Dynamic TASC Account

Managing a Not-for-Profit Organization takes hard work, and you require a banking partner that helps you achieve those goals. IDFC FIRST Bank Dynamic TASC Account is designed to help Not-for-Profit Organizations grow and accomplish the tasks they have set forth. Read More

Be it Schools, Colleges, Hospitals, NGO’s, Housing Societies, Religious Institutions, Clubs, or more, you can open Dynamic TASC Account with ease and manage it, no matter where you are.Read Less

Benefits

Dynamic TASC Current Account

Make the most of this account as it comes with benefits such as:

  • No minimum balance requirement
    No minimum balance requirement
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    Cash deposits up to 10X of Average Monthly Balance
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    Free Visa Signature Debit Card
  • Unlimited ATM Transactions and Cheque leaves
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Dynamic TASC Savings Account

Go beyond savings with benefits like:

  • Attractive interest rate on Savings Account with no minimum balance requirement
    Attractive interest rate on Savings Account
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    Cash deposits up to 5X of Average Monthly Balance
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    Free Visa Signature Debit Card
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    Unlimited ATM Transactions and Cheque leaves
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TASC Savings Account – Self-Help Group

Get more out of your savings account with:

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    No minimum balance requirement
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    Free Cash Deposit at Home Branch of ₹1 Lakh per month
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    Attractive interest rate on Savings Account
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    Free cash withdrawal at home branch
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Schools and Colleges

The most comprehensive financial solution perfect for your Education Institute

  • Virtual Account for Reconciled Fee Collections
  • Bulk salary & vendor payment
  • Integrated Payment Gateway Solution
  • Install POS machine, UPI (QR Code)
  • Competitive Fixed Deposits rates
  • Comprehensive ERP solution
  • Dedicated Relationship Manager

Hospitals
and Healthcare

You save lives; we’ll save you trouble of handling your finances

  • Payment Gateway for consultation fee collection
  • Install POS machine, UPI (QR Code)
  • Hassle free bulk salary / vendor payment
  • Competitive Fixed Deposits rates
  • Comprehensive ERP Solution
  • Dedicated Relationship Manager

NGOs

Keep your cause in focus; the finances will be managed

  • UPI (QR) based donations acceptance
  • Reconciled Electronics collections
  • Hassle free bulk salary/vendor payment
  • Competitive Fixed Deposits rates
  • Dedicated Relationship Manager

Housing
Societies

Financial Solutions for you and your residents together

  • Online Maintenance Collection
  • Cheque Collection and Reconciliation
  • Utility Bill Payments
  • Bulk Salary/Vendor Payment
  • Competitive Fixed Deposits Rates
  • Comprehensive ERP solution
  • Dedicated Relationship Manager

Clubs &
Associations

One stop solution for you and your members

  • NACH / e-NACH Solution for recurring subscription fee
  • Install POS machine, UPI (QR Code)
  • Reconciliation of digital & cheque collections
  • Bulk salary/vendor payment
  • Competitive Fixed Deposits Rates
  • Comprehensive ERP Solution
  • Dedicated Relationship Manager

Religious
Institutions

Peace of mind. Peace of Financial Solutions

  • Reconcile e-Donations with Virtual Account
  • Payment Gateway Solution
  • Bulk payment of Vendor & Salary
  • Competitive Fixed Deposits Rates
  • Dedicated Relationship Manager

ELIGIBILITY

Who can apply?

  • Trust
  • Society
  • Association
  • Clubs
  • Section 8 Company / Section 25 Company
  • Self Help Groups

FEES & CHARGES

Find out about our minimal and transparent fees & charges

View Fees & Charges

FREQUENTLY ASKED QUESTIONS

Who can open a TASC Savings Account?

1. Societies registered under the Societies Registration Act, 1860, or any other corresponding law in force in a State or a Union Territory, except societies registered under the State Co-operative Societies Acts and specific state enactment creating Land Mortgage Banks.

2. Section 25 Companies (as per Companies Act, 1956) or Section 8 Companies (as per Companies Act,2013)

3. Institutions/entities whose entire income is exempt from payment of income-tax under Income-Tax Act, 1961

4. Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various programmes/ schemes sponsored by Central/State Government (subject to production of an authorisation from the respective Government departments to open a savings bank account)

5. Development of Women and Children in Rural Areas (DWCRA)

6. Self-Help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members.

What is a Self-Help Group?

A Self-Help Group (SHG) is a small voluntary, informal association of people, preferably from the same socio-economic background. They come together to inculcate a habit of savings among their members through self-help and mutual help. The SHG promotes small savings among its members. The savings are kept with a bank.

In terms of banking, an SHG comprises of 10-20 members who are brought together normally by NGOs, and are encouraged to take up livelihood activities like tailoring, handicrafts, fabric making from e-charkhas etc., The members save individually and these savings can be lent to any of the members in time of their need. Some banks also lend to SHGs.

As per regulations, SHGs are allowed to open Savings Accounts

What is AMB and how is it calculated for IDFC FIRST Bank Dynamic TASC account?

AMB or Average Monthly Balance of your Dynamic TASC account is the average of the day-end balance in the account for all the days in a month. 

Every day, from the 1st to the end of the month, we take the balance in your account at the end of the day. We total them all up and divide by the number of days in the month. That’s it!

What are the modes through which one can track the IDFC FIRST Bank Dynamic TASC account?

You can track your IDFC FIRST Bank Dynamic TASC account through the following modes:

·         Internet Banking & Mobile Banking

·         24x7 Banker on Call

·         Monthly email statements sent to registered email address

·         Alerts through email and SMS

What are the digital payment solutions available IDFC FIRST Bank Dynamic TASC for an account?

Below are some of the digital payment and receivable solutions, available to TASC Current Account holders:

·         Free bulk upload facility on net banking

·         Payment Gateways

·         Virtual Accounts

·         UPI – QR

·         Point of Sales

·         API Integration

·         NACH/e-NACH

More FAQs

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