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TASC Institutional Account

IDFC FIRST Institutional banking provides innovative products & services to suit the needs of Trusts, Associations, Societies, Clubs, Educational Institutions, Hospitals, Non-Government Organizations (NGOs) etc.Read More

Our tailor made solutions are perfect for managing your collections, payments and other CMS requirements which help in making your banking experience easy and efficient.

Our growing network of branches & dedicated relationship managers will help you with a variety of products and services needed in growing your business.Read Less

Dynamic TASC Accounts

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Revolutionary Net Banking & Mobile Banking Platforms

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Integrated Cash Management Services

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Payment Gateway & POS

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Doorstep Banking

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Dynamic Cash Deposit Limits

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Free funds transfer across NEFT / RTGS / IMPS

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Bulk Uploads, UPI QR & Virtual Accounts

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Free cheque book and DD issuance

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Unlimited ATM Transactions

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Beyond Banking Solutions

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Dedicated Relationship Manager

TASC Segments

Schools and Colleges

The most comprehensive financial solutions which are perfect for your Education Institute.

  • Virtual Accounts for Reconciled Fee Collections
  • Bulk salary & vendor payment
  • Payment Gateway and POS Solutions
  • UPI Collections
  • Competitive Fixed Deposits rates
  • Comprehensive ERP solutions
  • Dedicated Relationship Manager
  • API Banking & H2H Payments Integration
Schools and Colleges

Hospitals and Healthcare

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

  • Payment Gateway and POS Solutions
  • UPI Collections
  • Hassle free bulk salary / vendor payment
  • Free Demand Drafts
  • Free RTGS / NEFT / IMPS
  • Free At-Par cheque books
  • Comprehensive ERP Solutions
  • Dedicated Relationship Manager
Hospitals and Healthcare

NGOs

Keep your cause in focus; your finances will be managed.

  • POS Solutions
  • UPI Collections for donations
  • Customized payment & collection solutions
  • Free Demand Drafts
  • Free RTGS / NEFT / IMPS
  • Dedicated Relationship Manager
NGOs

Housing Societies

Financial Solutions for you and your residents

  • Complete Apartment management solutions
  • Online Maintenance Collection
  • Cheque Collection and Reconciliation
  • Utility Bill Payments
  • Bulk Salary/Vendor Payment
  • Competitive Fixed Deposits Rates
  • Comprehensive ERP solutions
  • Dedicated Relationship Manager
Housing Societies

Clubs & Associations

One stop solution for you and your members.

  • NACH / e-NACH Solution for recurring subscription fee
  • Bulk salary & vendor payment
  • POS Solutions
  • UPI Collections
  • Cash/ Cheque pick-up management
  • Comprehensive ERP Solutions
  • Dedicated Relationship Manager
Clubs And Associations

Religious Institutions

Peace of mind. Peace of Financial Solutions.

  • Virtual Accounts to manage donations
  • Payment Gateway and POS Solutions
  • UPI Collections
  • Bulk payment of Vendor & Salary
  • Competitive Fixed Deposits Rates
Religious Institutions
Schools and Colleges

Schools and Colleges

The most comprehensive financial solutions which are perfect for your Education Institute.

  • Virtual Accounts for Reconciled Fee Collections
  • Bulk salary & vendor payment
  • Payment Gateway and POS Solutions
  • UPI Collections
  • Competitive Fixed Deposits rates
  • Comprehensive ERP solutions
  • Dedicated Relationship Manager
  • API Banking & H2H Payments Integration
Hospitals and Healthcare

Hospitals and Healthcare

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

  • Payment Gateway and POS Solutions
  • UPI Collections
  • Hassle free bulk salary / vendor payment
  • Free Demand Drafts
  • Free RTGS / NEFT / IMPS
  • Free At-Par cheque books
  • Comprehensive ERP Solutions
  • Dedicated Relationship Manager
NGOs

NGOs

Keep your cause in focus; your finances will be managed.

  • POS Solutions
  • UPI Collections for donations
  • Customized payment & collection solutions
  • Free Demand Drafts
  • Free RTGS / NEFT / IMPS
  • Dedicated Relationship Manager
Housing Societies

Housing Societies

Financial Solutions for you and your residents

  • Complete Apartment management solutions
  • Online Maintenance Collection
  • Cheque Collection and Reconciliation
  • Utility Bill Payments
  • Bulk Salary/Vendor Payment
  • Competitive Fixed Deposits Rates
  • Comprehensive ERP solutions
  • Dedicated Relationship Manager
Clubs & Associations

Clubs & Associations

One stop solution for you and your members.

  • NACH / e-NACH Solution for recurring subscription fee
  • Bulk salary & vendor payment
  • POS Solutions
  • UPI Collections
  • Cash/ Cheque pick-up management
  • Comprehensive ERP Solutions
  • Dedicated Relationship Manager
Religious Institutions

Religious Institutions

Peace of mind. Peace of Financial Solutions.

  • Virtual Accounts to manage donations
  • Payment Gateway and POS Solutions
  • UPI Collections
  • Bulk payment of Vendor & Salary
  • Competitive Fixed Deposits Rates

TASC Savings Account – Self-Help Group

Get more out of your savings account with:

  • Cash Deposit Free Limit Of Rs 1 Lakh Per Month
    No minimum balance requirement
  • Free Cash Deposit
    Free Cash Deposit at Home Branch of ₹1 Lakh per month
  • Cheque Book On Request
    Attractive interest rate on Savings Account
  • No Minimum Balance
    Free cash withdrawal at home branch
Dynamic Tasc Current Account

ELIGIBILITY

Who can apply for a Savings Account?

  • 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.
  • Section 25 Companies (as per Companies Act, 1956) or Section 8 Companies (as per Companies Act,2013)
  • Institutions/entities whose entire income is exempt from payment of income-tax under Income-Tax Act, 1961
  • 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)
  • Development of Women and Children in Rural Areas (DWCRA)
  • Self-Help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members.

Not for profit eligibility

FEES & CHARGES

Find out about our minimal and transparent fees & charges

View Fees & Charges

fees and 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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