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World Business Account

Manage and grow your business with IDFC FIRST Bank World Business Account..

When your business spreads across borders, you’ll need a strong bank to ensure that it is safe, secure, and growing. IDFC FIRST Bank offers one of the best World Business Accounts to help your business grow and make international and domestic trade effortless.Read More

Once you open your account with us, you gain access to IDFC FIRST Bank’s impeccable features and benefits such as Internet & Mobile Banking Platform, Online trade platform, Trade Forex Solutions, GPS-enabled doorstep banking, payment and receivable solutions, trade specialist for trade solutions, simple charge structure, and much more. We are also transparent about our fees and charges. Secure your international business with your own IDFC FIRST Bank World Business Account.Read Less

Digital Banking Benefits

100K World
Business Account

Make the most of great benefits like:

  • Free Cash Deposit Limit: ₹12 Lakh per month
  • Free 300 Cheque Leaves per month
  • Free DD Issuance
  • Free 25 ATM Transactions per month
  • Free Non-Financial Transactions at IDFC FIRST Bank ATM
  • Free Visa Signature Card
  • ₹1 Lakh AMB Requirement

50K World
Business Account

Trade without any hassles and enjoy benefits such as:

  • Free Cash Deposit Limit: ₹6 Lakh per month
  • Free 200 Cheque Leaves per month
  • Free 15 ATM Transactions per month
  • Free Non-Financial Transactions at IDFC FIRST Bank ATM
  • Visa Signature Card
  • ₹50K AMB Requirement & Monthly Trade throughput USD 15,000

25K World
Business Account

Take your business further with:

  • Free Cash Deposit Limit: ₹3 Lakh per month
  • Free 50 Cheque Leaves per month
  • Free 10 ATM Transactions per month
  • Free Non-Financial Transactions at IDFC FIRST Bank ATM
  • Visa Platinum Card
  • ₹25K AMB Requirement & Monthly Trade throughput USD 5,000

ELIGIBILITY

Who can apply?

Anybody who meets any of the following requirements can apply

  • Resident individual
  • Hindu Undivided Family (H.U.F.)
  • Sole proprietorship
  • Partnership
  • Limited Company/Limited Liability Partnership

Documentation

Sole proprietorship

  • 2 documents in the name of Entity
  • Address proof in the name of entity
  • Proprietor Document – (Photo, PAN copy and 1 OVD document copy)
  • Nature of Industry proof (In case not indicative in Entity documents, please check for Invoice Copy, Bill of Entry, Freight Invoice, Agreement Copy)

Partnership

  • Partnership Deeds
  • Partnership Firm Declaration
  • Entity PAN card copy
  • Address Proof in the name of the Entity
  • OVD copy of the Partners / Authorised Signatories / Beneficial Owners (Including Latest Photograph and PAN card copy)

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Fees & Charges

Find out about our minimal and transparent fees & charges

View Fees & Charges

FREQUENTLY ASKED QUESTIONS

What is AMB and how is it calculated for IDFC FIRST Bank World Business Account?

AMB or Average Monthly Balance of your World Business Account is the average of day-end balance in the account for all the days in a month. An illustration of the same is as below:

Transaction

Date

Debit Amount

Credit Amount

Balance at the end of day

1

01-May-15

-

1,00,000

1,00,000

2

10-May-15

20,000

-

80,000

3

20-May-15

20,000

1,00,000

1,60,000

4

31-May-15

-

40,000

2,00,000

AMB

-

-

-

1,18,064

What is the initial pay-in amount required for opening your IDFC FIRST Bank World Business account?

In order to open a World Business Account, the initial pay-in amount is detailed in the table below:

Name of Product Minimum Initial Funding Requirement
Current Account - 1 lakh ₹1 lakh
Current Account - 50K ₹50K
Current Account - 25K ₹25K
Current Account -10K ₹10K
World Business Account  - 1L ₹1 lakh
World Business Account  - 50K Rs.50K
World Business Account  - 25K Rs.25K
Customisable CA-50K Rs.50K

What is the minimum account balance required to be maintained monthly in the IDFC FIRST Bank World Business Account?

Once you open World Business Account, in order to retain the features of current account you must maintain the minimum account balance as mentioned in the table below:

Name of Product Minimum Avg. Monthly Balance Requirement
Current Account - 1 lakh ₹1 lakh
Current Account - 50K ₹50K
Current Account - 25K ₹25K
Current Account -10K ₹10K
World Business Account  - 1L ₹1 lakh
World Business Account  - 50K ₹50K
World Business Account  - 25K ₹25K
Customisable CA-50K .₹50K

What are the modes through which one can track IDFC FIRST Bank World Business Account?

You can track your IDFC FIRST Bank World Business Account through the following modes:

·         View and transact through 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 for World Business Account?

Below are some of the digital payment and receivable solutions through which you can gain edge in the competitive market

·         Free NEFT/RTGS/IMPS

·         Debit Cards

·         Net Banking & E-com Transactions

·         Free bulk upload facility on net banking

·         Payment gateway

·         Virtual Accounts

·         UPI – QR

·         Point of Sales

·         API integration

·         NACH/e-NACH

What are the trade solutions available for the World Business Account customer?

Below are the trade solutions to facilitate your international business requirements

·         Letter of Credit

·         Bank Guarantee

·         Import Finance

·         Inward Remittance

·         Outward Remittance

·         Hedging and Currency Protection

·         Foreign Currency Cash

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