Explore Personal Banking
Accounts
Deposits
Loans
Wealth & Insure
Payments
Cards
What's special about us
Customer Support
Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
GIFT City
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
Careers
IDFC FIRST Academy
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

Where trust and transactions meet

Escrow Accounts

At IDFC FIRST Bank, we act as the Escrow agent for both individuals, and businesses. You can enjoy the benefit of digitally signing Escrow agreements when you choose us. Not just that, you can use our legally vetted standard Escrow drafts and reach out to our expert Escrow team to manage operations.


Read more...
Overview Image

Why prefer IDFC FIRST Bank for your Escrow transactions?

Customizable

Standard agreements tailored to various complex business transactions that can be further customized to meet your transactional needs.

Escrow Types

Revenue sharing, Lender-Borrower, Buyer-Seller, Franchisor-Franchisee, etc.

Escrow Specialist

Our expert escrow team ensures the seamless and efficient completion of your escrow deals, handling every detail with precision.

Parties engaged in the Escrow deal, execute an Escrow agreement along with Escrow agent, incorporating all the


terms and conditions applicable for the said transaction/deal.

Digitally signed Escrow
agreements

Legally vetted standard
Escrow drafts

Expert Escrow team to
manage operations

how-to-open

How to open an
Escrow Account?

Click here to apply now for opening an Escrow account with IDFC FIRST Bank.


Read more...

Features

  • pointerEasily sign Escrow agreements digitally
  • pointerLegally vetted standard Escrow drafts
  • pointerExpert Escrow team to manage operations
  • pointerSecurity of funds and transactions to both parties involved
  • pointerMinimising or elimination of fraud in high value transaction deals
  • pointerTracking movement of money by all parties involved

FAQs

What is an Escrow Account?

Any business transaction between two or more parties requiring secured fund settlement as pre-agreed under an agreement can be managed through the Escrow account. IDFC FIRST Bank acts as an Escrow Agent to ensure transactions are executed as per the underlying executed Escrow agreement. 

What are the benefits of opening an Escrow Account with IDFC FIRST Bank?

Want to open Escrow Account? Below are the key benefits of opening an Escrow Account with IDFC FIRST Bank: 

  • • Standardized & structured solutions for wide range of Escrow arrangements suiting needs of transacting parties
  • • Safe & secure mode of handling transactional cash flows
  • • Expertise of legally vetted draft Escrow agreements by IDFC FIRST Bank’s legal team
  • • Dedicated Legal and Operation teams for quick turnaround in handling all phases right from engagement till execution
  • • Online channel to view balances in Escrow Account with statement download facility
  • • Customized MIS

Can net banking access be provided to you for Escrow accounts?

Yes, net banking access can be provided to you, as the Escrow account holder for viewing and downloading the account statement. 

Can you avail API services in your Escrow Account for payments and collections?

API services can be availed for payments and collections, subject to the Escrow deal type and requirement with adherence to banking compliance and regulations.

More FAQs
ON A MISSION TO BUILD THE WORLD’S MOST
CUSTOMER FRIENDLY BANK