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IDFC FIRST BANK MBA SCHOLARSHIP PROGRAM

IDFC FIRST Bank MBA Scholarship is a need-based scholarship for students with family income of less than INR 6 lakhs per annum. The purpose of this scholarship is to make post graduate studies in business management accessible to meritorious students who are unable to pursue higher studies due to financial constraints. 

Applications for Batch 2023-2025 are closed now. Watch this space for more updates!

Award  

  • INR 2,00,000 for two years of full-time MBA studies ( 1 Lakh p.a. subject to T&C)


Number of Scholarships Available  

  • 350 scholarships 

About the Scholarship

The Scholarship Program provides access to Post Graduate Studies in Business (MBA degree or its equivalent) to eligible students who at present lack financial means to pursue their studies. It empowers the students fulfill their aspirations to study in some of the best colleges/universities in India, irrespective of their current financial background.

  • ● Students admitted in the 1st year of 2-year full-time MBA or its equivalent programs at selected institutions/colleges are eligible for this scholarship

  • ● Students pursuing 1-year executive program, integrated MBA program or any MBA program other than 2-year full-time MBA/PGDM program are not eligible for this scholarship

  • ● Final grant of Scholarships will take place only after due verification of their documents & on-ground screening of the shortlisted applicants. In case the applicant fails to do the needful in any of these stages or is unable to comply with the process within the stipulated timeframe, his/her candidature shall be rejected

  • ● The applicant needs to provide the details for on-ground verification as mentioned in the form to the bank representatives.

  • ● The amount of the scholarship is meant for covering the tuition fees and shall be disbursed in the account of the said institution/college of admission only

  • ● The final disbursement of the scholarship will take place after submission of the fees receipt by the student-applicant

  • ● The final selection of awardees will be solely at the discretion of IDFC FIRST Bank

  • ● It is mandatory for the awardees to attend all IDFC FIRST Bank events pertaining to the IDFC FIRST Bank MBA Scholarship

  • ● It is mandatory for students to pass their first year and be promoted to second year to be eligible for second year of scholarship

  • ● Children of IDFC FIRST Bank employees are not eligible for the scholarship. If found , the candidature will be rejected at any given stage of scholarship process

  • ● If an applicant agrees to explore the possibility of a student loan with the bank, indicated during his/her application submission stage , it will be deemed as an act of authorisation by him/her given to the bank and/or its representatives or its agents to communicate with him/her in future via email, call or SMS pertaining to his/her application or to other promotional activities.

Our Impact

The Scholarship Program commenced in 2016 and has supported more than 1154 students across 24 states of India till date. Our students hail from families with diverse occupational backgrounds such as those of retired government employees, auto-rickshaw drivers, teachers and children of single parents.

  • 1154MBA STUDENTS AWARDED SCHOLARSHIPS
  • 152COLLEGES ACROSS INDIA

Voice of Impact

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Note: The IDFC FIRST Bank MBA Scholarship application process is hosted only on this link and is the only channel through which one can apply for the scholarship. We DO NOT charge any application fees at any stage of the process. If you have been asked to pay application fees OR you have been contacted by anyone other than the IDFC FIRST Bank’s representatives or have come across any suspicious activity, please report to mbascholarship@idfcfirstbank.com

Frequently Asked Questions

I cannot find my college in the list of institutions eligible scholarship program?

Please note, this is the final list of eligible colleges and if your college is not mentioned in the list then you are not eligible to apply for the scholarship.

Can MBA students of 2022-23 or previous batch apply for this scholarship?

No. Only students who are enrolled into 1st year of their full-time MBA/PGDM program in the academic year 2023-2024 are eligible for this scholarship.

I want to pursue an MBA through distance education. Am I eligible for this scholarship?

No, only full time MBA students are eligible for this scholarship

I have a query about the scholarship program, whom do I write to?

Scroll down to the bottom of the scholarship application pre login landing page and click on ‘Email Us’ > fill the user form and submit > CSR team will reach out to you within 3 working days

I am facing a technical issue while logging in, during my application journey ?

Scroll down to the bottom of the scholarship application pre login landing  page and click on ‘Email Us’ > fill the user form and submit > CSR team will reach out to you within 3 working days

Can IDFC FIRST Bank employees and/or children apply for the scholarship?

No, neither IDFC FIRST Bank employees nor their children are eligible to apply for this scholarship

Is there any application fees to apply for the scholarship ?

No, there is not application fees

Our CSR Programmes

At IDFC FIRST Bank, we aim to empower our customers to make a difference in the world. With this in mind, we bring you various initiatives in partnership with our partners that give you the opportunity to shoulder a cause of your choice. Till date, we have 24+ programs that have impacted more than 50574 lives. Come, let’s together, put others FIRST.