What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
-
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.
-
-
FinFIRST Blogs
With so much happening in life, it can be difficult to keep yourself informed about everything; especially with the current situation we are all in. However, it is crucial to keep yourself up to date with the latest announcements from your bank regarding new guidelines or notifications. In case you don’t, you might end up surprised to see your savings account balance lower than before or your credit card barred for say online transactions.If you have applied for a credit card or wish to apply for a credit card, be sure to read the Most Important Terms and Conditions (MITC) document before signing up for your card.
Your bank will make sure to keep you updated with the latest news or guidelines via text and email. But, to err is human; so we may often miss them or lose them in our inbox that is already filled with emails marked urgent. One such example is the new update that many of us did not pay heed to. It is when the Reserve Bank of India (RBI), the nation’s central bank introduced new debit & credit card rules, which came into effect on 1st October 2020.
READ MORE
The central bank introduced these new rules to tackle the increasing number of fraud cases and to make debit and credit cards more secure.
If you did not know this, don’t worry, we’ve got you! Here’s a short guide to help you understand better:
- All new debit and credit cards will only be enabled for ATM and Point of Sale (POS) machines.
- All cardholders can now set a transaction limit on their cards.
- The RBI has instructed all banks to disable online payment services for debit/credit cards if they’ve never been used for any kind of digital payments in India or abroad.
- Banks can deactivate cards based on risk perception.
- Cardholders can choose to opt-in/out of services such as online or international transactions through their bank’s mobile app or internet banking.
Always read the text messages and emails your bank sends you, be it new offers or your savings account balance; they will help you make quick decisions, if needed. In case, you want to know more about these rules, you can always talk to your service provider by either calling the branch or messaging them on their social media handles.
Remember, it is important to know the new rules and regulations as they will help you keep a closer look at your hard-earned money. Plus, you can also help your family members and colleagues by keeping them informed too. After all, a good deed never goes unnoticed.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.
