Are you ready for an upgrade?
Login to the new experience with best features and services
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
Accounts
Deposits
Loans
- IDFC FIRST Bank Loans
-
Personal Loan
-
Consumer Durable
Loan -
Home Loan
-
Business Loan
-
Professional Loan
-
Education Loan
-
New Car Loan
-
Pre-owned Car Loan
-
Two Wheeler Loan
-
Pre-owned Two
Wheeler Loan -
Commercial Vehicle
Loan -
Gold Loan
-
Loan Against Property
-
Loan Against Securities
-
Easy Buy EMI card
-
Personal Loan
EMI Calculator -
Education Loan
EMI Calculator -
Home Loan
EMI Calculator
Wealth & Insure
Payments
Cards
- IDFC FIRST Bank Cards
-
Ashva :
Metal Credit Card -
Mayura :
Metal Credit Card -
FIRST Millennia
Credit Card -
FIRST Classic
Credit Card -
FIRST Select
Credit Card -
FIRST Wealth
Credit Card -
FIRST WOW!
Credit Card -
Forex Card
-
Deals
-
Debit Cards
-
Co-branded Cards
-
Credit Card
EMI Calculator -
FIRST Corporate
Credit Card -
FIRST Purchase
Credit Card -
FIRST Business
Credit Card
Premium Metal
0% Forex & Travel
- Best for travellers
-
MayuraZero ForexMetal₹5,999
-
Ashva1% ForexMetal₹2,999
-
FIRST WOW!Zero ForexTravelLifetime Free
-
FIRST SWYPTravel OffersEMI₹499
-
FIRST Select1.99% ForexLifestyleLifetime Free
-
FIRST Wealth1.5% ForexLifestyleLifetime Free
-
Club VistaraTravelLifestyle₹4,999
-
IndiGo IDFC FIRST Dual Credit CardTravelLifestyle₹4,999
Lifetime Free
- Max benefits, Free for life
-
FIRST Classic10X RewardsShoppingNever Expiring Rewards
-
FIRST Millennia10X RewardsShoppingNever Expiring Rewards
-
FIRST Select10X RewardsLifestyle1.99% Forex
-
FIRST Wealth10X RewardsLifestyle1.5% Forex
-
FIRST WOW!RewardsTravelZero Forex
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
10X Rewards
- Reward Multipliers
-
AshvaLifestyleMetal₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST ClassicNever Expiring RewardsShoppingLifetime Free
-
FIRST MillenniaNever Expiring RewardsShoppingLifetime Free
-
FIRST SelectNever Expiring RewardsLifestyleLifetime Free
-
FIRST WealthNever Expiring RewardsLifestyleLifetime Free
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Corporate Account
Cash Management Services
Corporate Lending
Treasury
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Offers
About Us
Investors
Careers
IDFC FIRST Academy
ESG
Savings Accounts are among the most essential financial tools. These accounts help you safely store your money while giving you easy access to funds for daily transactions like bill payments, shopping, and investments. With the increasing shift towards digital banking and cash usage declining, it is more important than ever to be aware of the transaction limits that apply to your savings account.
Cash deposit limit in a savings account
Rules surrounding savings accounts help maintain financial transparency and ensure compliance with income tax regulations.
Making a cash deposit is easy: Just visit your bank’s branch, fill out the deposit slip, and hand over your cash. However, savings account limits apply. As per RBI guidelines, if you're depositing more than ₹50,000 in cash, you must present your PAN card or Form 60 at the time of deposit.
The cash deposit limit for IDFC FIRST Bank Savings Accounts is ₹10 lakh per month. If your total cash deposits exceed ₹10 lakh in a financial year, the bank is required to report it to the income tax department under the Statement of Financial Transactions (SFT).
Additionally, many banks limit the number of free cash deposits and withdrawals each month. Post this limit, charges may apply. At IDFC FIRST Bank, you enjoy unlimited free cash deposits and withdrawals across branches, which ensures greater flexibility with zero stress.
Understanding savings account transaction limits isn’t just about avoiding penalties—it’s about making smarter, safer financial decisions in a digitally regulated economy.
Why choose IDFC FIRST Bank’s Savings Account?
If you're looking for a savings account that offers more flexibility and higher returns, IDFC FIRST Bank is a great choice. Here’s why:
- Earn up to 7.00% p.a. interest on your savings—among the best in the industry for any savings account.
- Get monthly interest credits, helping your money grow faster through compounding.
- Enjoy zero fee banking on all savings account services—no charges on IMPS, NEFT, RTGS, ATM withdrawals, or account maintenance.
- Track your spending and savings effortlessly with the IDFC FIRST Bank mobile banking app.
- Make unlimited free cash withdrawals and deposits across all IDFC FIRST Bank branches.
- Access up to a ₹6 lakh purchase limit with IDFC FIRST Bank’s 25K AMB savings account, or a ₹4 lakh purchase limit with the 10K AMB savings account and enjoy debit card privileges for convenient shopping.
- Get a daily withdrawal limit of up to ₹1 lakh with the 10K AMB savings account and up to ₹2 lakh with the 25K AMB savings account.
- Savings account holders with the 25K AMB savings account get a free personal accident insurance cover of ₹35 lakh and a ₹1 crore air accident insurance cover.
- Savings account holders with the 10K AMB savings account get a free personal accident insurance cover of ₹5 lakh and a ₹30 lakh air accident insurance cover.
- Secure your savings with two-factor authentication and robust digital protection.
Whether you're managing day-to-day expenses or planning long-term goals, this account delivers unmatched value.
Digital banking: The safer way to transact
As cybercrime awareness grows and banking regulations tighten, digital transactions are becoming safer and more reliable than ever.
IDFC FIRST Bank’s mobile app offers a secure and intuitive interface, allowing you to transfer funds, check balances, schedule auto-payments, and open deposits—all from your phone. You can also set transaction limits, receive alerts, and monitor your spending in real time. The app’s goal-based savings feature helps you stay disciplined while building financial reserves for travel, education, or emergencies.
Conclusion
With increased scrutiny around large cash transactions and rising digitisation, it’s smart to switch to a savings account that offers competitive interest rates up to 7.00% p.a., transparency, and flexibility.
IDFC FIRST Bank’s savings account provides not only attractive interest rates and unlimited free transactions but also the convenience of powerful mobile banking and unmatched fee waivers. Open your IDFC FIRST Bank savings account today and experience how smart banking makes managing your money stress-free, secure, and more rewarding.
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.