What's special about us
Enjoy Zero Charges on All 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
Banks prepare monthly bank statements and share them with customers every month. It is an individual account statement that shows all the deposits and withdrawals made during the month. Your entire transaction history for the month is chronologically documented in the account statement, making it a helpful document for money tracking, and monitoring your income and expenses for a particular period.
If you have an IDFC FIRST Bank savings account, you can easily download your monthly account statements online. Simply log in to your mobile or internet banking profile and follow simple steps to get the IDFC FIRST Bank savings account statement at your registered email ID.
To make the best use of it, let’s find out what a bank statement contains,
READ MORE
Bank statement overview
The bank account statement will have your customer ID and account number on top, along with the statement period. It will also usually have your name, address, email ID, phone number, IFSC and MICR codes, date of opening the account, account status, account type, and the applicable currency.
You can refer to your account statement to get an overview of your IDFC FIRST Bank savings account-related information. A summary of the opening balance, total debits, total credits, and closing balance will be available as a bank statement overview in a tabular format. This is followed by a detailed table that contains the transaction history for your statement period, making money tracking easier.
Bank statements make it easier to track your account activities and draft a better financial plan.
Every transaction specifies the transaction date, the value, the particulars of the transaction, and the cheque number if any. The transaction’s corresponding debit or credit value is available along with the revised balance at the end of each transaction.
These, in brief, are the steps to view the bank statement.
Key features and benefits of a bank statement
What is the importance of having a monthly savings account statement? Well, your bank statement is useful for money tracking. If you monitor your bank deposits and withdrawals carefully and regularly, you will always have your monthly budget under control.
Your monthly account statement also serves as proof of income. If you apply for a loan, the lending bank often asks for the bank statement as a supporting document. A bank statement is also routinely asked for while applying for a visa for overseas travel.
You can use the transaction summary available in the bank statement to calculate your total income during the financial year. Referring to these statements makes Income Tax Return filing an easier exercise.
Frequently Asked Questions
How to get a bank statement online?
Banks offer online as well as offline bank account statements. While you must visit the bank to request an offline statement, you can download an online account statement anytime and anywhere. An online bank statement is paperless and can be downloaded on your mobile or computer. Here are a few simple steps to download your bank statement online.
1. Log into your net banking account or the mobile banking app.
2. Search for the account statement option from the main menu.
3. Select the period for which you need the account statement.
4. You will get the bank statement through the registered e-mail, or it can be downloaded in PDF format.
IDFC FIRST Bank customers can subscribe to online bank account statements and can get their monthly account statements completely free of charge. Additionally, the bank also offers over 25 banking services with zero fees. Our commonly used services with zero-fee banking are –
· Free online fund transfers including NEFT, RTGS, IMPS and UPI.
· Zero fees on cash deposits and withdrawals and re-issuance of chequebooks and debit card issuance.
· No charges on demand draft pay orders, third-party deposits and withdrawals
· No charges on standing instructions, manager’s cheques, DD cancellations, and cheque bounces.
We are committed to bringing transparent, ethical, and convenient banking to all customers with our affordable and zero-fee banking.
How to get a bank statement by mail?
Receiving bank statements in your mail negates the hassles of manually requesting account statements. You can opt for an automatic bank account statement directly in your email.
Most banks deliver monthly account statements to your registered mail by default. However, if you don’t have an active net banking account, you may need to visit your bank and apply for internet banking. All IDFC FIRST Bank customers get net banking and mobile banking facilities by default and without any charges.
While bank mini-statements are readily available, it is a good practice to download and retain your IDFC FIRST Bank account statements, at least for the latest financial year, to make your financial management more efficient and disciplined.
In addition to making your account monitoring easy and convenient, IDFC FIRST Bank offers several other features and benefits to your savings account for meeting your financial goals. You get one of the highest savings account interest rates up to 7% per annum with the facility of monthly interest credit and 28 commonly used savings account services completely free of charge* to enhance your savings. What’s the best part? You are just a few clicks away from opening your savings accounts and enjoying convenient banking. Open a savings account now!
*IDFC FIRST Bank offers Zero Fee Banking on Rs. 10,000 Average Monthly Balance (AMB) Savings Account and higher account variants, subject to maintenance of AMB in the account.
These services are being offered free in good faith, and in case of abuse, the bank reserves the right to charge fees as per market norms. All rights reserved.
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.
