Experience bliss: Discover IDFC FIRST Bank Corporate Salary Account benefits

Experience hassle-free banking with a world of Salary Account benefits through IDFC FIRST Bank.

Opening an IDFC FIRST Bank Corporate Salary Account online is quick, easy, and convenient. With excellent salary account benefits, you get a host of banking services at your fingertips. From seamless salary deposits and attractive interest rates to exclusive offers and discounts, this Salary Account is designed to make your financial life simple. 

Let's look at the features, advantages, and different nuances of a Salary Account.

What is a Salary Account?

A Salary Account is a type of bank account specifically tailored for employees to receive their monthly earnings. It is a convenient gateway for employers to disburse salaries and for employees to manage their finances effectively. Opening a Salary Account is an easy task with the digital journey offered by IDFC FIRST Bank, making the process simple and time efficient.

Advantages of a Salary Account
 

There are various advantages associated with having a Salary Account with IDFC FIRST Bank. 

• Earn interest up to 7% p.a.

One of the standout features of this account is the opportunity to earn a good interest rate on your account balance. Unlike traditional salary accounts that offer minimal or no interest, IDFC FIRST Bank lets your money work for you. 

With an interest rate of up to 7% p.a.*, your savings can grow steadily over time. This advantage sets the IDFC FIRST Bank Corporate Salary Account apart from others in the market.

• Earning interest on interest with IDFC FIRST Bank

In addition to the attractive interest rates offered with this account, another notable Salary Account benefit is the opportunity to earn interest on interest. Your accumulated interest is reinvested, allowing your savings to grow exponentially. You can accelerate your path to financial prosperity by harnessing the power of compounding.

• Zero charges on 28 commonly used services

IDFC FIRST Bank understands the significance of a seamless banking experience. To ensure your journey is seamless, zero charges are levied on 28 commonly used salary account services. 

From fund transfers to demand drafts, you can enjoy the convenience of conducting these transactions without worrying about additional fees. This transparency and convenience make managing your finances stress-free.

• Monthly interest credit

As an IDFC FIRST Bank Corporate Salary Account holder, you can take advantage of monthly interest credit. This means that you receive interest on your account balance every month, maximising the growth potential of your hard-earned money. 

Unlike the industry norm of quarterly interest credit, the IDFC FIRST Bank Corporate Salary Account benefits ensure you enjoy an interest-compounding feature to accelerate your savings journey.

• Corporate Salary Account with VISA Platinum Debit Card

For employees working in public sector enterprises and central/state government departments in India, IDFC FIRST Bank offers a unique salary account proposition. One of the Salary Account benefits includes owning a feature-laden debit card, such as the VISA Platinum Debit Card, which provides privileges and conveniences over and above your daily banking needs. With this card, you can access various discounts, cashback, and rewards to make your banking experience more enjoyable.

• Free personal accident insurance cover

A sense of security during a difficult time is paramount, and more so when addressing the added issue of managing finances then. IDFC FIRST Bank understands this, so a free personal accident insurance cover of Rs 35 lakhs for Salary Account holders is provided. This insurance cover provides financial protection for death or permanent disability. With IDFC FIRST Bank, you can have peace of mind knowing that your loved ones are financially secure in times of uncertainty.

• Free air accident insurance cover

In addition to personal accidental insurance, IDFC FIRST Bank Corporate Salary Account holders also enjoy a free air accident insurance cover of Rs 1 crore. This ensures that you and your family are protected in the unfortunate event of an air accident.

• Zero balance Savings Account

Managing your finances becomes hassle-free banking with the zero-balance Savings Account feature offered by IDFC FIRST Bank. You don't need to maintain a minimum balance in your Salary Account, freeing you from the stress of meeting a minimum requirement. This flexibility lets you utilise your funds without worrying about penalties or charges.

• Purchase protection and lost card liability

IDFC FIRST Bank Corporate Salary Account holders enjoy purchase protection and lost card liability of up to Rs 6 lakhs. If you make a purchase using your debit card and the product is damaged or lost, you can avail of the purchase protection benefit. Additionally, should your debit card be lost or stolen, the lost card liability feature safeguards it from unauthorised transactions, providing you with financial security and peace of mind. 

• Free and unlimited ATM access

Accessing your funds conveniently is crucial in today's fast-paced world. One of the salary account benefits includes enjoying free and unlimited ATM access at IDFC FIRST Bank ATMs or any other. This means you can withdraw cash or perform transactions without worrying about additional charges or limitations. IDFC FIRST Bank makes banking easy by allowing you to access your funds whenever you need them.

How to open an IDFC FIRST Bank Corporate Salary Account online
 

To open this account online, follow these simple steps -

• Visit the IDFC FIRST Bank official website and navigate to the account opening section
  
• Click on the option to open a salary account and provide your Aadhaar number and PAN number
• Fill in the required personal details such as name, address, contact information, and employment details
• Verify your Aadhaar details through OTP authentication or biometric verification
• Review the information you have provided and apply
• Once your application is successfully submitted, you will receive a confirmation message or email
• An IDFC FIRST Bank representative may contact you for additional information or to schedule a video KYC verification
• Upon successful verification, your IDFC FIRST Bank Corporate Salary Account will be opened, and you will receive your account details via email or SMS
• You can access your account through the IDFC FIRST Bank Mobile Banking or Internet Banking platform
   

In Conclusion

There are numerous IDFC FIRST Bank Corporate Salary Account benefits and advantages. When you open a Salary Account, you will enjoy hassle-free banking with accessible salary credits, personalised services, attractive interest rates, and access to a wide range of banking products. 

The online process eliminates the need for branch visits, making it convenient and timesaving. Get ready to enjoy the IDFC FIRST Bank Corporate Salary Account benefits and take control of your finances today.
 

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.