Save money in your 30s for a stress-free retirement

IDFC FIRST Bank offers various savings accounts with industry-leading interest rates and benefits. Read on to know more

The more you save in your younger days, the lesser you need to worry about financial security in your older years—the logic behind that is solid. The path to savings starts with a savings account. Perhaps the most common financial tool in India, a savings account encourages individuals to save money, pays interest on the saved money, and acts as a gateway to other forms of investments. At IDFC FIRST Bank, we offer a variety of savings accounts, all with interest rates of up to 7% per annum, to ensure that everyone can have their specific financial needs met:

1. Savings account

The simplest type of savings account, this one is suitable for all people. A basic savings account offers an interest rate of up to 7% per annum compounded monthly, along with perks like unlimited free ATM withdrawals. 

To open an IDFC FIRST Bank savings account, click here.

2. Corporate salary account

Perfect for employees, a corporate salary account provides additional perks like a zero minimum balance requirement, complimentary airport lounge access 1 per quarter in major cities, a lifetime-free credit card, and free personal accident insurance with a cover of INR 35 lakh. 

3. Minor savings account

A minor savings account is perfect for establishing your child’s financial security at an early age. It requires no monthly average balance and offers a sweep-out facility that moves excess deposit amounts to a fixed deposit in order to earn a higher rate of interest on them.

4. Pratham savings account

A Pratham savings account is meant to improve banking inclusivity and is the perfect account for the first-time account opener. Not only does it offer interest rates of up to 7% per annum, but it also has zero balance requirements and monthly compounding and allows depositors to execute quick transactions at any micro ATM. 

5. Vishesh savings account

A Vishesh savings account comes loaded with benefits such as a Rupay Platinum debit card, free domestic lounge access 1 per quarter, and an online fraud protection cover of INR 2 lakh. 

6. Future FIRST savings account

Primarily meant for students from premier institutions, the Future FIRST savings account comes with a free Times Prime membership, a VISA Platinum debit card, and, most importantly, free general banking services.

7. Women savings account—FIRST Power

The FIRST Power account honours women and the role they play as architects of society. It offers account holders benefits like Amazon gift vouchers on account opening and monthly spending, Lakme Salon and Spa vouchers, lifetime free health benefits from Health and the Indian Health Organization (IHO), and free personal accident cover of INR 35 lakh and air accident cover of INR 1 crore. 

IDFC FIRST Bank savings accounts offer some of the best interest rates and terms for savings accounts in India. The application process for these accounts is fully digitalized and paperless, ensuring that customers enjoy the most hassle-free experience.

To open an IDFC FIRST Bank savings account, click here.

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.