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Enjoy Zero Charges on All Commonly Used Savings Account Services
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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.
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FinFIRST Blogs
Savings Account
IDFC FIRST Bank and everything about the types of savings accounts
Summary: Discover various types of savings accounts offered by IDFC FIRST Bank and how they can benefit you. Learn how to choose the saving account types that best fit your financial goals, help build long-term wealth and save on many service charges and fees. Read on for more.
Looking to level up your savings? Look no further than IDFC FIRST Bank's Savings Accounts! Whether you're a new account holder or opening a second one, learn everything about different types of savings accounts that offer excellent features and benefits that can help you grow your wealth and achieve your financial goals.
From competitive interest rates to 24X7 digital banking tools, their different types of savings account are designed to match every account holder’s convenience and success in mind.
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In this article, we'll dive deep into the different types of savings accounts available at IDFC FIRST Bank, highlighting the savings account features and benefits of each.
Overview |
Benefits |
Fees & Charges |
Debit Cards |
Savings Account - Rs 25000 AMB variant |
• Competitive interest rates of up to 7.25% • Easy and convenient online account opening • Higher POS limits for more flexibility • Free and unlimited ATM transactions • Access to a wide range of financial products and services • Mobile and internet banking for easy account access • Personalised customer service |
• Zero charges on 28 commonly used savings account services* • Maintain Rs 25,000 balance to continue enjoying free transactions without additional fees. • For a full list of charges, click here |
• VISA Platinum Debit Card • Free and unlimited ATM transactions across banks in India • Higher daily purchase limit of Rs 6 lakhs and daily ATM withdrawal limit of Rs 2 lakhs • Complimentary domestic airport lounge access, once every quarter • Free Personal Accident Insurance Cover of Rs 35 lakhs and Air Accident Insurance Cover of Rs 1 crore |
Corporate Salary Account |
• Up to 7.25% interest rate • Minimal and transparent fees • Free general banking services • Unlimited ATM transactions • Zero charges for fund transfers • Instantly open an Employee Reimbursement Account online • Existing debit cards are automatically linked. • Single login to view Salary & ERA details.
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• A zero-balance account if your salary is regularly credited • No minimum balance is required if your salary is credited regularly • If there is a gap in salary credits or if you do not receive any salary, you will need to maintain the average monthly balance specified by the bank • For a full list of charges, click here. |
• Corporate Salary Account with VISA Platinum Debit Card • Free Personal Accidental Insurance Cover (death or permanent disability) of Rs 35 lakhs • Free Air Accident Insurance cover of Rs 1 crore
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Minor Under Guardian Savings Account with Visa Platinum Debit Card |
• Interest rates up to 7.25% • Unlimited free fund transfers • Free VISA Debit Card • Unlimited free ATM transactions at IDFC FIRST Bank ATMs • Sweep out facility |
• Zero charges on 28 commonly used savings account services* • No average monthly balance requirement |
• Minor's Savings Account with VISA Platinum Debit Card • Free unlimited ATM transactions nationwide • Complimentary airport lounge access every quarter. • Free Personal Accident Insurance Cover of Rs 35 lakhs and Air Accident Insurance Cover of Rs 1 crore |
FIRST Power – Women Savings Account with Rs 25,000 AMB
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• Up to 7.25% interest rate • Complimentary Lakme Salon & Spa gift vouchers • Free and unlimited ATM transactions across all banks in India • Earn gift vouchers worth Rs 500 on your monthly spends |
• Zero charges on 28 commonly used savings account services* • Maintain Rs 25,000 balance to continue enjoying free transactions without additional fees • To know more, click here |
• FIRST Power with VISA Signature Debit Card • Average monthly balance of Rs 25,000 • Higher purchase and ATM withdrawal limits of Rs 6 lakhs and Rs 2 lakhs • Unlimited free ATM transactions* nationwide • Free Personal Accident Insurance Cover of Rs 35 lakhs* and Air Accident Insurance Cover up to Rs 1 crore • 50% discount on 1st year locker rentals |
Also read - High interest and other must-have benefits in a Savings Account
Conclusion
So, whether you're saving up for a rainy day or planning for the long term, with these types of savings accounts, rediscover how IDFC FIRST Bank can help you get there faster and smarter! Click here to make the most of these savings account benefits today.
Disclaimer
*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.
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.
