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
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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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Start Your Own Business
Starting one’s own business venture is a dream for many. In the process you can discover and learn new facets about consumers, employees, and the economy. However, there are also several challenges when starting your business. Raising funds is the most significant hurdle, as businesses require heavy investment.
A passive income stream can help you address this problem. You can use your second income source to grow your business exponentially.
Benefits of Joining
Zero investment, uncapped earnings
Weekly payout directly to your bank account
Quick disbursement with zero physical documentation
Dedicated support through Relationship Manager & central helpline
Track your cases directly on the app
Opportunity to work directly with IDFC FIRST Bank and participate in recognition programs
Importance of individual business ventures in India
Individual business ventures, a.k.a. start-ups in general are vital for economic prosperity. They employ lakhs of professionals and contribute to the country’s GDP. The startup ecosystem can also make Indian self-reliant. Seeing the value of startups, the Indian Government has also taken measures to help them succeed.
The government’s help can catalyse individual business venture growth and help with wealth creation. You, as an entrepreneur, can get easy access to funds and quick and convenient registration.
Benefits of startups in India
The central government facilitates startups through multiple programs. The objective is to nurture innovative ideas. You benefit from legal support, fast-track patent applications, credit guarantee, grants, tax exemptions, recognitions, exit processes, academic support, and opportunities in events to showcase talent.
Entrepreneurs can also get self-certifications and compliance with labour laws enabled through the ‘Shram Suvidha’ portal.
Why choose a referral program for startups?
The more you refer, the larger the earnings. You can earn a substantial amount with the IDFC FIRST Bank MyFIRST Partner refer and earn app. You can receive a flat 1.5% commission of the disbursed loan amount, credited on a weekly basis to your bank account. In addition, you get chances to become a branch, regional, zonal, or national best, where you can earn attractive rewards like merchandise, gadgets, and trophies. The refer and earn program is easy money for individuals looking for a side income.
A dedicated relationship manager and client acquisition support are there to help you with your queries and concerns regarding the referral program.
How to use the IDFC FIRST Bank MyFIRST App to grow your startup business?
Growing a startup requires funds. Using the IDFC FIRST Bank MyFIRST Partner App, you can earn additional income and raise capital from other means. To participate in this referral program, you need to download the IDFC FIRST Bank MyFIRST Partner App and register for free.
Here are the steps to make a side income through this referral app:
Step 1
Download the MyFIRST Partner App
Step 2
Register using PAN, Address proof and Bank details
Step 3
Sign-up and get your digital id instantly
Step 4
Refer and track loan application of your customer
Eligibility for startup business owners to become an IDFC FIRST Bank MyFIRST Partner
Startup business owners looking to participate in the IDFC FIRST Bank MyFIRST Partner Referral Program must meet the following eligibility criteria:
• Applicant needs to be 18 years old or above
• Applicant must be an Indian national or resident
• Applicant must hold an active bank account in any Indian bank
Why become an IDFC FIRST Bank MyFIRST Partner
Registering on the IDFC FIRST Bank MyFIRST Partner App makes you a referral partner with IDFC FIRST Bank. Your job is to look for people who require a personal loan, used car loans, business loan, loan against property, and savings account. You can help people get personal loans of up to ₹1 crore based on their eligibility.
Frequently Asked Questions
How can I start my own business with no money?
Become a partner by applying for the IDFC FIRST Bank MyFIRST Partner Referral Program. Earn extra money when a potential client opts for a personal loan, used car loan, business loan, loan against property, or savings account. This amount can go towards starting a business even with zero savings.
What business should I start as a beginner?
Photography, fashion designing, mobile apps, customised gifting solutions, social media consultants, pet care/pet food, courier services, baking/chocolate making, etc. are simple and low-investment business ideas in India.
What is a referral program in business?
A referral program is among the best ways to generate passive income. Refer a personal loan, used car loan, business loan, loan against property, and savings account within your circle. You get a specific commission as a percentage of the amount your referees choose . Then you can use this commission amount for own business needs.
How can I grow my business through referrals?
Referral programs work as an additional income without investment. Download the IDFC FIRST Bank MyFIRST Partner App and sign up for free. Become an IDFC FIRST Bank MyFIRST Partner and earn 1.5% on every loan disbursal.
You can earn more than ₹1 lakh per month and use this money to cater to diverse business expenses without using your savings. More than 7 lakh people have already registered for free to meet their personal or business commitments.
How do you run a referral program?
Register on the IDFC FIRST Bank MyFIRST Partner App. Refer people and assist them in their loan procedure. Help them with application filing and document verification. You can earn significant money since there is no cap on referrals.
How do I start a referral-based business?
Partner with a bank to sign up for their refer and earn program. Encourage people to take up a personal loan, used car loan, business loan, loan against property, or open a savings account, earn your commission on every successful loan disbursaland build an substantial secondary income. It can be used to supplement yourinvestments, helping you meet your current business needs and/or future expansion plans
How does a referral business work?
Sign up as an IDFC FIRST Bank MyFIRST Partner. It can act as a side hustle and help meet your monthly expenses. The second income source can also create savings, support your family, build investments, or tick off startup requirements.