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*Offer subject to full KYC completion for Savings Accounts with average monthly balance of ₹25,000
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Our Savings Account is designed to meet your individual needs. We understand the importance of saving for the future, for you and your loved ones. That’s why, IDFC FIRST Bank Savings Account offers one of the best interest rates of up to 7% p.a. You can save more, do more, and live life to the fullest.

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Monthly credit of interest on Savings Accounts
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Up to 7% interest p.a. on Savings Account
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ZERO charges on non-home branch transactions
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ZERO fees on common Savings Account services

Hot Deals on Savings Accounts

15% Instant discount

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10% Instant discount

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Up to 20% Instant discount

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10% Instant Discount upto Rs. 300

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Enjoy Zero Charges on 28 Commonly Used Savings Account Services

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Benefits

  • Free and unlimited ATM transactions: at any bank, anywhere in India
  • Higher-than-average daily purchase limit of ₹6 lakh and daily ATM withdrawal limit of ₹2 lakh
  • Complimentary domestic airport lounge access, once every quarter
  • Free Personal Accident Insurance Cover of ₹35 lakhs and Air Accident Insurance Cover of ₹1 crore
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Fees & Charges

Enjoy Minimal and Transparent Banking with Us!

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Frequently Asked Questions

What is a Savings Account?

A Savings Account is a financial tool offered by banks to help you save money and earn interest on it. It offers 24/7 access to your savings,  so you can deposit and withdraw money anytime. In addition, an IDFC FIRST Bank Savings Account lets you earn interest every month, helping you accelerate your journey of wealth creation.

How does the monthly interest credit for savings account work?

For the convenience of our customers, the Bank credits interest to customer’s accounts on a monthly basis. The earlier facility of interest credit on quarterly basis on savings account has been discontinued from June 30, 2021. The Bank is among the few in the industry to offer monthly interest credit on savings accounts.

How to Open Instant Savings Bank Account Online?

You can open a savings account online in minutes by clicking on the ‘Open Account Now’ button on the IDFC FIRST Bank website. Check the latest updates regarding eligibility and fees here: Savings Account Fees & Charges | IDFC FIRST Bank

What are the different types of Online Savings Account?

• Savings Account with ₹10,000 average monthly balance.

• Savings Account with ₹25,000 average monthly balance.

  Click here to open an account online.

How can one choose the best savings bank account?

Choose and compare Accounts offered by retail banks based on the best interest rates, terms and conditions and services offered. The IDFC FIRST Bank offers industry-best interest rates of up to 6.75%. So, you can save more, do more, and live life to the fullest.

What is the frequency of interest pay-out?
What is the initial pay-in amount required for opening your IDFC FIRST Bank Savings Account?

A minimum amount of ₹25,000 or ₹10,000  is required to open a savings account online with IDFC FIRST Bank. You can choose to open a savings account with higher amount to get better interest earned.

What is the minimum account balance required to be maintained monthly in the IDFC FIRST Bank Savings Account?

The average monthly balance (AMB) with IDFC FIRST Bank required is as follows depending on the variant:

· ₹25,000 AMB OR

· ₹10,000 AMB

Please click here to see the applicable Schedule of Charges.

How is the average monthly balance calculated of my savings account?

Every day, from the 1st to the end of the month, we take the balance in your savings account at the end of the day. We total them all up and divide by the number of days in the month. That’s it!

What are the charges levied for non-maintenance of the average monthly balance of the savings account?

Nominal non-maintenance charges are levied for not maintaining average monthly balance on your savings account. Click here to know more about the applicable non-maintenance charges on your Savings Account.

What are the modes through which one can track IDFC FIRST Bank Savings Account?

Being one of the leading banks for savings accounts in India, we offer multiple methods to track your IDFC FIRST Bank Savings Account. Here are a few ways:

Mobile Banking, Mobile App, Internet banking, WhatsApp and we send monthly email statements to your registered email ID. 

How can I learn more about my IDFC FIRST Bank 6.75% interest savings account?

IDFC FIRST Bank's Savings Account is our testament to putting our customers first. We offer up to 6.75% p.a interest rates on savings account.

What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. That means you earn every single day. We pay out this interest every month.

Hurry! Make the most of this unique opportunity. Click here to know more.

Please note that savings account interest rates are subject to periodic change.

More FAQs

*Offer subject to full KYC completion for Savings Accounts with average monthly balance of ₹25,000. T&C apply.

 

Corporate Office Address: C/61, Bandra Kurla Complex Rd, opposite Trident Hotel, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051