What's special about us
Zero Charges on 28 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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Enjoy monthly interest credits with your IDFC FIRST Bank Corporate Salary account
Maximize your earning with 7% interest p.a.*
Enjoy monthly interest credits with your IDFC FIRST Bank Corporate Salary account
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₹35 lakhs free personal accident insurance cover
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Enjoy monthly interest credits with your IDFC FIRST Bank Corporate Salary account
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Zero Balance Account with unlimited ATM access
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₹35 lakhs free personal accident insurance cover
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Enjoy monthly interest credits with your IDFC FIRST Bank Corporate Salary account
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Zero Balance Account with unlimited ATM access
Corporate Salary Account
IDFC FIRST Bank Corporate Salary Account lets you maximize your income and enjoy a variety of benefits. Our company offers a high interest rate, free general banking services, unlimited ATM transactions, no charges for fund transfers, and much more, all of which are designed to maximize your returns and meet your daily needs.Read More
Get access to your funds anywhere anytime and stay on top of your expenses with high withdrawal limits and purchase limits. We offer free online payments and money transfers on the go, along with amazing deals on food and beverages for a seamless shopping experience. We provide coverage for personal accident death cover of Rs. 35 lakhs and air accidents of up to ₹1 Crore to ensure complete peace of mind.
There's more! You can open our Employee Reimbursement Account instantly through Internet Banking. It's a Savings Account, and it earns interest.Read
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₹35 lakhs free personal accident insurance cover | Free air accident insurance cover
Interest up to 7%
Features and Benefits of IDFC FIRST Bank Salary Account
Grow your personal savings with a high-interest salary account
Earn monthly interest credits for enhanced savings
Keep what you earn with no minimum balance requirements
Get attractive discounts and offers on dining, food, and beverages with IDFC FIRST Bank Debit Card
Enjoy free and unlimited access to ATMs across the country
Take advantage of exclusive VISA privileges with your debit card
Stay insured against mishaps with personal accident and air accident coverages
Corporate Salary Account With VISA Platinum Debit Card
- Free Personal Accidental Insurance Cover (death or permanent disability) of ₹35 lakhs
- Free Air Accident Insurance cover of ₹1 Cr
Corporate salary account with Visa Classic debit card
- Daily cash withdrawal of ₹1 lakh and higher purchase limit of ₹4 lakh
- Personal accident insurance coverage up to ₹5 lakh
- Lost card liability protection up to ₹4 lakh
Salary account with amazing benefits
Enjoy exciting dining deals on delicious food and beverages with your IDFC FIRST Bank Debit Card
Free Personal Accidental Insurance Cover (death or permanent disability) of ₹35 lakhs
Free & unlimited ATM access
The on-boarding vouchers/benefits offered in the first 30 days post Salary Account opening have been discontinued w.e.f .1st July'22
Travel Benefits
Flight & Hotel cancellation up to Rs. 25,000/-
- Valid for both Domestic & International sector
Travel Insurance worth 5,000 USD on International trip
- Loss of Checked in Baggage, Delay of checked in Baggage, Delay in Flight, Missed Connecting Flight, Loss of Passport & travel related documents
Road-Side assistance to Card holder 4/year
- Towing of Vehicle on breakdown/accident , Alternate Battery or Jump Start, Tyre Change among Others
Our partners enjoy banking with us
ELIGIBILITY
Who Can Apply?
Documentation
For Digital Bank Account Opening:
- Aadhaar number
- PAN number/ Form 60
For Physical Bank Account Opening:
- Passport-size photograph
- If you have a PAN Card, it is mandatory to provide it while opening your account
- Any one of the following document:
- Aadhaar Card
- Passport
- Voter’s Identity Card (Election Card)
- Permanent and valid driving license with photograph
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name and address.
FEES & CHARGES
Find out about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
What is a Salary Account?
A Salary Account is a type of Zero Balance Savings Account, where an employer deposits monthly salary of an employee to the Bank Account. IDFC FIRST Bank Salary Accounts offer 24x7 access to your Account through NetBanking/ Mobile Banking App. It allows you to track spends, earn rewards, check your risk profile, invest in Mutual Funds in a click, experience Google-like search, cash flow analysis and much more.
What is the initial pay-in amount required to open a Salary Account?
The IDFC FIRST Bank Salary Account is a Zero Balance Account as long as salary is being credited in your salary account. No initial pay-in amount is required to open Salary Account. However, if salary credit has been stopped due to any reason for three or more months, then you are required to maintain Average Monthly Balance (AMB) as per the account variant, otherwise applicable charges will be levied.
What happens if salary credit from employer is not received in the account for more than 3 months?
If salary credit has been stopped due to any reason for three or more months, then you are required to maintain Average Monthly Balance (AMB) as per the account variant, otherwise applicable charges will be levied.
Can I continue with my IDFC FIRST Bank Salary Account, if I change my job?
Yes, you can continue with your existing Salary Account with IDFC FIRST Bank if your new employer has a banking relationship with IDFC FIRST Bank. You can check the same with your company HR and can get your IDFC FIRST Bank Salary Account mapped to the payroll system.
What benefits & features would I get on opening an IDFC FIRST Bank Salary Account?
You can enjoy a superior banking experience with IDFC FIRST Bank Salary Account with benefits such as:
- Attractive interest rates on your savings, so you can earn more
- Zero charges on 28 commonly used Salary Account services like IMPS, NEFT, RTGS, ATM transactions, cheque book issuance, SMS alerts, cash transactions, etc.
- Monthly Interest Credits, so you can earn 'interest on interest'
- Higher Personal Accident and Air Accident Cover with your Debit Card
- Exciting offers on food, shopping, travel, & more with your Debit Card
and much more
How does the Monthly Interest Credits feature work and how will I benefit from it?
With an IDFC FIRST Bank Salary Account, experience the joy of earning Monthly Interest Credits on your Salary Account. You earn 'interest on interest' with the power of monthly compounding. IDFC FIRST Bank is the first universal bank in India to provide this feature, against the standard practice of crediting interest on your Salary Account every quarter.
Monthly compounding interest payout is better for you than Quarterly interest payout because when you get interest credit in Month 1, the interest for Month 2 is paid on your opening balance + interest received in Month 1 and so on. So, you earn more on your savings!
Interest will be calculated on progressive balances in each interest rate slab, as applicable. Please note, interest rates are subject to periodic change. Can you afford to not have an IDFC FIRST Bank Salary Account?
What does the Zero Charges feature mean?
With IDFC FIRST Bank Salary Account you can enjoy ZERO Charges on 28 commonly used Salary Account services like IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and more. You can know more about services offered at Zero Charges here:
What are the documents required to open a Salary Account?
To open a Salary Account, you require Aadhar Card and PAN Card along with proof of employment, which can be offer letter, Company ID card, or pay slips.
What are the different ways I can add money/transfer funds to my account?
You can add funds to your Salary Account by one of the following ways:
- Via any other bank’s NetBanking/Mobile app. Simply add your IDFC FIRST Bank account details – Account number and IFSC code
- Through our Mobile app by clicking on “Add funds” option which lets you add transfer money from your other bank accounts
- Depositing a cheque at any of our branches
- Depositing a cheque at any IDFC FIRST Bank ATM
- Using any UPI app using your UPI ID
What are the modes through which I can access and keep a track on transactions in my IDFC FIRST Bank Salary Account?
We offer multiple methods to track your IDFC FIRST Bank Salary Account. Here are a few ways you can do it:
- NetBanking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID
Can I add a nominee to my Salary Account? How many nominees can I add?
Yes, you can add 1 nominee to your Salary Account.
How can I add a nominee to my IDFC FIRST Bank Salary Account?
You can add a nominee to your Salary Account in one of the following ways:
- Via NetBanking or Mobile Banking App
- By visiting your nearest IDFC FIRST Bank branch
Salary Account Blogs
FEATURED
What is a salary account
A Salary Account is a type of Savings Account for salaried individuals that has some specific features and benefits, apart from helping the individual to save money on a regular basis. Learn more about Salary Account in detail in this article.
Team FinFIRST10 Dec 2023 • 3 mins read
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How to save money from your salary each month
10 Dec 2023 • 3 mins read
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How to open a salary account
10 Dec 2023 • 3 mins read
