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IDFC FIRST Bank Salary Accounts offer a rewarding banking experience tailored to meet your lifestyle. Grow your savings faster with zero fee banking on all salary account services, higher interest rates on savings, and monthly interest credits. That’s not all, access over 250 banking services at your fingertips with our mobile banking app – rated the #1 banking app in India.
Get started today - open your salary account online in a few simple steps!
*As per Forrester Digital Review Functionality: Indian Mobile Banking Applications, Q3 2023
Applicable only on transactions made using account-linked Debit Card
To open a Platinum Plus Salary Account you need to fulfil the following eligibility criteria:
A net monthly salary credit of minimum ₹50,000 per month
You should be an Indian citizen residing in India OR a foreign national residing in India, fulfilling the GOI criteria
Have valid proofs of identity and employment
IDFC FIRST Bank Salary Accounts offer a rewarding banking experience tailored to meet your lifestyle. Grow your savings faster with zero fee banking on all salary account services, higher interest rates on savings, and monthly interest credits. That’s not all, access over 250 banking services at your fingertips with our mobile banking app – rated the #1 banking app in India.
Get started today - open your salary account online in a few simple steps!
*As per Forrester Digital Review Functionality: Indian Mobile Banking Applications, Q3 2023
Applicable only on transactions made using account-linked Debit Card
To open a Classic Plus Salary Account you need to fulfil the following eligibility criteria:
A net monthly salary credit of minimum ₹25,000 per month
You should be an Indian citizen residing in India OR a foreign national residing in India, while fulfilling the GOI criteria
Have valid proofs of identity and employment
Pay instantly for any online transaction with your Credit Card Reward Points and for offline transactions too, at select merchants.
• Get gift cards or memberships of your favourite brands.
• Check out our unique Credit Card Reward Redemption Catalogue page for updates
Earn forever and Redeem anytime, anywhere with IDFC FIRST Bank credit cards
• Usually, other credit cards charge a standard and fixed interest rate as high as 42% p.a. , in case you carry forward your outstanding balance beyond the payment due date.
• IDFC FIRST Bank Credit Cards offer low and dynamic interest rates starting from 9% per annum. The interest rates stated are typically ‘yearly’ rates, also known as the annual percentage rate (APR). No Interest is charged if you repay your balance in full, each month by the due date. We recommend that you always pay Total Amount Due of your credit card to avoid any charges. Paying Minimum Amount Due each month is mandatory.
IDFC FIRST Bank Credit Cards offer ATM cash withdrawals at 0% interest until your due date.
• Usually, other credit cards charge interest from date of withdrawal with interest rates as high as 3.5% per month along with withdrawal fee of ₹500.
• With IDFC FIRST Bank offering India’s best credit card interest rates, you pay zero interest until your due date for payment and at a flat transaction fee of just ₹199/- only.
• Avail Emergency Roadside Assistance worth ₹1,399 with your credit card – in case of an unfortunate & unforeseen event like a breakdown or a road accident.
• Avail 24*7 Roadside Assistance (RSA) anywhere, anytime by calling our RSA partner, Global Assure on 1800 572 3860 (toll free)
• Avail 4 complimentary RSA services in a year
• This is available on all IDFC FIRST Bank Credit Cards
Pay instantly for any online transaction with your Credit Card Reward Points and for offline transactions too, at select merchants.
• Get gift cards or memberships of your favourite brands.
• Check out our unique Credit Card Reward Redemption Catalogue page for updates
Earn forever and Redeem anytime, anywhere with IDFC FIRST Bank credit cards
• Usually, other credit cards charge a standard and fixed interest rate as high as 42% p.a. , in case you carry forward your outstanding balance beyond the payment due date.
• IDFC FIRST Bank Credit Cards offer low and dynamic interest rates starting from 9% per annum. The interest rates stated are typically ‘yearly’ rates, also known as the annual percentage rate (APR). No Interest is charged if you repay your balance in full, each month by the due date. We recommend that you always pay Total Amount Due of your credit card to avoid any charges. Paying Minimum Amount Due each month is mandatory.
IDFC FIRST Bank Credit Cards offer ATM cash withdrawals at 0% interest until your due date.
• Usually, other credit cards charge interest from date of withdrawal with interest rates as high as 3.5% per month along with withdrawal fee of ₹500.
• With IDFC FIRST Bank offering India’s best credit card interest rates, you pay zero interest until your due date for payment and at a flat transaction fee of just ₹199/- only.
• Avail Emergency Roadside Assistance worth ₹1,399 with your credit card – in case of an unfortunate & unforeseen event like a breakdown or a road accident.
• Avail 24*7 Roadside Assistance (RSA) anywhere, anytime by calling our RSA partner, Global Assure on 1800 572 3860 (toll free)
• Avail 4 complimentary RSA services in a year
• This is available on all IDFC FIRST Bank Credit Cards
25% discount on movie tickets up to ₹100 (valid once per month)
Complimentary Domestic Airport Lounge access , once every quarter
Category |
Annual Spends in (₹) |
Savings (₹) |
Fuel |
60,000 |
2,100 |
HP Pay Savings |
900 |
|
Welcome Benefit-1 (Fuel Cashback) |
250 |
|
IDFC FASTag Recharge |
6,000 |
150 |
Grocery & Utility |
24,000 |
600 |
Other Spends |
18,000 |
60 |
Annual Fee Waiver |
|
199 |
Welcome Benefit-2 (EMI Cashback) |
20,000 |
1,000 |
Complimentary Roadside Assistance |
|
1,399 |
Offer discount - ZoomCar rentals |
1000 |
|
Total |
1,28,000 |
7658 |
Fuel worth in litres @ ₹105 |
|
72.9 |
Assuming monthly spends of ₹5000 on Fuel, ₹500 on IDFC FASTag, ₹2000 on Utility & Grocery, ₹1000 on other spends (excluding Insurance, EMI, Cash withdrawal),₹20,000 from other spends converted to EMI.
Category |
Annual Spends in (₹) |
Savings (₹) |
Fuel |
1,20,000 |
6,000 |
HP Pay Savings |
1,800 |
|
Welcome Benefit 1 – (Fuel Cashback) |
1,800 |
|
IDFC FASTag Recharge |
12,000 |
600 |
Grocery & Utility |
24,000 |
1,200 |
Other Spends |
24,000 |
120 |
Annual Fee Waiver |
- |
499 |
Welcome Benefit 2 - (EMI Cashback) |
20,000 |
1000 |
Complimentary Roadside Assistance |
- |
1,399 |
Offer Discount – Zoomcar Rentals |
- |
1,000 |
Movie Discount |
- |
1200 |
Complimentary Dom. Airport Lounge Access |
- |
3,600 |
Total |
2,00,000 |
20,218 |
Fuel worth (@ ₹105) |
|
192.5 litres |
Assuming monthly spends of ₹10,000 on Fuel, ₹1000 on IDFC FASTag, ₹2000 on Utility & Grocery, ₹2000 on other spends (excluding Insurance, EMI, Cash withdrawal),₹20,000 from other spends converted to EMI.
NOTE: We have revamped the Corporate Salary Proposition from 1st June 2024. Kindly click here to check out the erstwhile Platinum and Classic Account offering.
FEATURED
For government employees, gratuity is fully exempt from tax. Private-sector employees can claim exemptions of up to ₹20 lakh if covered by the Payment of Gratuity Act, 1972. Any amount over the exemption limit is taxable as per the applicable provisions of the Income Tax Act, 1961. To grow your gratuity amount quickly, open a high-interest savings account with IDFC FIRST Bank and enjoy interest rates up to 7.25% p.a. along with monthly interest credits.
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A Salary Account is a type of zero-balance savings account to which an employer deposits an employee’s monthly salary. IDFC FIRST Bank Salary Accounts offer 24x7 access to your account through net banking and an advanced mobile banking app. Our mobile banking app 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.
The IDFC FIRST Bank Salary Account requires no minimum balance as long as your salary is regularly credited to it. If no salary is credited for more than three months, you are required to maintain the Average Monthly Balance (AMB) as per the account variant, otherwise applicable charges will be incurred on the account.
If no salary is credited for three or more months, you are required to maintain the Average Monthly Balance (AMB) as per your account variant, otherwise applicable charges will be incurred on the account.
You can enjoy a superior banking experience with an IDFC FIRST Bank Salary Account with benefits such as:
- Zero Fee Banking on All Salary Account services such as IMPS, NEFT, RTGS, ATM transactions, Debit Card, SMS Alerts & 30 more services
- Monthly Interest Credits, so you can earn 'interest on interest’
- Attractive interest rates on your savings, so you can earn more
- Access 250+ mobile banking services the IDFC FIRST Mobile Banking app, India’s No.1 mobile banking App
- Complimentary Times Prime Yearly membership
- Complimentary Swiggy One & Amazon Prime membership
- Airport Lounge Access and Trip Cancellation benefits (both Flight & Hotel)
- Higher Personal Accident and Air Accident Cover with your Debit Card
Swiggy One Lite is a membership offered by Swiggy that allows customers to enjoy 10 free deliveries on food orders & groceries. Customers also receive up to 30% extra discounts across 20,000+ restaurants over and above the regular offers.
Customers will get a complimentary Swiggy One Lite quarterly membership (renewed every 3 months based on eligibility conditions).
Fulfillment Conditions
| Classic Plus Salary Account | Platinum Plus Salary Account |
| Swiggy One Lite | Swiggy One Lite |
DC & UPI Spends worth ₹5000 at merchant establishment in the last three months through IDFC FIRST Bank Salary A/C. P2P transfers through UPI & cash withdrawal through ATM will not be considered. – Renewed quarterly.
|
DC & UPI Spends worth ₹5000 at merchant establishment in the last three months through IDFC FIRST Bank Salary A/C. P2P transfers through UPI & cash withdrawal through ATM will not be considered. – Renewed quarterly.
|
Redemption: Customers receive the voucher through WhatsApp on their registered mobile number within 30-45 days of meeting the eligibility criteria.
The voucher will be available for redemption for 60 days after receiving. Post this, the bank will not entertain any queries regarding the same.
Times Prime is a comprehensive digital membership service that lets you enjoy premium subscriptions like Disney+ Hotstar, YouTube Premium, EazyDiner, Google One, ET Prime among 20+ subscriptions. Additionally, get exclusive offers and discounts from brands like Myntra, Uber, Urban Company, etc.
Customers will get the complimentary Times Prime membership only for the first year of onboarding.
Eligibility Conditions: Download and activate IDFC FIRST Bank Mobile Banking App within first 3 month of account opening.
Customer should have an active salary account (>25K)
Redemption: Customers receive the voucher through WhatsApp on their registered mobile number within 30-45 days of meeting the eligibility criteria.
The voucher will be available for redemption for 60 days after receiving. Post this, the bank will not entertain any queries regarding the same.
Amazon Prime is a membership that offers free same day/next day delivery, early access to sales, access to Prime Video and Prime Music, among other Amazon services.
Customers will get a complimentary Amazon Prime quarterly membership (renewed every 3 months based on eligibility conditions).
Eligibility Conditions: Payment of Loan EMI or CC bill from IDFC FIRST Bank Salary A/C. Payment amount >₹5000 will be considered (3 months cumulative) – Renewed quarterly.
AND
Active Salary Account: Salary credit in last 3 consecutive months (>50k)
Redemption: Customers receive the voucher through WhatsApp on their registered mobile number within 30-45 days of meeting the eligibility criteria.
The voucher will be available for redemption for 60 days after receiving. Post this, the bank will not entertain any queries regarding the same.
With an IDFC FIRST Bank Salary Account, experience the joy of earning monthly interest credits on your Salary Account. With this feature, 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, contrary to the standard practice of crediting interest to your Salary Account every quarter.
Monthly interest payouts are better than quarterly interest payouts, because when you get interest credited in Month 1, the interest in 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.
IDFC FIRST Bank offers Zero Fee Banking with its Salary Accounts, which lets you enjoy 36 Salary Account services like IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and many more at Zero Charges.
Know more about Zero Fee Banking here: https://www.idfcfirstbank.com/zerofeebanking-salary-account
You can open your IDFC FIRST Salary Account both online and at a bank branch. Here are the documents you need:
Offline: To open a Salary Account at a bank branch, you need an Aadhaar and PAN card along with proof of employment. Valid proof of employment includes your:
i.Employee ID Card issued by the corporate where you are currently working.
ii.Self-attested appointment Letter issued by the corporate where you are currently working.
iii.Letter / Email issued by Employer where you are currently working.
Click here to find your nearest IDFC FIRST Bank branch.
Online: To open a Salary Account online, you require an Aadhaar and PAN card, along with a valid official email address.Click on this link to open an account.
You can add funds to your Salary Account through the following ways:
- Any bank’s Net Banking/mobile app. Simply add your IDFC FIRST Bank account details (Account number and IFSC code)
- The IDFC FIRST Mobile Banking app by clicking on the “Add funds” option which lets you add / transfer money from your other bank accounts
- Deposit a cheque at any of our branches
- Deposit a cheque at any IDFC FIRST Bank ATM
- Using any UPI app connected to your UPI ID
We offer multiple methods to track your IDFC FIRST Bank Salary Account. Here are a few ways you can do it:
- Net Banking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID
Yes, you can add 1 nominee to your Salary Account.
You can add a nominee to your Salary Account in any one of the following ways:
- Via Net Banking or the IDFC FIRST Mobile Banking App
- By visiting your nearest IDFC FIRST Bank branch
Yes, you can continue using your Salary Account with IDFC FIRST Bank if your new employer has a banking relationship with IDFC FIRST Bank. You can speak to your company’s HR team and get your existing IDFC FIRST Bank Salary Account mapped to the payroll system.
Platinum Plus and Classic Plus are two different variants of Salary Accounts.
- Customer with monthly salary of ₹15,000 to ₹50,000 are eligible to open a Classic Plus Account.
- Customer with monthly salary greater than ₹50,000) are eligible to open a Platinum Plus Account.
You may visit the nearest branch, fill the account upgrade form and get your account upgraded from Platinum to Platinum Plus Salary Account. Benefits like Times Prime, Swiggy One Lite and Amazon Prime will not apply on upgraded accounts.
You may visit the nearest branch, fill the account upgrade form, and get your account upgraded from Classic Salary Account to Classic Plus Salary Account. Benefits like Times Prime, Swiggy One Lite and Amazon Prime will not apply on upgraded accounts.
Opening a Salary Account with IDFC FIRST Bank offers a range of benefits, including zero balance requirements, attractive interest rates, and free unlimited ATM transactions across India and zero fees on all common banking services. You can also enjoy domestic airport lounge access, cashback offers on debit card spends, complimentary personal accident insurance, trip cancellation benefits, and preferential rates on loans. This account helps you bag exclusive access to 20+ OTT subscriptions, and 40+ brand discounts with Times Prime, apart from unlocking Swiggy One & Amazon Prime memberships. Depending on your needs, you can opt from two salary account variants, the Platinum Plus and Classic Plus Salary Account.
With an IDFC FIRST Bank Salary Account, you earn one of the highest interest rates in the industry. Navigate to the interest rates section to know the exact interest earnings based on the funds in the account. The interest rate is calculated daily and credited to your account monthly, ensuring maximum returns on your savings.
Like most salary accounts, the IDFC FIRST Bank Salary Account requires no minimum balance as long as your employer credits your salary to that account. If the employer does not credit any salary for more than three months, you must maintain the AMB (average monthly balance) as per the account variant, otherwise charges will be incurred on the amount.
Yes, your IDFC FIRST Bank Salary Account can be used for various purposes, including making online payments, transferring funds, and setting up automatic bill payments, investing in FDs, RDs, mutual funds, and more. It functions like a regular savings account with added benefits.
To be eligible for IDFC FIRST Bank’s Salary Accounts, you need to fulfil the following salary criteria:
· Platinum Plus Salary Account: You need to have at least ₹50,000 credited in your account every month.
· Classic Plus Salary Account: You need to have at least ₹25,000 credited in your account every month.
Yes, you receive a debit card with your salary account. The IDFC FIRST Bank Platinum Plus and Classic Plus Salary Accounts offer visa debit cards with various benefits, including cashback offers on purchases and higher withdrawal limits, and insurance benefits like purchase protection and lost card liability cover.
No, there are no charges for the debit card provided with your IDFC FIRST Bank Salary Account. It is issued free of cost, and you can enjoy all associated benefits without any hidden fees.
Yes, you get a complimentary cheque book with your IDFC FIRST Bank Salary Account. You can request additional cheque books free of charge if required.