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A zero-balance account is a type of bank account where you do not need to maintain a minimum balance for operating it. With IDFC FIRST Bank, you can open a zero-balance salary account and enjoy full access to funds as long as your monthly salary is being credited. It allows you to manage your finances more effectively without the constraint of maintaining a certain balance. This account is particularly beneficial for employees, offering the flexibility to use their entire salary without the concern of incurring penalties for low balances.Read
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IDFC FIRST Bank’s Zero balance account is an excellent choice due to its attractive features and benefits, including seamless online account opening, digital banking services that you avail free of charge, a range of exclusive offers on top brands, and superior customer support. Read less
No minimum balance requirement
You are not required to maintain any specific balance with any type of salary account with IDFC FIRST Bank, providing financial flexibility and peace of mind.
Choose from multiple account variants
Choose an account type that suits your financial aspirations with IDFC FIRST Bank’s Platinum Plus and Classic Plus Salary Accounts. They come with unique features like zero fee on all common banking services, higher withdrawal and purchase limits, insurance benefits, and a lot more.
Free Debit Card with every account
Enjoy a free debit card with enhanced security features and higher transaction limits of up to ₹6 lakhs per day, making your transactions safe and convenient.
Unlimited ATM withdrawals across all networks
Access your funds without worrying about extra charges, as this account offers unlimited ATM withdrawals across all bank ATMs in India.
Comprehensive insurance coverage for account holders
Be financially covered with extensive insurance coverage such as an air accident cover worth ₹1 crore, personal accident cover of up to ₹50 lakhs, lost card liability covers worth up to ₹6 lakhs, and purchase protection worth up to ₹1 lakh.
Seamless digital banking services anytime, anywhere
Benefit from 24/7 access to banking services through IDFC FIRST Bank's user-friendly mobile app and net banking platform.
With no minimum balance requirement, you can use your entire salary without the risk of penalties, giving you complete control over your finances.
The zero balance account opening process is streamlined and can be done online, ensuring that you can set up your account quickly and efficiently.
With IDFC FIRST Bank Zero balance accounts, you enjoy daily ATM withdrawal limits of ₹2 lakhs to access your funds anytime anywhere.
IDFC FIRST Bank offers a variety of exclusive deals on grocery, entertainment, and travel expenses as well as discounts to zero balance salary account holders.
Get rewarded for every debit card transaction. Earn 10X accelerated reward points on incremental monthly spends above ₹20K, and 2000 points worth ₹500 on your first debit card transaction
As a salary account holder, you enjoy complimentary memberships on digital platforms such as:
o Times Prime membership for 1 year on your first salary credit above ₹25K
o Swiggy One Flagship membership every quarter on spends of ₹5000 (UPI/DC) & salary credits for 3 consecutive months to your IDFC FIRST Bank Salary Account
o Amazon Prime membership, renewed every quarter based on 3 months of regular salary credits & Standing Instructions (MF SIP/ EMI/ CC Payments) of minimum ₹5,000
Eligibility for Platinum Plus Account
Eligibility for Classic Plus Account
Documents for Online Account Opening
Documents for Offline Account Opening
Disclaimer: This account will remain a ZERO balance account till the time salary is getting credited. If the salary is not getting credited you are required to maintain the average monthly balance.
A Zero balance account is a type of bank account that does not require you to maintain a minimum balance. This means you can use the entire amount deposited in your account without worrying about penalties for not maintaining a minimum balance.
To be eligible for a Zero balance account with IDFC FIRST Bank, you must be a salaried employee working with an organisation that has a corporate salary relationship with the bank. Additionally, your salary must meet the minimum threshold set by the bank for salary account holders.
Opening an IDFC FIRST Bank Zero balance salary account online is a simple and quick process. You can visit the IDFC FIRST Bank website or download the mobile banking app. Follow the step-by-step instructions, provide the necessary details, and upload the required documents. Once your application is verified, your account will be activated, and you can start enjoying the benefits of a zero-balance account while accessing your salary seamlessly for monthly expenses.
No, there are no charges for not maintaining a minimum balance in a zero-balance account as long as your salary is credited to the account.
To open an IDFC FIRST Bank Zero balance salary account online, you will only need your PAN, Aadhaar card number, and a valid official email id.
All salary accounts from IDFC FIRST Bank are zero balance accounts if your salary is being credited to your bank account. You don’t need to take any additional steps for converting it to zero balance account.
No, there is no limit on the number of transactions you can complete with a zero-balance salary account. You can freely access your funds and make transactions as needed without any restrictions.
Yes, IDFC FIRST Bank offers special deals and discounts with its Zero Balance Account, which is a feature of the Salary Account. These benefits include discounts on shopping, dining, travel, subscriptions to digital platforms, and more. The bank frequently updates these offers, so it's a good idea to check the latest deals available to you.
To transfer your salary account from another bank to IDFC FIRST Bank, you will need to open a new Zero balance salary account with IDFC FIRST Bank. Once your account is active, inform your employer of the new account details, so your salary can be credited to the new account. You may also need to submit a bank account change form to your HR department.
If your employment status changes, your Zero balance salary account may be converted to a regular savings account, depending on the bank's policy. It's advisable to inform the bank of any changes in your employment status to understand how it may affect your account.
No, there are no restrictions on the number of withdrawals you can make from a Zero balance account. You can withdraw funds as needed without worrying about limits.
Yes, IDFC FIRST Bank provides Platinum Plus and Classic Plus debit cards without any charges with a Zero balance account for salaried.
If you lose your debit card, immediately report the loss to IDFC FIRST Bank's customer service or block the card using the bank's mobile app or internet banking. The bank will issue a replacement card, ensuring that your account remains secure.
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When choosing a zero-balance salary account, evaluate key factors such as interest rates, digital banking services, and customer service efficacy to make an informed decision. IDFC FIRST Bank Salary Accounts offers zero fee banking on all banking services and monthly interest credits to help maximise your earnings. When choosing a salary account, it is important to look beyond just the convenience of a no minimum balance requirement. A holistic perspective to choosing a salary account is key to achieving great financial health in the long term.
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