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IDFC FIRST Bank Zero Balance Account – The Ideal Salary Account


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 More

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

Find out about our minimal and transparent fees & charges

View Fees & Charges

Features of Zero balance account

Zero-fee banking
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.

Multiple account variants
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. 

Complimentary debit card
Complimentary debit card

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
Unlimited ATM withdrawals

Access your funds without worrying about extra charges, as this account offers unlimited ATM withdrawals across all bank ATMs in India.

Comprehensive insurance
Comprehensive insurance

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.

Digital banking services

Benefit from 24/7 access to banking services through IDFC FIRST Bank's user-friendly mobile app and net banking platform.

Benefits of Zero balance account

Financial flexibility

With no minimum balance requirement, you can use your entire salary without the risk of penalties, giving you complete control over your finances.

Ease of account opening

The zero balance account opening process is streamlined and can be done online, ensuring that you can set up your account quickly and efficiently.

Higher cash withdrawal limit

With IDFC FIRST Bank Zero balance accounts, you enjoy daily ATM withdrawal limits of ₹2 lakhs to access your funds anytime anywhere.

Access to exclusive offers

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.

Loyalty benefits

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

Additional benefits

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

Benefits of Zero balance account for Employer

Employee satisfaction: Offering a zero-balance salary account ensures employees are not burdened by minimum balance requirements, leading to higher satisfaction and morale.

Streamlined payroll process: The zero balance account opening process online simplifies the payroll process, making it easier to manage salaries and other payments.

Cost-effective: Employers can reduce administrative costs related to account management, as zero balance accounts are typically easier to maintain.

Attractive employee benefit: Providing a zero-balance salary account as part of the employment package can be a valuable perk for attracting top talent.

Enhanced financial well-being: Employers contribute to the financial well-being of their employees by ensuring they have access to a flexible and beneficial banking option

Eligibility Criteria & Documents Required To open a Zero balance account

Eligibility Criteria

Eligibility Criteria for Platinum Plus Salary Account

  • 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

Eligibility Criteria for Classic Plus Salary Account

  • 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

Documentation

For online application:

  • To open a zero-balance salary account online, you need your PAN and Aadhaar Card Number

For offline application

  • Proof of identity: A valid government-issued ID such as an Aadhaar card, passport, or PAN card
  • Proof of address: Utility bills, rental agreements, or any other document recognised by the bank as valid proof of residence.
  • Employment proof: Recent salary slips or an employment letter from your organisation.
  • Passport-sized photograph: A recent passport-sized photo for account documentation.

Savings Account Eligibility


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.

Frequently Asked Questions

What is a Zero balance account?

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. 

Who is eligible to open a Zero balance account?

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.

How can I open an IDFC FIRST Bank Zero balance account online?

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.

Are there any charges for not maintaining a minimum balance in a Zero balance account?

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.

What documents are required to open a Zero balance account online?

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.

Can I convert my existing salary account to a Zero balance account?

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. 

Is there a limit on the number of transactions in a 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.

Can I access internet and mobile banking with a Zero balance account?

IDFC FIRST Bank provides full access to internet and mobile banking with a Zero balance account. You can manage your account, transfer funds, pay bills, and perform other banking activities conveniently through the bank's digital platforms.

Are there any special offers or discounts available with a Zero balance account?

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.

How can I transfer my salary account from another bank to IDFC FIRST Bank?

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.

What happens to my Zero balance account if my employment status changes?

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.

Are there any restrictions on the number of withdrawals from a Zero balance 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.

Can I get a debit card with a Zero balance account?

Yes, IDFC FIRST Bank provides Platinum Plus and Classic Plus debit cards without any charges with a Zero balance account for salaried. 

What should I do if I lose my debit card linked to my Zero balance account?

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.

More FAQs

Salary Account Blogs

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How to convert a Savings Account to a Salary Account

A salary account is a zero-balance savings account that banks open upon the request of organisations for payment of salaries, to employees.

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