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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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Open Salary Account Online

An Account That's Aligned to All Your Financial Goals

Salary Account
  • Enjoy Zero Fee Banking on All Salary Account Services Enjoy Zero Fee Banking on All Salary Account Services
  • Earn Monthly Interest Credits on Your Savings Earn Monthly Interest Credits on Your Savings
  • Get Complimentary Times Prime, Swiggy One & Amazon Prime Memberships Get Complimentary Times Prime, Swiggy One & Amazon Prime Memberships

Overview

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!

Features & Benefits | Banking

Experience true savings with best-in-class salary account features

  • Zero Fee Banking on all salary account services like IMPS, RTGS, SMS alerts & more
  • Monthly Interest Credits on your savings
  • Unlimited ATM transactions
  • Access 250+ mobile banking services with India’s #1 mobile banking app*
  • Higher daily POS limit of ₹6 Lakhs
  • Daily ATM limit of ₹2 Lakhs

*As per Forrester Digital Review Functionality: Indian Mobile Banking Applications, Q3 2023

Entertainment

Features & Benefits | Entertainment

Unlock exclusive access to 20+ OTT subscriptions and 40+ brand discounts with Times Prime

  • Access 20+ premium subscriptions like Disney+ Hotstar, Sony LIV, Google One & many more
  • Enjoy exclusive discounts from over 40 brands, such as Myntra, Uber, and Starbucks among other top brands
  • Elevate your lifestyle with exclusive access to events and movie premieres

  • *Terms and conditions
Food order and Dining

Features & Benefits | Food order and Dining

Enjoy the convenience of ordering food and groceries with Swiggy One

  • Unlimited free deliveries on food orders above ₹149
  • Unlimited free deliveries on Instamart orders above ₹199
  • Get additional discounts on online orders
  • Zero surge fee

    *Terms and conditions
Shopping & Entertainment

Features & Benefits | Shopping & Entertainment

Get unlimited entertainment benefits and FREE 1-day delivery with Amazon Prime

  • Free unlimited same-day/1-day delivery
  • Access to HD-quality movies and shows on Prime Video on any one device of your choice (mobile/TV)
  • Early access to deals and shopping events

    *Terms and conditions
Insurance

Features & Benefits | Insurance

Stay protected with complimentary insurance covers

  • Complimentary personal accident insurance cover of ₹50 Lakhs
  • Air accident insurance cover of ₹1 Crore
  • Lost card liability of ₹6 Lakhs
  • Purchase protection of ₹1 Lakh

Applicable only on transactions made using account-linked Debit Card

couple-bikers

Features & Benefits | Travel

Discover new experiences with exciting travel benefits

  • Access to domestic airport lounges, twice every quarter
  • Trip Cancellation benefits of up to ₹50,000
    Flight & Hotel cancellation, valid for both Domestic & International trips
  • Roadside Assistance, 4 times every year
    Towing of Vehicle on breakdown/accident, Alternate Battery or Jump Start, Tyre Change among others
Loyalty Rewards

Features & Benefits | Loyalty Rewards

Get up to 10X Reward Points on your Debit Card transactions

  • 2000 points worth ₹500 on your first Debit Card transaction
  • 1X Reward Point on every ₹150 spent offline (POS)
  • 2X Reward Points on every ₹150 spent online (E-Com)
  • 10X Accelerated Reward Points on incremental monthly spends above ₹20K, ₹100K, ₹150K & ₹200K

    1x = 1 reward point per ₹150 spend & 1 reward point = ₹0.25
Corporate Salary Account with VISA Platinum Debit Card

Features & Benefits | DEBIT CARD

Salary Account with VISA Platinum Debit Card

  • Seamless payments across physical and online merchants
  • Free and unlimited ATM access
  • Enhanced ATM withdrawal and POS limits
  • Dining and other amazing offers

 

Check your eligibility 

eligibility

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

  

Exciting offers on your VISA card

Find out about our minimal and transparent fees & charges

An Account That Empowers You Financially

Salary Account
  • Enjoy Zero Fee Banking on All Salary Account Services Enjoy Zero Fee Banking on All Salary Account Services
  • Earn Monthly Interest Credits on Your Savings Earn Monthly Interest Credits on Your Savings
  • Get Complimentary Times Prime and Swiggy One Memberships Get Complimentary Times Prime and Swiggy One Memberships

Overview

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!

Banking

Features & Benefits | Banking

Experience true savings with best-in-class salary account features

  • Zero Fee Banking on all salary account services like IMPS, RTGS, SMS alerts & more
  • Monthly Interest Credits on your savings
  • Unlimited ATM transactions
  • Access 250+ mobile banking services with India’s #1 mobile banking app*
  • Higher daily POS limit of ₹6 Lakhs
  • Daily ATM limit of ₹2 Lakhs

*As per Forrester Digital Review Functionality: Indian Mobile Banking Applications, Q3 2023 

Entertainment

Features & Benefits | Entertainment

Unlock exclusive access to 20+ OTT subscriptions and 40+ brand discounts with Times Prime

  • Access 20+ premium subscriptions like Disney+ Hotstar, Sony LIV, Google One & many more
  • Enjoy exclusive discounts from over 40 brands, such as Myntra, Uber, and Starbucks among other top brands
  • Elevate your lifestyle with exclusive access to events and movie premieres

    *Terms and conditions
Food order and Dining

Features & Benefits | Food order and Dining

Enjoy the convenience of ordering food and groceries with Swiggy One

  • Unlimited free deliveries on food orders above ₹149
  • Unlimited free deliveries on Instamart orders above ₹199
  • Get additional discounts on online orders
  • Zero surge fee

    *Terms and conditions
Insurance

Features & Benefits | Insurance

Stay protected with complimentary insurance covers

  • Complimentary personal accident insurance cover of ₹35 Lakhs
  • Air accident insurance cover of ₹1 Crore
  • Lost card liability of ₹6 Lakhs
  • Purchase protection of ₹1 Lakh

    Applicable only on transactions made using account-linked Debit Card

Travel

Features & Benefits | Travel

Discover new experiences with exciting travel benefits

  • Access to domestic airport lounges, once every quarter
  • Trip Cancellation benefits of up to ₹25,000
    Flight & Hotel cancellation, valid for both Domestic & International trips
  • Exclusive offers on flight and hotel bookings
Loyalty Rewards

Features & Benefits | Loyalty Rewards

Get up to 10X Reward Points on your Debit Card transactions

  • 2000 points worth ₹500 on your first Debit Card transaction
  • 1X Reward Point on every ₹150 spent offline (POS)
  • 2X Reward Points on every ₹150 spent online (E-Com)
  • 10X Accelerated Reward Points on incremental monthly spends above ₹20K, ₹100K, ₹150K & ₹200K

    1x = 1 reward point per ₹150 spend & 1 reward point = ₹0.25
Corporate Salary Account with VISA Classic Debit Card

Features & Benefits | DEBIT CARD

Salary Account with VISA Classic Debit Card

  • Seamless payments across physical and online merchants
  • Free and unlimited ATM access
  • Enhanced ATM and POS withdrawal limits
  • Dining and other amazing offers

 

Check your eligibility 

eligibility

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

  

Exciting offers on your VISA card

Find out about our minimal and transparent fees & charges

 

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.

Salary Account Blogs

corporate salary account

FEATURED

6 Benefits of the IDFC FIRST Bank Corporate Salary Accounts

Corporate salary accounts are an attractive zero-balance banking option. Learn how IDFC FIRST Bank raises the bar further with features like zero-fee banking, travel and lifestyle benefits, debit card offers and many other exciting salary account features.

Team FinFIRST01 Aug 2024 • 3 mins read

Read Full Story

FREQUENTLY ASKED QUESTIONS

What is a Salary Account?

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.

What is the initial deposit required to open a Salary Account?

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.

What happens if no salary is credited to the account for more than 3 months?

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.

What benefits & features will I get on opening an IDFC FIRST Bank Salary 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

What is the Swiggy One Lite and Swiggy One flagship membership and the eligibility requirement?

Swiggy One is a membership offered by Swiggy that allows customers to order food and groceries without delivery charges. Customers also enjoy additional discounts and restaurant table booking facilities through Dineout feature on Swiggy.

Customers will get a complimentary Swiggy One Lite/Flagship 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 Flagship

Spends worth ₹5,000 in the last three months through the account-linked Debit Card and/or UPI (excluding cash withdrawals and P2P transfers)


AND


Active Salary Account: Salary credit in the last three consecutive months greater than ₹25,000

Spends worth ₹5000 in the last three months through the account-linked Debit Card and/or UPI (excluding cash withdrawals and P2P transfers)


AND


Active Salary Account: Salary credit in the last three consecutive months greater than ₹50,000

 

Redemption: Customers receive the voucher through WhatsApp on their registered mobile number within 30-45 days of meeting the eligibility criteria.

What is the Times Prime membership and what are the eligibility conditions to avail it?

Times Prime is a comprehensive digital membership service that lets you enjoy premium subscriptions like Disney+ Hotstar, SonyLiv, 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: First salary credit above ₹25,000 (either in the month of account opening or in the next two months following the account opening month)

Redemption: Customers receive the voucher through WhatsApp on their registered mobile number within 30-45 days of meeting the eligibility criteria.

What is the Amazon Prime membership and what are the eligibility conditions to avail it?

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: Amazon Prime Membership will be renewed every quarter on salary credits of ₹50,000 or above for 3 consecutive months and deduction of Loan EMI/MF SIP/CC Payment from the IDFC FIRST Bank Salary Account (Total amount Rs 5000 in the last 3 months).

Redemption: Customers receive the voucher through WhatsApp on their registered mobile number within 30-45 days of meeting the eligibility criteria.

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. 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. 

What does Zero Fee Banking mean?

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

What are the documents required to open a 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.

What are the different ways I can add/transfer money to my 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

What are the modes through which I can access and keep track of 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:

- Net Banking

- 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 any one of the following ways:

- Via Net Banking or the IDFC FIRST Mobile Banking App

- By visiting your nearest IDFC FIRST Bank branch

Can I continue using my IDFC FIRST Bank Salary Account if I change my job?

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.

What is the difference between Platinum Plus and Classic Plus Salary Account?

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.

Can I upgrade from Platinum Salary Account to Platinum Plus Salary 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 and Amazon Prime will not apply on upgraded accounts.

Can I upgrade from Classic Salary Account to Classic Plus Salary Account?

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 and Amazon Prime will not apply on upgraded accounts.

What are the benefits of opening a salary account?

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.

What rate of interest can I earn on balances in my IDFC FIRST Bank 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.

What is the amount I need to maintain in a salary account?

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.

Can I use my salary account for other purposes?

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.

What is the salary eligibility for opening a salary account?

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.

Do we get a debit card with a salary account?

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.

Are there any charges for a debit card?

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.

Will I get a cheque book for my salary account?

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.

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