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Savings Account

Our Savings Account with Signature Card is designed to meet your individual needs. We understand the importance of saving for the future, for you and your loved ones. That’s why, IDFC FIRST Bank Savings Account offers an interest rate of up to 6%. So, you can save more, do more, and live life to the fullest.Read More

All this is just moments away because you can open a savings account online in minutes with amazing benefits. Some of the many features and benefits include cashback offer on activation, higher POS limits, free and unlimited ATM transactions, and other benefits. Earn more on your savings with IDFC FIRST Bank.Read Less

₹35 lakhs free personal accident insurance cover | ₹1 Cr free air accident insurance cover

Interest up to 6%

VISA Signature Debit Card with ₹25K average monthly balance

  • 10% cashback on your 1st card payment at merchants transaction, up to ₹250
  • Higher daily purchase limit of ₹6 lakh and higher daily ATM withdrawal limit of ₹2 lakh
  • Free and unlimited ATM transactions: at any bank, anywhere in India
  • Get ₹250 cashback every month on BookMyShow.com

VISA Classic Debit Card with ₹10K average monthly balance

  • Daily cash withdrawal of ₹1 lakh and higher purchase limit of ₹1.5 lakh
  • Personal accident insurance coverage up to ₹2 lakh
  • Lost card liability protection up to ₹50,000
  • 5 Free financial ATM Transactions at IDFC FIRST and 5 Free financial Transactions at Non-IDFC FIRST Bank ATM locations

CALCULATOR

Savings Account Interest Simulator

Choose account balance

1L 2cr

Number of years planned for savings

1 Year 50 Year

Choose your existing bank interest rate

2.5 % 6 %

Simulation Results:

What you earn with IDFC FIRST Bank Savings A/c:

What you earn with your current bank:

How much more do you earn with our bank:

Earn more! Because every rupee counts.

  • Pitruprasad Dash
    Pitruprasad Dash

    "Recently I opened an account with IDFC FIRST Bank. Firstly, in terms of the process to open a savings account, it truly is hassle-free. Thanks for being a step ahead in terms of customer satisfaction and banking services, making it easy for new customers like me. I wish IDFC FIRST Bank a great future and looking forward to a long term association. "

  • Salaried
    Sougata Das

    "I recently opened a Savings Account with IDFC FIRST Bank, and I must tell you that I’m really happy with the features and benefits offered by the savings account. The netbanking services are quite advanced which makes the process easy. Also, IDFC FIRST Bank’s employees are cordial and helpful, making the overall experience a pleasant one."

ELIGIBILITY

Who Can Apply?

  • Indian citizens
  • Residents of India
  • Foreign nationals residing in India and meeting GOI criteria

Documentation

For Digital Account Opening:

  • Aadhaar Number
  • PAN number/ Form 60

For Physical Account Opening(you can submit anyone of the following):

  • Passport-size photograph
  • Aadhaar Card
  • If you have a PAN Card, it is mandatory to provide it while opening your account
  • 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

View Fees & Charges

eligibility image alt

FREQUENTLY ASKED QUESTIONS

What is the frequency of interest pay-out?

Interest earned on your balance is credited to your account on a quarterly basis. 

What is the initial pay-in amount required for opening your IDFC FIRST Bank Savings Account?

A minimum amount of ₹25,000 or ₹10,000  is required to open a savings account online with IDFC FIRST Bank. You can choose to open an account with higher amount to get better interest earned.

What is the minimum account balance required to be maintained monthly in the IDFC FIRST Bank Savings Account?

The average monthly balance required is ₹25,000 or ₹10,000  . Please click here to see the applicable Schedule of Charges. 

How is the average monthly balance calculated of my savings account?

Every day, from the 1st to the end of the month, we take the balance in your account at the end of the day. We total them all up and divide by the number of days in the month. That’s it!

What are the charges levied for non-maintenance of average monthly balance of savings account?

 Click here to know more about the applicable non-maintenance charges on your Savings Account.

What are the modes through which one can track IDFC FIRST Bank Savings Account?

Being one of the leading banks for savings accounts in India, we offer multiple methods to track your IDFC FIRST Bank Savings Account. Here are a few ways:

Mobile Banking ,Mobile App, Internet banking, WhatsApp, Watch banking and we send monthly email statements to your registered email ID. 

 

How can I learn more about my IDFC FIRST Bank 6% interest savings account?

IDFC FIRST Bank's Savings Account is our testament to putting our customers first. We offer 6% p.a on savings account for balances up to ₹1 Cr.

What's more! You earn this interest on your entire balance, starting from the first rupee. That means you earn every single day. We pay out this interest every quarter.

Hurry! Make the most of this unique opportunity. Click here to know more.

Please note that interest rates are subject to periodic change.

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FEATURED

Enjoy a host of benefits with a digital savings bank account

IDFC FIRST Bank offers a new-age digital savings bank account for customers who use their smartphone for all things financial - right from making a transaction to handling investments. With IDFC FIRST Bank’s digital savings bank account, you can become the holder of a savings bank account instantly with only a few taps on your phone screen.

IDFC FIRST BankMar 25 • 3 mins read

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