What's special about us
Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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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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Automatically transfer idle funds in your Savings Account to an FD and earn higher interest with Auto-Sweep facility.
Get #MoreFromYourBank
Automatically transfer idle funds in your Savings Account to an FD and earn higher interest with Auto-Sweep facility.
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Earn up to 7% p.a. interest on your Savings Account
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Monthly Interest Credit on Savings Account
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Sweep-out & Sweep-in facility available
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Free & unlimited ATM withdrawals
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Earn up to 7% p.a. interest on your Savings Account
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Monthly Interest Credit on Savings Account
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Sweep-out & Sweep-in facility available
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Free & unlimited ATM withdrawals
Open an Auto-Sweep Savings Account
Open an IDFC FIRST Bank Savings Account with Auto-Sweep facility and watch your savings grow rapidly.
With the Auto-Sweep facility, your idle funds in the savings account will be automatically transferred to a Fixed Deposit. What’s more? Funds are automatically transferred back into your Savings Account when the balance falls below the required Average Monthly Balance of Rs. 25,000. Plus, enjoy monthly interest credits to help reach your financial goals sooner. Read More
Enjoy Zero Charges on All Commonly Used Savings Account Services. With us, you can bank at ease, knowing there are no hidden charges for essential services like IMPS, RTGS, NEFT, cash deposits, cheque book re-issuance, SMS alerts, and many others.
Ready to get on an accelerated savings journey? Open an Auto-Sweep Savings Account with IDFC FIRST Bank today!Read
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₹35 lakhs free personal accident insurance cover | ₹1 Cr free air accident insurance cover
Interest up to 7%
Savings Account Interest Stimulator
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Pitruprasad Dash
“Recently I opened a savings account with IDFC FIRST Bank. Firstly, in terms of the process to open savings account, it is truly hassle-free. Thanks for being 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.”
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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 bank. The netbanking services are quite advance which makes the process easy. Also, the IDFC FIRST Bank employees are cordial and helpful, making the overall experience a pleasant one.”
VISA Platinum Debit Card – ₹25k Average Monthly Balance with Auto-Sweep
- Free and unlimited ATM transactions: at any bank, anywhere in India
- Higher daily purchase limit of ₹6 lakh and higher daily ATM withdrawal limit of ₹2 lakh
- Complimentary domestic airport lounge access, once every quarter
- Free Personal Accident Insurance Cover of ₹35 lakhs and Air Accident Insurance Cover of ₹1 crore
Hot Deals on Savings Accounts
12% discount on Yatra
Offer Details:(Expires on March 31, 2024)
Domestic Flights: 12% instant discount up to ₹1,200, Minimum Purchase : ₹5,000
International Flights: 10% instant discount up to ₹6,000, Minimum Purchase : ₹30,000
Domestic Hotels: 20% instant discount up to ₹4,800, Minimum Purchase : ₹5,000
15% discount on Zomato
Offer Details:(Expires on March 31, 2024)
15% Instant discount up to Rs. 125 at select restaurants & Get flat Rs. 75 off on other restaurants on orders above ₹499
Terms & Conditions
- Offer applicable only on weekend and once per user per month
- Offer applicable on minimum transaction value of Rs. 499
- Other T&Cs may apply
10% discount on Myntra
Offer Details:(Expires on March 31, 2024)
10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 1000 every Wednesday
Terms & Conditions
- Offer applicable once per user per month
- Offer applicable on minimum transaction value of Rs. 2500
- Other T&Cs may apply
10% discount on Ajio
Offer Details:(Expires on March 31, 2024)
10% Instant Discount up to Rs. 1000
Terms & Conditions
- Offer applicable only on Wednesday and once per user per month
- Offer applicable on minimum Order Value Rs. 3999
- Other T&Cs may apply
12% discount on Yatra
Offer Details:(Expires on March 31, 2024)
Domestic Flights: 12% instant discount up to ₹1,200, Minimum Purchase : ₹5,000
International Flights: 10% instant discount up to ₹6,000, Minimum Purchase : ₹30,000
Domestic Hotels: 20% instant discount up to ₹4,800, Minimum Purchase : ₹5,000
15% discount on Zomato
Offer Details:(Expires on March 31, 2024)
15% Instant discount up to Rs. 125 at select restaurants & Get flat Rs. 75 off on other restaurants on orders above ₹499
Terms & Conditions
- Offer applicable only on weekend and once per user per month
- Offer applicable on minimum transaction value of Rs. 499
- Other T&Cs may apply
10% discount on Myntra
Offer Details:(Expires on March 31, 2024)
10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 1000 every Wednesday
Terms & Conditions
- Offer applicable once per user per month
- Offer applicable on minimum transaction value of Rs. 2500
- Other T&Cs may apply
10% discount on Ajio
Offer Details:(Expires on March 31, 2024)
10% Instant Discount up to Rs. 1000
Terms & Conditions
- Offer applicable only on Wednesday and once per user per month
- Offer applicable on minimum Order Value Rs. 3999
- Other T&Cs may apply
Introducing the most Rewarding Loyalty Program
As a FIRST Rewards member, you earn points on everyday purchases made with our Debit Card. Redeem them any way you like using multiple options and partners on our portal.
Redeem Now!
Monthly Interest Credit on your Savings Accounts
- Earn interest on interest with IDFC FIRST Bank
- Monthly interest credits versus the industry norm of quarterly interest credit
ELIGIBILITY
Who Can Apply?
Documentation
- Passport-size photograph
- If you have a PAN Card, it is mandatory to provide it while opening your account
- Any one of the following documents:
- Aadhaar Card
- 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
Disclaimer : With IDFC FIRST Bank Savings Accounts, enjoy Zero Charges on all commonly used Savings Account services w.e.f. 1st March 2024. For list of such services, charges and applicable T&Cs, visit: https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/fees-and-charges. These services are being offered free in good faith, and in case of misuse of services, the Bank reserves the right to levy charges. T&Cs are subject to periodic changes. All rights reserved.
FREQUENTLY ASKED QUESTIONS
What is a Savings Account with Auto-Sweep facility?
A Savings Account with Auto-Sweep facility is a product that combines the benefits of a traditional savings account with those of a fixed deposit. In such a savings account, balance above the predetermined threshold limit is automatically transferred to a fixed deposit to help you earn higher interest on your funds. IDFC FIRST Bank offers an Auto-Sweep Savings Account, allowing you to earn more on your surplus funds without having to compromise on liquidity.
What do I get on opening an IDFC FIRST Bank Savings Account?
After successfully opening your IDFC FIRST Bank Savings Account, you will get a personalized cheque book and your Debit Card.
You will also get access to a range of banking services along. The best part? Enjoy Zero Charges on All Commonly Used Savings Account Services. These include services like IMPS, NEFT, RTGS, ATM transactions, Cheque book issuance, SMS alerts and more.
*T&C Apply
How will the auto-sweep facility function?
Whenever the balance in the Savings Account goes above ₹50,000, the balance above ₹50,000 will get auto swept-out to a Fixed Deposit as below:
• FD tenure - 370 days
• FD created in multiples of ₹1,000
• FD Creation frequency - Daily at end of day
• Maturity instruction of FD – Auto renewal
• Max Single FD limit - ₹1.99 Cr
Whenever the balance in the Savings Account falls below the required Average Monthly Balance i.e., ₹25,000, funds from the Fixed Deposit will be transferred to the Savings Account to always maintain ₹25,000 balance in the Savings Account. Auto sweep-in will function as below:
• Sweep-in (FD Break) multiple of – ₹1
• FD Breaking method – Last in First Out (LIFO)
• Pre-mature FD break Penalty - No Penalty
• Minimum Sweep in limit for linked SA - FD sweep in is activated once SA balance falls below min. AMB i.e., ₹25,000
How can I open an IDFC FIRST Bank Auto-Sweep Savings Account?
You can open an IDFC FIRST Bank Auto-Sweep Savings Account by simply walking in to your nearest IDFC FIRST Bank branch.
Did you know? IDFC FIRST Bank offers Monthly Interest Credits on Savings Account, as against quarterly interest payouts offered by most banks.
What documents do I need to open a Savings Account?
The documents required to open an IDFC FIRST Bank Savings Account are minimal. You only need:
• A passport-sized photo
• PAN/Form 60
• Proof of Identity & Address like Aadhaar Card, Passport, Valid Driving License, Voter ID, etc.
IDFC FIRST Bank offers ZERO charges on all Saving Account services like IMPS, NEFT, RTGS, ATM transactions, Cheque book issuance, SMS alerts and more at ZERO CHARGES*.
*T&C Apply
Who is eligible to open an Auto-Sweep Savings Account?
To be eligible for the IDFC FIRST Bank Auto-Sweep Savings Account, you should be above 18 years of age and belong to one of the below categories:
• Indian citizens
• Residents of India
• Foreign nationals residing in India and meeting the Government of India criteria
What does the Zero Charges feature mean?
With IDFC FIRST Bank’s Auto Sweep Savings Account, you pay Zero Charges on all commonly used Savings Account services like IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and more.
You can know more about services offered at Zero Charges here: https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/fees-and-charges
T&C Apply
What is the Average Monthly Balance I would be required to maintain in an IDFC FIRST Bank Savings Account with Auto-Sweep facility?
The Average Monthly Balance (AMB) you need to maintain in an Auto-Sweep Savings Account is ₹25,000.
Will I be charged any fees/penalty for non-maintenance of Average Monthly Balance in the Auto-Sweep Savings Account?
Yes, there are nominal charges levied for not maintaining Average Monthly Balance on your Savings Account. Click here to know more about the applicable non-maintenance charges on your Savings Account.
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