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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Open Completely Digital Savings Account
with IDFC FIRST Bank
Digital Savings Account
Open Completely Digital Savings Account with IDFC FIRST Bank
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Monthly Interest Credit on Savings Account
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Paperless digital A/C opening with Video KYC
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₹6 lakhs daily Purchase limit & ₹2 lakhs daily ATM withdrawal limit
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Unlimited Free ATM transactions at any bank’s ATM
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Monthly Interest Credit on Savings Account
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Paperless digital A/C opening with Video KYC
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₹6 lakhs daily Purchase limit & ₹2 lakhs daily ATM withdrawal limit
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Unlimited Free ATM transactions at any bank’s ATM
Digital Savings Account
Eliminate the need to open a bank account offline. Switch to IDFC FIRST Bank Digital Savings Account and enjoy banking services at your fingertips.Read More
Opening a bank account with IDFC FIRST Bank is secure and reliable. The process is paperless and can be completed through video KYC from the comfort of your home.
You get attractive interest rates and benefits like exciting joining offers, and discounts when you shop online. To register for IDFC FIRST Bank digital savings account all you need is your PAN card and Aadhaar card.Read
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Features and Benefits of IDFC FIRST Bank Digital Savings Account
IDFC FIRST Bank’s digital savings account ensures convenient banking anywhere, anytime. Some of the key benefits include:
Hassle-free fund transfers
Enjoy easy and quick fund transfers through NEFT, RTGS, IMPS and UPI round the clock.
Competitive rate of interest
IDFC FIRST Bank offers competitive interest rates on digital savings accounts compared to conventional savings accounts.
Convenient withdrawals
Withdraw cash from IDFC FIRST Bank ATMs with an exclusive debit card.
Track expenses and check transactions
Using the IDFC FIRST Bank mobile banking app, you can track your expenses and check transactions on the go.
Pay bills conveniently
Log into your mobile banking app and pay your bills like credit card, electricity, and telephone bills instantly.
Debit card for quick access to funds
Use your debit card for online shopping and avail various discounts and offers, available exclusively to IDFC FIRST Bank customers.
Secure and reliable banking
IDFC FIRST Bank keeps your account secure by implementing initiatives such as two-step authentication, chip and pin security for debit cards, and OTP verification.
Easy investment
Invest in fixed deposits, mutual funds, and other savings schemes to grow your wealth using your IDFC FIRST bank savings account.
ELIGIBILITY
Who Can Apply?
Documentation
For Digital Bank Account Opening:
- Aadhaar Number
- PAN number
For Physical Bank Account Opening:
- Passport-size photograph
- If you have a PAN Card, it is mandatory to provide it while opening your account
- Any one of the following document:
- 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.
FREQUENTLY ASKED QUESTIONS
What is a digital savings account?
A digital savings account is a special type of savings bank account that offers all banking services digitally. You can access your funds online, pay at merchants and shops, track expenses and transactions, and pay utility bills online without visiting the branch in person.
How to open an IDFC FIRST Bank Digital Savings Account?
Know the steps how to Open Savings Account:
· Go to the digital savings account application link
· Enter your mobile number and email address
· Enter your Aadhaar or VID (Virtual ID) number and PAN (Permanent Account Number)
· Provide your professional details
· Select your preferred type of savings account and accept the terms and conditions by clicking on the check box
· Click on the ‘Proceed to open account’ button
· Complete the video KYC (Know Your Customer) procedure
· Deposit funds in your bank account and enjoy the digital banking services
What are the benefits of IDFC FIRST Bank Digital Savings Account?
Key benefits of IDFC FIRST Bank Digital Savings Accounts are:
· Access to funds round the clock
· Higher interest rates
· Utility bill payment
· Debit card facility
· Quick fund transfers
· Comprehensive banking services at the fingertips
What is Video KYC? Is it secure?
Video KYC is a virtual process wherein an IDFC FIRST Bank personnel verifies your details over a video call. The KYC process is quick, reliable, and simple. Since the Video KYC process is carried out by an authorised IDFC FIRST Bank professional over a secured channel, your information is completely secure.
What is the difference between a digital account and a normal account?
With a digital savings account, you get comprehensive banking services online, and you don’t need to visit the bank to open an account.
What is a virtual debit card?
As the name suggests, a virtual debit card is not a physical card, and you can access it only digitally. You can use the card number, CVV and pin to make online transactions and purchases.
How do I convert my savings account into a digital savings account?
Every IDFC FIRST bank savings account can be accessed by the account holder through the official website or mobile banking app.
Can I open bank account with Aadhaar card?
Yes, you can open a bank account with your Aadhaar card and PAN card. Thanks to the digital application process provided by IDFC FIRST Bank, all you need to do is simply enter your Aadhaar card number and the bank will take care of the rest!
