Enjoy Zero Charges on All Commonly Used Savings Account Services
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Open an IDFC FIRST Bank Savings Account and watch your savings grow rapidly by earning interest up to 7% per annum. Plus, enjoy monthly interest credits to reach your financial goals sooner.Read More
With us, you can open a savings account online seamlessly. It takes just a few minutes with our paperless and digital account opening process. What’s more? If you prefer to open a bank account offline, you can simply walk into your nearest branch and do so. Whether you open a bank account online or offline, the benefits you enjoy from your IDFC FIRST Bank Savings Account ensure that you get to save big and meet your financial goals easily.
Each Savings Account variant offers unique benefits to meet our customers' varying financial goals and requirements. You can perform digital transactions more securely and easily. Furthermore, you can unlock greater rewards from your spending and grow your money with high-interest rates and smart investing solutions with an IDFC FIRST Bank Savings Account.Read
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Enjoy Zero Charges on All Commonly Used Savings Account Services. These zero-fee services include bank transfers like IMPS, NEFT, and RTGS, SMS alerts, issuance of a debit card, demand draft, and interest certificate; ATM transactions, and more. Access all essential services with ease without hidden costs.
Experience the peace of mind that a predictable source of additional income provides with monthly interest credits on your savings account balance. The interest is calculated daily, based on your end-of-day balance, and is credited to your account monthly. Enjoy the rewards of your savings more often.
Enjoy competitive interest rates and earn interest on your savings account balance of up to 7% per annum. Such a high interest rate ensures that your money works hard for you. Watch your savings grow rapidly and meet various financial goals with ease.
Transact with ease and access your funds anytime with free and unlimited ATM withdrawals. This ensures that you can maintain complete liquidity and control over your savings account balance.
All the features of an IDFC FIRST Bank Savings Account make it easy to meet your savings goals. With a high interest rate of 7% p.a., monthly interest credits, and enjoy Zero Charges on all commonly used Savings Account services, you save in every way when banking with us. What’s more, the revolutionary mobile banking app helps analyse and plan your finances with tools like expense tracking, cashflow analysis, and more.
Enjoy several discounts and cashback offers on your savings account debit card. From instant discounts and deals on various restaurants and brands, save big each time you spend. IDFC FIRST Bank also has one of the most rewarding loyalty program in place for you. As a FIRST Rewards member, earn points on everyday purchases and redeem them with ease on our portal through various exciting options.
Not only can you open a bank account online with IDFC FIRST Bank, but also bank with ease 24x7 using our intuitive Internet banking platform and mobile banking app. Seamlessly manage your savings account, initiate bank transfers, check balances, and more with our cutting-edge digital solutions. You can track spends, earn rewards, and invest in mutual funds all in just a few clicks. So, with both savings and investing, your savings bank account has got you covered. You can also make use of the cash flow analysis feature that can help you budget and plan financially in a more effective manner.
“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.”
“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.”
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Monday
10% Instant discount on a minimum transaction value of INR 1,750 up to a maximum discount of INR 300
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Wednesday
10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 750
Terms & Conditions
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Friday
Domestic Flights : 12% instant discount up to Rs. 1,200 | Minimum Purchase : Rs. 5,000
International Flights: 10% instant discount up to Rs. 6000 | Minimum Purchase : Rs. 30,000
Domestic Hotels : 20% instant discount up to Rs. 4,800 | Minimum Purchase : Rs. 5,000
Bus : 15% instant discount up to Rs. 500 | Minimum Purchase : Rs. 1,000
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Saturday & Sunday
Flat Rs 75 Off on minimum purchase of INR 499
Terms & Conditions
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Monday
10% Instant discount on a minimum transaction value of INR 1,750 up to a maximum discount of INR 300
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Wednesday
10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 750
Terms & Conditions
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Friday
Domestic Flights : 12% instant discount up to Rs. 1,200 | Minimum Purchase : Rs. 5,000
International Flights: 10% instant discount up to Rs. 6000 | Minimum Purchase : Rs. 30,000
Domestic Hotels : 20% instant discount up to Rs. 4,800 | Minimum Purchase : Rs. 5,000
Bus : 15% instant discount up to Rs. 500 | Minimum Purchase : Rs. 1,000
Offer Details:
(Expires on June 30, 2024)
Offer day: Every Saturday & Sunday
Flat Rs 75 Off on minimum purchase of INR 499
Terms & Conditions
As a FIRST Rewards member, you earn points on everyday purchases made with your IDFC FIRST Bank Debit Card. Redeem them for maximum value from a range of options and partners.
The welcome vouchers/benefits offered upon opening an account have been discontinued w.e.f. 1st July 22
To open a savings account online:
To open a savings account at branch:
- 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
Follow the below steps to open an IDFC FIRST Bank Savings Account:
Step-1: Click on the link to open your Savings Account
Step-2: Fill up your information accurately
Step-3: Select your Savings Account variant
Step-4: Fund your account online
Step-5: Complete your Video KYC now to transact freely
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: www.idfcfirstbank.com/zerofeebanking. These services are being offered free in good faith, and in case of misuse of services, the Bank reserves the right to levy charges. Forex mark-up fee will be applicable on International ATM/POS/Debit card transactions. T&Cs are subject to periodic changes. All rights reserved.
A Savings Account is a product offered by banks to help save money, and earn interest on it. IDFC FIRST Bank offers 24x7 access to your Savings Account so you can access your funds anytime and make withdrawals whenever you need funds.
You can seamlessly open an IDFC FIRST Bank Savings Account both online and offline. To open a savings account online in less than two minutes, click here. If you want to open a savings account offline, simply walk 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. Open a Savings Account in less than 2 minutes here.
To be eligible for IDFC FIRST Bank 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
To open an IDFC FIRST Bank Savings Account, you need the following documents:
- To open savings accounts online: Aadhaar & PAN details
- To open savings accounts at a bank branch:
*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*. Open a Savings Account in 2 minutes here.
*T&C Apply
After successfully opening your IDFC FIRST Bank Savings Account, you will get a personalized cheque book and your Debit Card.
With an IDFC FIRST Bank Savings Account, experience the joy of earning Monthly Interest Credits on your Savings Account. You earn 'interest on interest' with the power of monthly compounding. IDFC FIRST Bank is one of the only universal banks to offer this feature, against the standard practice of crediting interest on your Savings Account every quarter.
Monthly compounding interest payout is better for you than Quarterly interest payout because when you get interest credit in Month 1, the interest for Month 2 is paid on your opening balance + interest received in Month 1 and so on. So, you earn more on your savings!
Can you afford to not have an IDFC FIRST Bank Savings Account? Open a Savings Account in just a few simple steps here.
With IDFC FIRST Bank 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.
Open an IDFC FIRST Bank Savings Account here.
*T&C Apply
The Average Monthly Balance (AMB) you need to maintain in your IDFC FIRST Bank Savings Account would depend on the account variant you have opted for.
Average Monthly Balance in an account is calculated by dividing the sum of each day’s balance in the Account and the number of days in the particular month.
Account Statement Sample | |||||
Transaction Date and Time | Date | Transaction Details | Debit | Credit | Balance (Rs.) |
Opening Balance | 200,000.00 | ||||
11-06-2023 11:01 | 6/11/2023 | EMI Debit 957067 | 50,000.00 | 150,000.00 | |
21-06-2023 13:30 | 6/21/2023 | UPI/MOB/2359575837/UPI | 50,000.00 | 2,00,000.00 |
Descritpion | End of day account balance (Rs.) | Sum of balance (Rs.) |
EOD Balance from 1st June'23 to 10th June'22 | 200000 | 200000 x 10 = 20 lakhs |
EOD Balance from 11th June'23 to 20th June'22 | 150000 | 150000 x 10 = 15 lakhs |
EOD Balance from 21st June'23 to 30th June'22 | 200000 | 200000 x 10 = 20 lakhs |
Sum of end of day balance of all days of the month | 20 lakhs + 15 lakhs + 20 lakhs = 55 lakhs | |
Average Monthly Balance = (Sum of end of day balance of all days of the month) / (no. of days of the month) = 55 lakhs / 30 days = Rs. 1,83,333.33 |
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
You can add funds to your Savings Account by one of the following ways:
- Via any other bank’s NetBanking/Mobile app. Simply add your IDFC FIRST Bank account details – Account number and IFSC code
- Through our Mobile app by clicking on the “Add funds” option which lets you transfer money from your other bank accounts
- Depositing a cheque/cash at any of our branches
- Depositing a cheque (in drop box)/cash at any IDFC first bank ATM
- Using any UPI app using your UPI ID
We offer multiple methods to track your IDFC FIRST Bank Savings Account. Here are a few ways you can do it:
- NetBanking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID
Yes, you can add one nominee to your Savings Account.
You can add a nominee to your Savings Account in one of the following ways:
- At the time of opening your Account
- Via NetBanking and our Mobile App
- By visiting your nearest IDFC FIRST Bank branch
Yes, you can open an IDFC FIRST Bank Savings Account in joint mode of operation by visiting your nearest branch.
The Debit Card you get on opening an IDFC FIRST Bank Savings Account depends on the account variant you've opted for. You can view the benefits offered with each card variant here.
FEATURED
With rapid progress in digital banking, an online savings account today is one of the most sought-after banking products, thanks to a plethora of benefits and conveniences it offers. Read the article below to learn about online savings account, its benefits, speed and ease of services and some helpful tips to operate the account, to get a seamless banking experience.
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