Make your golden years even more special with IDFC FIRST Bank Senior Citizen Savings Account. Enjoy our rate of 6%* per annum, along with a host of benefits, just for you.Read More
Our Senior Citizen Savings Account gives you free doorstep banking, preferential rates on fixed, and recurring deposits and priority service at our branches. Our lifetime IHO (Indian Health Organization) membership gives you unlimited tele-consultation, one-time free health check-up of 61 vital tests, and a free pharmacy voucher worth ₹250. You also get access to our top partner hospitals, diagnostic centres, and home care.Read Less
Choose account balance
Number of years planned for savings
1 Year 50 Year
Choose your existing bank interest rate
2.5 % 6 %
What you earn with IDFC FIRST Bank Savings A/c -
What you currently earn with your existing bank -
What you can earn more with our bank -
"For the past 40 years, I’ve always preferred banking with larger banks until I came across IDFC FIRST Bank’s young, energetic and experienced staff who helped me open up my account. Within a short span, I transferred my family’s banking relationship too. The services are better than many bigger banks and even your staff with its helping attitude offers exclusive attention. Also, your online services provide a better experience."
"I’m a senior citizen, and my experience with IDFC FIRST Bank has been satisfying, especially during the lockdown. Their banking services are easily accessible from the comfort of my home, offer prompt responses and 24x7 customer service that helped me in urgent transactions. Made it easy for the technically-challenged me to invest and monitor my account."
For Physical (you can submit anyone of the following):
Senior Citizen Savings Account can be opened by any individual over 60 years.
Yes, the senior savings account can be opened. However, the primary applicant needs to be 60 years or above
The minimum amount for opening your IDFC FIRST Bank Senior Citizen Account is ₹25000. More is always welcome!
There is a minimum balance requirement of ₹25000 once you open a Senior Citizen Savings Account. Please click here to see the applicable Schedule of Charges
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 the days in the month. That's it!
Interest earned on Senior Citizen Savings Account balance shall be credited to your account on a quarterly basis.
Yes, once the balance in your Senior Citizen Account exceeds ₹75,000, the amount in excess of ₹50,000 can automatically be transferred to a Fixed Deposit for a tenure of 1 year 1 day. The funds are still available to automatically sweep-in, if needed.
IDFC FIRST Bank's Senior Citizen Savings Account is our testament to putting our customers first. We offer 6% p.a on Senior 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 3 months.
Hurry! Make the most of this unique opportunity. Click here to know more.
Please note that senior citizen saving account interest rate are subject to periodic change.