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Make your golden years even more special with IDFC FIRST Bank Senior Citizen Savings Account. Enjoy our rate of 5%* 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
For Physical (you can submit anyone of the following):
Senior Citizen Savings Account can be opened by any individual over 60 years.
For the convenience of our customers, the Bank will credit interest to customers’ savings accounts on a monthly basis. The earlier facility of interest credit on quarterly basis on savings accounts will be discontinued from June 30, 2021. The Bank is among the few in the industry to offer monthly interest credit on savings accounts.
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!
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 monthly 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 5% p.a on Senior Savings account.
What's more, you earn this interest on progressive balances in each interest rate slab, as applicable. That means you earn every single day. We pay out this interest every month.
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.