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Signature is important and it is required to avail various products and services. To upload your signature
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3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
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2. Scroll down to "Track my service requests" to find all your requests
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account NowEnjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply NowGet the assured, FD-backed FIRST Ea₹n Credit Card
Apply NowEarn up to 7.25% p.a. interest during your golden years
Presenting IDFC FIRST Bank Senior Citizen Savings Account
Earn up to 7.25% p.a. interest during your golden years
Presenting IDFC FIRST Bank Senior Citizen Savings Account
Complimentary health benefits for 1 year with MediBuddy
Cyber Insurance of up to Rs. 2 lakhs;
Auto Sweep-out & Sweep-in facility available
Free Doorstep Banking & Priority treatment at branches
Complimentary health benefits for 1 year with MediBuddy
Cyber Insurance of up to Rs. 2 lakhs;
Auto Sweep-out & Sweep-in facility available
Free Doorstep Banking & Priority treatment at branches
Make your golden years even more rewarding with the IDFC FIRST Bank Senior Citizen Savings Account. Enjoy a competitive interest rate of up to 7.25% per annum, along with a wide range of exclusive benefits tailored just for you.Read More
With our Senior Citizen Savings Account, you’ll enjoy free doorstep banking, preferential rates on fixed and recurring deposits, and priority service at all our branches. Now, it's easier than ever to manage your finances — just open a Senior Citizen Savings Account online and experience the convenience and special perks designed for effortless banking in your golden years.Read Less
₹35 lakhs free personal accident insurance cover | ₹1 Cr free air accident insurance cover
Interest up to 7.25%
Note: This benefit is available on new accounts opened w.e.f. 1st Jan’24
Customers will be eligible for MediBuddy subscription only post-activation of Netbanking or Mobile Banking.
The free IHO health membership being offered on new account opening has been discontinued w.e.f. 9th Jan’23.
For Digital Bank Account Opening:
For Physical Bank Account Opening:
- 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.
A Senior Citizen's Savings Account is a Savings Account especially for custoners above the age of 60 years.
You can open an IDFC FIRST Bank Senior Citizen Savings Account if you are an Indian Citizen, residing in India and above the age of 60 years.
You can open an IDFC FIRST Bank Savings Account in one of the following ways:
- Simply walk in to your nearest IDFC FIRST Bank branch
- Open an online Savings Account in less than two minutes (Click here to open a Savings Account)
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 online in less than 2 minutes here.
Yes, you can open a Senior Citizen Savings Account with a Senior Citizen in joint mode, even if you are below the age of 60 years. The Senior Citizen, however, would need to be the primary applicant.
To open a Senior Citizen Savings Account online, you only need your Aadhaar number & PAN
If you choose to open your account at your nearest branch, you will need the following:
Passport-size photograph
PAN
Identity proof such as Aadhaar Card, Passport, Voter’s Identity Card, Driving Licence, etc.
You can check out the detailed list here.
In case you opt for auto sweep facility, funds in savings account above defined threshold will be converted to a fixed deposit in multiples of Rs. 1,000 for tenure of 370 days so that you earn higher rate of interest.
The Sweep-In facility ensures whenever funds in your Savings Account are running low for any transaction or purchase, the deficit amount is automatically transferred from your Fixed Despoit back to your Savings Account.
If you've opted for Sweep-Out, Sweep-In facility is enabled on your Savings Account by default.
Let's understand how the Sweep-In facility works: A Sweep-Out FD of ₹1,00,000 was created with the idle funds in your Savings Account. The balance in your account is now ₹50,000 and you issue a cheque of ₹85,000. In such a case, the deficit amount of ₹35,000 will automatically be transferred back to your Savings Account. Additionally, ₹50,000 will also be transferred to your Account, since that is the Sweep-Out limit you have opted for.
The interest rate on your Senior Citizen Savings Account would vary depending on the balance slab in which your Average Monthly Balance falls. You can visit this page to know more about the latest interest rates offered by IDFC FIRST Bank
Interest earned on your IDFC FIRST Bank Senior Citizen Savings Account balance is credited to your account on a monthly basis.
We offer Monthly Interest Credits on your Average Monthly Balance, as opposed to the common practice of crediting interest on a quarterly basis by most banks.
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 interest. 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.
The initial pay-in amount would depend on the Senior Citizen Savings Account variant you have opted for, i.e. ₹10,000 or ₹25,000.
You can choose to open an account with higher Average Monthly Balance to earn higher interests on your savings.
You would need to maintain the Average Monthly Balance required as per the variant of Senior Citizen Savings Account you have opted for - ₹10,000 or ₹25,000. Please click here to see the applicable Schedule of Charges.
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
Every day, from the 1st to the end of the month, we take the balance in your Savings Account at the end of the day. We total them all up and divide by the number of days in the month. That’s it! Example: Lets consider a month of 30 days.
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 |
With IDFC FIRST Bank Savings Account you pay Zero Charges* All commonly used Savings Account services IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and more. We have been offering these services for free to customers maintaining Average Monthly Balance as low as ₹10,000, for the past 4 years.
You can know more about services offered at Zero Charges here: www.idfcfirstbank.com/zerofeebanking
Open an IDFC FIRST Bank Savings Account here.
*T&C Apply
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 IDFC FIRST Bank Senior Citizen Savings Account
You can add funds to your Senior Citizen 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
Yes, you can add a nominee to your IDFC FIRST Bank Senior Citizen Savings Account.
You can add a nominee to your Senior Citizen 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
You can choose to open an IDFC FIRST Bank Senior Citizen Savings Account under one of the below modes of operation:
- Singly
- Jointly
- Either or Survivor
- Former or Survivor
We offer multiple ways to track your IDFC FIRST Bank Senior Citizen Savings Account, such as:
- NetBanking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID