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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Earn a higher interest rate of up to 7% p.a.
with FIRST Power Savings Account
Offers & benefits curated specially for women
Earn a higher interest rate of up to 7% p.a.
with FIRST Power Savings Account
*TnC Apply
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Monthly Interest Credit on Savings Account
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Free & unlimited ATM
transactions at any
bank’s ATM in India -
₹6 lakhs Purchase limit & ₹2 lakhs daily ATM withdrawal limit
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Monthly Interest Credit on Savings Account
-
Free & unlimited ATM
transactions at any
bank’s ATM in India -
₹6 lakhs Purchase limit & ₹2 lakhs daily ATM withdrawal limit
FIRST Power
At IDFC FIRST Bank, we believe that happy, financially sound women are the architects of a better society & a better future. Read More
That is why FIRST Power is curated to give special emphasis on your financial wellbeing.Read Less
₹35 lakhs free personal accidental insurance | ₹1 Cr free air accident insurance cover
Interest up to 7%
FIRST Power with VISA Signature Debit Card
Average monthly balance of ₹25,000
- Higher purchase and ATM withdrawal limits (₹6 lakhs/₹2 lakhs)
- Unlimited free ATM transactions* at any bank, anywhere in India
- Air accident cover up to ₹1 Cr and free personal accident insurance of ₹35 lakhs*
- 50% discount on 1st year locker rentals
FIRST Power with VISA Classic Debit Card
Average monthly balance of ₹10,000
- Daily ATM cash withdrawal limit of ₹1 lakh and higher purchase limit of ₹4 lakhs
- Free and unlimited ATM transactions at any bank, anywhere in India
- Free Personal Accident Insurance Cover of ₹5 lakhs and Air Accident Insurance Cover of ₹30 lakhs
- Lost card liability protection of up to ₹4 lakhs
- 25% discount on 1st year locker rentals
Complimentary Health Benefits for 1 year with MediBuddy
- Free Unlimited Online General Physician Consultation for complete family (up to 4 people)
- Special Discounts across network Pharmacies up to 15% on all medicine orders
- Free Full Body Health checkup covering 50+ parameters such as kidney function tests, complete blood count tests, Glucose Fasting (FBS) - Sodium Flouride and more
- Wallet amount worth Rs. 500
Note: This benefit is available on new accounts opened w.e.f. 1st Jan’24
Monthly Interest Credit on your Savings Accounts
- Earn interest on interest with IDFC FIRST Bank
- Monthly interest credits versus the industry norm of quarterly interest credit
The Lakme salon & spa offer and the monthly debit card spends offer have been discontinued w.e.f. 1st Aug’23.
ELIGIBILITY
Who Can Apply?
- Indian citizens
- Residents of India
- Foreign nationals residing in India and meeting GOI criteria
- For females above 18 years of age
Documentation
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.
FEES & CHARGES
Find out about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
What is Women Savings Account?
The IDFC FIRST Bank Women Savings Account - FIRST Power, is a curated offering for women which aims to provide the best of services in banking and exclusive offers on lifestyle, dining, shopping, travel and more.
How can I open an IDFC FIRST Bank FIRST Power Savings Account?
You can open an IDFC FIRST Bank FIRST Power Savings Account by 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.
What is the eligibility criteria for opening FIRST Power Savings Account with IDFC FIRST Bank Savings Account?
To be eligible for IDFC FIRST Bank FIRST Power Savings Account, you must be a woman 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 GOI criteria
What are the documents required for opening FIRST Power Savings Account with IDFC FIRST Bank Savings Account if I am currently not employed?
To open an IDFC FIRST Bank FIRST Power Savings Account, you need the following documents:
* Passport-sized photo
*PAN/Form 60
* Proof of Identity & Address like Aadhaar Card, Passport, Valid Driving License, Voter ID, etc.
IDFC FIRST Bank offers 28 commonly used Savings 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
What are the benefits of having IDFC FIRST Bank FIRST Power Savings Account?
You can enjoy a superior banking experience with an IDFC FIRST Bank FIRST Power Women's Savings Account with benefits such as:
o Attractive interest rates on your savings so you can earn more
o Zero charges on 28 commonly used Savings Account services like IMPS, NEFT, RTGS, ATM transactions, Cheque book issuance, SMS alerts, Cash transactions, etc..
o Monthly Interest Credits so you can earn 'interest on interest'
o Higher Personal Accident and Air Accident Cover with your Debit Card
o Exciting offers on food, shopping, travel, & more with your Debit Card and much more
What is the interest rate offered with IDFC FIRST Bank FIRST Power Savings Account?
The interest rate offered on your FIRST Power Savings Account would vary depending on the balance slab in which your Account balance falls. You can visit this page to know more about the latest interest rates offered by IDFC FIRST
What is the frequency of interest pay-out in the IDFC FIRST Bank FIRST Power Savings Account?
Interest earned on your IDFC FIRST Bank FIRST Power Savings Account balance is credited to your account on a monthly basis.
We offer Monthly Interest Credits, as opposed to the common practice of crediting interest on a quarterly basis by most banks.
How does the Monthly Interest Credits feature work and how will I benefit from it?
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.
What is the initial pay-in amount required for opening an IDFC FIRST Bank FIRST Power Savings Account?
The initial pay-in amount would depend on the FIRST Power Savings Account variant you have opted for - ₹10,000 or ₹25,000.
You can choose to open an account with higher initial funding to earn higher interests on your savings.
What is the minimum account balance required to be maintained monthly in the IDFC FIRST Bank FIRST Power Savings Account?
You would need to maintain the Average Monthly Balance required as per the variant of FIRST Power Savings Account you have opted for - ₹10,000 or ₹25,000. Please click here to see the applicable Schedule of Charges.
How would the Average Monthly Balance of my FIRST Power Savings Account be calculated?
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 |
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Are there any fees & charges associated with IDFC FIRST Bank FIRST Power Savings Account?
With IDFC FIRST Bank Savings Account you pay Zero Charges* on 28 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
Open an IDFC FIRST Bank Savings Account here.
To know about the fees & charges, please click here
*T&C Apply
Will I be charged any fees/penalty for non-maintenance of Average Monthly Balance in the FIRST Power Savings Account?
Yes, there are nominal charges levied for not maintaining Average Monthly Balance on your FIRST Power Savings Account. Click here to know more about the applicable non-maintenance charges on your IDFC FIRST Bank Women Savings Account
What are the different ways I can add money/transfer funds to my 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 Savings Account details – Account number and IFSC code
- Through the “Add funds” option in our Mobile app which lets you add 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
Is nomination facility available with an IDFC FIRST Bank FIRST Power Savings Account?
Yes, you can add a nominee to your IDFC FIRST Bank FIRST Power Savings Account.
How can I add a nominee to my IDFC FIRST Bank FIRST Power Savings Account?
You can add a nominee to yourFIRST Power 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
What are the modes of operating my IDFC FIRST Bank FIRST Power Savings Account?
You can choose to open an IDFC FIRST BankFIRST Power Savings Account under one of the below modes of operation:
- Singly
- Jointly
- Either or Survivor
- Former or Survivor
What are the ways through which I can track my IDFC FIRST Bank Senior Citizen Savings Account?
We offer multiple ways to track your IDFC FIRST Bank FIRST Power Savings Account, such as:
- NetBanking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID
What Debit Card will I get with my IDFC FIRST Bank Savings Account?
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.
