Annual Report FY 2023
Zero Charges on 28 Commonly Used Savings Account Services
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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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Seamless & Paperless account opening
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No account opening charges
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No AMC for the first year
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Seamless & Paperless account opening
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No account opening charges
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No AMC for the first year
Individual Instant Demat Account
Start enjoying a hassle-free investing experience and long-term financial growth in just a matter of clicks. Hold all your investments i.e. shares, bonds, debentures, government securities, sovereign gold bonds, mutual funds, etc. into your IDFC FIRST Bank Instant Demat Account.
Features of your Demat Account:
Your Demat Account is just a few clicks away!! Open your IDFC FIRST Bank Instant Demat Account instantly.
Seamless & Paperless account opening
No account opening charges
No AMC for the first year
Steps to open your IDFC FIRST Bank Instant Demat Account
ELIGIBILITY
How to Apply?
To open an IDFC FIRST Bank Instant Demat Account customer has to be a Resident Individual having an existing IDFC FIRST Bank Savings or Salary account
- Keep your Aadhaar Number handy
- Your Mobile number should be linked to Aadhaar
- Please click here to get started with your IDFC FIRST Bank Instant Demat Account journey
- Customers can also submit the demat account opening form at your nearest branch or Kindly get in touch with your IDFC FIRST Bank Relationship Manager for any queries
Things you should know
- Rights And Obligations Of The Beneficial Owner
- Schedule of Charges
- Investor Charters for Depository Participants
- SEBI Complaint Redress System (SCORES)
Filling complaints on SCORES- Easy & Quick :
• Register on SCORES portal
• Mandatory details for filling complaints on SCORES - Name, PAN, Address, Mobile Number, E-mail ID
• Benefits - Effective Communication & Speedy redressal of the grievances - SEBI SCORES Mobile App – Google Play store
- You may submit your queries/complaints by visiting the Customer Service link or you can write to us on demat_support@idfcfirstbank.com
- Investor Complaints Report
- Dos and Don’ts for investors / demat account holders
Why IDFC FIRST Bank Instant Demat Account?
Hassle free account opening
No account opening charges and No AMC for the first year
Apply for IPOs, NFOs with few clicks
No minimum account balance requirement
Nominate your loved ones (maximum three)
View your Nomination details with a few clicks
FREQUENTLY ASKED QUESTIONS
What is an IDFC FIRST Bank Instant Demat Account, what are its benefits and what can I do with my IDFC FIRST Bank Instant Demat Account?
Transfer all your investments i.e. shares, bonds, debentures, government securities, sovereign gold bonds, mutual funds, etc. to your IDFC FIRST Bank Instant Demat Account. Your IDFC FIRST Bank Instant Demat Account can be used to apply for IPOs and NFOs. Your IDFC FIRST Bank Instant Demat Account will help you to monitor your portfolio from anywhere using Internet Banking or Mobile App. In addition to the above, you can transfer your holdings electronically, receive all corporate benefits (bonus, rights issue, etc.) in your IDFC FIRST Bank Instant Demat Account and also receive all cash benefits like dividend, interest or maturity amount etc. in your IDFC FIRST Bank Savings Account linked with your IDFC FIRST Bank Instant Demat Account.
Is IDFC FIRST Bank Instant Demat Account available for all IDFC FIRST Bank Savings Account holders?
Only Individual Ordinary Resident, having existing IDFC FIRST Bank Savings Account. Currently, Non Resident Individuals cannot make use of this facility.
What should I do if I want to open an IDFC FIRST Bank Instant Demat Account?
Step 1 – Click here and login to your net banking
Step 2 – All details will be pre populated. Please capture nomination details and eSign
Step 3 – Verify & Confirm details
How soon can is start using my IDFC FIRST Bank Instant Demat Account?
Your IDFC FIRST Bank Instant Demat Account No. i.e. Client ID will be displayed instantly, which will be in the Registered Status. Please check your Client Master Report, which will be sent on your registered Email ID, before using your IDFC FIRST Bank Instant Demat Account.
What are the charges to open an IDFC FIRST Bank Instant Demat Account?
Please click on Demat Tariff to know about the charges applicable to your IDFC FIRST Bank Instant Demat Account. Do get in touch with your IDFC FIRST Bank Relationship Manager should there be any queries.
Whom do I contact for Support in case I face an issue after opening my IDFC FIRST Bank Instant Demat Account?
Do get in touch with your IDFC FIRST Bank Relationship Manager should there be any queries.
I already have an IDFC FIRST Bank Demat Account, can I still open IDFC FIRST Bank Instant Demat Account?
No. You can have only one Demat Account with IDFC FIRST Bank.
What documents do I need to open an IDFC FIRST Bank Instant Demat Account?
No documents are required to open your IDFC FIRST Bank Instant Demat Account. Follow these simple 3 steps on your Internet Banking or Mobile App:
Step 1 – Click here and login to your net banking
Step 2 – All details will be pre populated. Please capture nomination details and eSign
Step 3 – Verify & Confirm details
Does IDFC FIRST Bank offer NSDL SPEED-e facility for online transfer of securities for settlement purpose?
Yes. Internet-enabled services like NSDL E-Services SPEED-e empower a Demat Account Holder in managing his/her securities ‘anytime-anywhere’ in an efficient and convenient manner and submit instructions online without the need to use paper. This facility allows Demat Account Holder to submit transfer instructions and pledge instructions including margin pledge from their Demat Account. The instruction facilities are also available on mobile applications through android, windows and IOS platforms.
How do I change my demographic details prior to opening of my IDFC FIRST Bank Instant Demat Account?
You will have to submit a Savings Bank change request at your nearest IDFC FIRST Bank branch.
What is a Depository and how does it work?
A Depository is similar to a bank where shares and securities are held in electronic form. There are two Depositories in India – National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Under the Depositories Act, investors can use the services of these Depositories through SEBI registered Depository Participants (DP) such as IDFC FIRST Bank Limited. Find out more about NSDL and CDSL - Central Depository Services (India) Limited (cdslindia.com).
