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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- Accounts
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Deposits
IDFC FIRST Bank Deposits
View all Deposits -
Loans
IDFC FIRST Bank Loans
View all Loans - Wealth & Insure
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Payments
IDFC FIRST Bank Payments
View all Payments - Cards
- Rocket Current Account
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Cash Management Services
IDFC FIRST Bank Cash Management Services
View all Cash Management Services - Supply Chain Finance
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Corporate Lending
IDFC FIRST Bank Lending
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Treasury
IDFC FIRST Bank Treasury
See more details - NBFC Financing
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Customer care hotlineCall 1800 10 888
Accounts
- IDFC FIRST Bank Accounts
- Savings
Account - Corporate Salary
Account - Senior Citizens
Savings Account - First Power
Account - Current
Account - NRI Savings
Account - TASC Institutional
Account - Savings Account
Interest Calculator
Deposits
- IDFC FIRST Bank Deposits
- Fixed
Deposit - Recurring
Deposit - NRI Fixed Deposit
- Safe Deposit Locker
- FD Calculator
- RD Calculator
Loans
- IDFC FIRST Bank Loans
- Personal Loan
- Consumer Durable
Loan - Home Loan
- Education Loan
- New Car Loan
- Pre-owned Car Loan
- Two Wheeler Loan
- Pre-owned Two
Wheeler Loan - Commercial Vehicle
Loan - Gold Loan
- Loan Against Property
- Easy Buy EMI card
- Personal Loan
EMI Calculator - Education Loan
EMI Calculator - Home Loan
EMI Calculator
Wealth & Insure
- IDFC FIRST Bank Wealth & Insure
- FIRST Select
- FIRST Wealth
- FIRST Private
- Mutual Funds
- Sovereign Gold Bond
- Demat & Trading
Account - Term Insurance
- Life Insurance
- Health Insurance
- General Insurance
Payments
- IDFC FIRST Bank Payments
- FASTag
- Credit Card
Bill Payments - UPI
- Funds Transfer
- Retail Forex
- Pay Loan EMI
Cards
MSME Accounts
- IDFC FIRST Bank MSME Accounts
- Current Account
- Merchant Multiplier
Account - Startup Current
Account - Agri Multiplier
Account - TASC Institutional
Account - Dynamic Current
Account - Freedom World
Current Account - World business
Account
Trade Services
MSME Loan
- IDFC FIRST Bank Business Loans
- Unsecured - Business Loan
- Unsecured - Professional Loan
- Secured - Loan Against Property
- Working Capital Loan
- Construction Equipment Loan
MSME Solutions
- IDFC FIRST Bank Business Solutions
- Payments
- Collections
- Tax Payments
- Doorstep Banking
- Point of Sale (POS)
Offers
Cash Management Services
Corporate Lending
Treasury
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
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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Details
SN |
Nature of default /delay |
Reckoning of Penal Charge |
Penal Charge applicable rate payable monthly* |
1. |
Payment default for: a.Interest/Principal b. irregular due to drawings beyond DP Limit (only Fund Based) c. BG invocation or LC devolvement (as applicable) d. other charges (other than reimbursement) as may be specified
|
Overdue Penal Charge may be charged from the due date till such time as the default amount is paid
|
Penal charge# of 2% p.a. (excluding GST) on default/ overdue amount as applicable.
|
2. |
For any other breach |
Penal Charge to be levied from the date of delay or non-compliance with stipulated covenants till the same are cured/complied with to the satisfaction of the Bank. |
Fund Based – Penal charge# of 2% p.a. (excluding GST) on the Outstanding amount. Non-Fund Based – Nil |
3. |
Non-creation/perfection of security within the timeliness |
Penal Charge due to non-creation of security within the timeliness, and/or fails to comply with any of the covenants relating to the Security to be calculated from expiry of timeline for creation/perfection |
Fund Based – Penal charge# of 2% p.a. (excluding GST) on the Outstanding amount. Non-Fund Based – Nil |
# Penal Charges shall be levied over and above the Applicable Rate of Interest.
*effective from 1st April 2024
GST, as applicable, will be levied on all Charges. The above Penal Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.
