In this article, we are going to talk about the IDFC First Bank Saving Account Opening Online With Video KYC.
Also, we will talk about how you will open IDFC First Bank Saving Account 2022 sitting at home.
If you want to open an account sitting at your home, then this post will prove to be better because I have told step by step in you how you will open an account in IDFC First Bank. IDFC Account Opening online with Video KYC.
Contents
IDFC First Bank Saving Account Opening Process
Savings Account
Our Savings Account with Signature Card is designed to meet your individual needs. We understand the importance of saving for the future, for you and your loved ones. That’s why IDFC FIRST Bank Savings Account offers industry-best interest rates of up to 6%. So, you can save more, do more, and live life to the fullest.
All this is just moments away because you can open a savings account online in minutes with amazing benefits. Some of the many features and benefits include higher POS limits, free and unlimited ATM transactions, and other benefits. Open a savings account online with IDFC FIRST Bank today and start earning more on your savings.
Documentation
For Digital Bank Account Opening-
- Aadhaar Number
- PAN number/ Form 60
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 documents:
– Aadhaar Card– Passport– Voter’s Identity Card (Election Card)– Permanent and valid driving license with a 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.
IDFC First Bank Saving Account Interest Rate
IDFC FIRST Bank Savings Account offers industry-best interest rates of up to 6%.
Insurance – IDFC saving account
₹35 lakhs free personal accident insurance cover | ₹1 Cr free air accident insurance cover.
IDFC First Bank Saving Account offers Two Debit Card
VISA Classic Debit Card with ₹10K average monthly balance
- Daily cash withdrawal of ₹1 lakh and a higher purchase limit of ₹1.5 lakh
- Personal accident insurance coverage up to ₹2 lakh
- Lost card liability protection up to ₹1,50,000
- 5 Free Financial ATM Transactions at IDFC FIRST Bank and 5 Free overall Transactions at Non-IDFC FIRST Bank ATM locations.
VISA Signature Debit Card with ₹25K average monthly balance
- Complimentary domestic airport lounge access, twice every quarter.
- Higher daily purchase limit of ₹6 lakh and a higher daily ATM withdrawal limit of ₹2 lakh.
- Free and unlimited ATM transactions: at any bank, anywhere in India.
Monthly Interest Credit on your Savings Accounts
- Earning interest on interest with IDFC FIRST Bank
- Monthly interest credits versus the industry norm of quarterly interest credit
- Industry best giveaways!
Eligibility- Who Can Apply?
- Indian citizens
- Residents of India
- Foreign nationals residing in India and meeting GOI criteria
How to open an online Savings Account?
Follow the steps given below to open savings account online with IDFC FIRST Bank.
- Go to the application link
- Enter mobile number and email address
- Enter Aadhar number/VID no. and pan card
- Provide a Professional detail
- select saving account variant
Video KYC- IDFC First Bank Saving Account
- Enter the Application number and click next
- start video KYC process
Note- After your account has been set up, you will receive your Customer ID, Account Number, and IFSC code over email and SMS.
Fees and Charges
Savings Account with Signature Debit Card (w.e.f. 1st Sep 2019)
| Average Monthly Balance Requirement | ₹25,000 |
| Debit Card Type | Visa Signature |
| Non Maintenance Charges of AMB | >= 20000 to < 25000 – ₹50/- >= 15000 to < 20000 – ₹100/- >= 10000 to < 15000 – ₹150/- >= 5000 to < 10000 – ₹200/- < 5000 – ₹400/- |
Transactions & Services which you enjoy without any charges
| Passbook Issuance & Printing | Stop Payment on Cheques |
| Alerts for transactions on your account | Standing Instruction- Set Up/Execution/Amendment |
| Outstation Cheque Collection | Phone Banking |
| Interest/TDS Certificate | Net Banking, Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward |
| Balance Confirmation Certificate | DD – Duplicate Issuance |
| Balance Enquiry (Branch/Channels) | DD Cancellation/ revalidation |
| Anywhere banking | Re-issue of Cheque Book |
| Debit Card re-issuance | Statement Request |
We will apply a charge for the following transactions or events in your account
| Cheque Return – Deposited | ₹50 |
| Cheque Return – Issued | ₹250 |
| International ATM or POS transaction | Free, only forex mark up 2% of the transaction value will be applicable |
| ATM Transaction Charge at any ATM in India (For Minor Accounts) | IDFC FIRST Bank ATM: Unlimited Free
Other Bank ATM: 10 Free, 11th transaction onwards, ₹20 + taxes for every cash withdrawal ₹8 + taxes for any other transaction. |
| ATM Transaction Charge at any ATM in India(For Regular & Senior Citizen Account) | IDFC FIRST Bank ATM Financial & Non-Financial Transactions: Free and UnlimitedOther Bank ATM Financial & Non Financial Transactions: Free and Unlimited |
If your balance falls below ₹25,000 we will charge you only to recover the cost when you do the following transactions on your account. These transactions will continue to be free of charge should you maintain a balance of ₹25,000 with us.
| Re-issue of Cheque Book | ₹50 per chequebook (Free for Senior Citizen variant effective from 18th Dec’20) |
| DD payable at branch locations | ₹30 |
| Replacement of Debit Card | ₹100 |
| Annual Debit Card fees | ₹100 |
| ATM Transaction Charge at any ATM in India(For Regular & Senior Citizen Account) | IDFC FIRST Bank ATM Financial Transactions: 5 Free, 6th onwards ₹20 + taxes Non-Financial Transactions: Free & UnlimitedOther Bank ATM Financial & Non-Financial Transaction: 5 Free, 6th onwards ₹20 + taxes for Financial & ₹8 + taxes for Non Financial |
FREQUENTLY ASKED QUESTIONS
What is the minimum balance in IDFC First Bank?
The average monthly balance required is ₹25,000 or ₹10,000 .
Can I opening IDFC bank account with zero balance?
There is no minimum balance requirement for this account.
What is the full form of IDFC?
Infrastructure Development Finance Company
Is IDFC Bank RBI approved?
IDFC gets RBI approval for starting banking operations
What is the interest rate for IDFC First Bank?
On Balances (in ₹) Rate of Interest (% p.a.) <= 10Lac 4.00% > 10 lac <= 25 Cr 6.00% > 25 Cr <= 100 Cr 5.00% >100 Cr <= 200 Cr 4.50%
What is monthly interest rate in IDFC First Bank?
you can get monthly interest on a savings account of up to 6%.