IDFC First Bank Savings Account
IDFC First Bank offers interest rate of up to 7% on savings account. The minimum average balance depends on the account & the selected debit card.
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IDFC First Bank offers different financial products such as savings accounts to its customers. The bank offers an attractive interest rate of up to 7% on IDFC First savings account. There are different types of savings account such as zero balance account, minor savings account, etc. The minimum average balance of IDFC First savings account depends on the bank account and the debit card selected to open the account.
IDFC First Bank offers attractive interest rates of up to 5% interest per annum on savings account.
Customers can open their savings account by filing up the online form in just few simple steps.
To proceed with the online application, fill up the online application with your name, phone number and email id. Click here to start the process.
Enter your Aadhaar number. If you don’t want to use your Aadhaar card, you can proceed further by adding your PAN card.
Enter the OTP sent to your Aadhaar number. 
The bank officials will contact you to complete the account opening process.
Keeping in mind the current scenario, IDFC First Bank has introduced video KYC online account opening process for its customers. This start-to-finish digital account opening journey is paperless and customers can open it within a few minutes.
Through the video KYC process, customers can open a full-fledged savings account from the comfort of their home.
The minimum average of IDFC First bank accounts will depend on the savings account and the debit card chosen to open the account.
IDFC FIRST Bank Pratham–Savings Account is a zero balance savings account with no monthly minimum average balance requirement. Vishesh Savings Account meant for rural customers have a minimum balance requirement of Rs.5,000.
Similarly, customers who avail signature debit card or classic debit card needs to maintain a monthly minimum average balance of Rs.25,000 or Rs.10,000 respectively.
The charges on the non-maintenance of the minimum average balance vary between the debit card selected.
Here are the charges:
Savings account with signature debit card
| Average Monthly Balance Amount | Non Maintenance Charges |
| From Rs.20,000 to less than Rs.25,000 | Rs.50 |
| From Rs.15,000 to less than Rs.20,000 | Rs.100 |
| From Rs.10,000 to less than Rs.15,000 | Rs.150 |
| From Rs.5,000 to less than Rs.10,000 | Rs.200 |
| Less than Rs.5,000 | Rs.400 |
Savings account with classic debit card
| Average Monthly Balance Amount | Non Maintenance Charges |
| From Rs.7,500 to less than Rs.10,000 | Rs.50 |
| From Rs.5,000 to less than Rs.7,500 | Rs.250 |
| Less than Rs.5,000 | Rs.500 |
IDFC First Bank offers a few types of savings accounts. Bank offers six types of savings account to resident individuals. Savings Account, Minor’s Savings Account, Senior Citizens Savings Account, Pratham Savings Account, Vishesh Savings Account and Health First Savings Account are the savings account.
Savings account customers except Vishesh Savings Account and Health First Savings Account have the option to open the savings account with the help of Signature Debit Card and Classic Debit Card.
Signature debit card users get added benefits of cashback, free accident insurance cover, airport lounge access, etc. However, customers of signature debit card need to maintain a minimum average balance of Rs.25,000.
With a classic debit card, customers can do unlimited free fund transfer. The card is free for life. The minimum average balance that customers need to keep is Rs.10,000.
IDFC First Savings Account is the regular savings account from IDFC First Bank.
Savings Account with Signature Debit Card
Savings Account with Classic Debit Card
IDFC FIRST Bank Pratham–Savings Account is a zero balance savings account.
IDFC FIRST Bank Minor Savings Account is a kids saving account that parents can open for their children up to 18 years of age. This account is meant to boost your child’s confidence in money matters and inculcate saving habit among children.
IDFC FIRST Bank Senior Citizen’s Savings Account is the senior citizen savings account.
This account is a two-in-one product that offers the benefits of savings account along with a super top-up health insurance plan.
IDFC First Bank offers an interest rate of up to 7% on its savings account. Customers holding more than Rs.1 lakh get 7% interest rate while account holders with less than Rs.1 lakh get 6%.
The minimum balance requirement in IDFC First Bank savings account depends on the savings account and the debit card opted while opening the savings account.
IDFC First Bank zero savings account doesn’t have any minimum balance requirement. While customers selecting classic debit card or signature debit card has to maintain a minimum balance of Rs.10,000 and Rs.25,000 respectively.
Yes. You can open Pratham savings zero balance account with IDFC Bank.
You can open Savings Account, Minor’s Savings Account, Senior Citizens Savings Account are the IDFC First savings account that can be opened online.
You can open a savings account in IDFC First Bank by visiting the nearest bank branch, online or through video KYC.
Customers need to provide identity and address proof documents to open account.
Bank require PAN card or Form 16.
Aadhaar Card, Passport, Voter’s Identity Card (Election Card),Permanent Driving License valid with the photograph affixed, Job Card issued by NREGA duly signed by an officer of the State Government can act as an identity and address proof.
