IDFC First Bank Saving Account Opening Online/ Offline | Eligibility, Documents, Limitations
IDFC First Saving Account Opening Online/ Offline | Eligibility, Documents, Limitations
Open IDFC Saving Account link ;
Any resident of the country is eligible to open a 0 balance saving account with the IDFC First Bank. A Pratham savings account (BSBDA) at the IDFC First Bank, which is essentially a 0 bank balance saving account, can be opened by any resident individual either singly or jointly.
Individuals holding a BSBDA (Basic Savings Bank Deposit Account) with another bank can not open basic savings account with IDFC First Bank.
In the case that an individual already has prior savings account in the IDFC First Bank and wishes to open a 0 balance saving account, they have to close the existing savings accounts within 30 days from the opening date.
Documents required to open an IDFC First Saving Account
A recent passport size photograph of the account holder
Address Proof
Identification proof documents.
Interest Rates
IDFC First Bank is one of the few banks that give attractive interest rates on their savings account. The bank offers a high-interest rate of up to 7%.
Other Benefits of IDFC bank Saving Account
Opening a savings account is enticing enough considering its balance feature. Customers opening a zero balance saving account with receive a free debit card, unlimited fund transfer, and free ATM transactions.
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