IDFC FIRST Bank Savings Account

Following are the IDFC interest rate on saving account-

The IDFC Bank interest rates on saving accounts change with time and the balances in the account.

• ATM transactions are limitless and free at any bank in India.
• Every quarter, the account user will receive complimentary domestic airport lounge access.
• The daily POS limit is Rs. 6,00,000, and the daily ATM withdrawal limit is Rs. 2,00,000.

To be eligible to create a savings account with IDFC FIRST Bank, applicants must meet the following criteria-

1. Should be an Indian national.
2. Foreign nationals who live in India and meet GOI requirements.
3. You must be a resident of India.

• Offline:You can visit the nearest branch of the IDFC First Bank with relevant documents and open the account.
• Online: You can log in to the mobile banking application of IDFC First Bank and open an account.

The following documents are required to open a savings account with IDFC First Bank-

• You must have a passport-sized photograph, one form of identification, and proof of address. Your Aadhaar card, passport, and driving license verify your identity as well as your address.
  
  
• Aadhaar Card - The Government of India requires Aadhaar cards as proof of address (UIDAI – Unique Identification Authority of India). If you do not yet have an Aadhaar card, please furnish us with your Aadhaar Enrolment Number.
  
  
• PAN Card - A PAN card is needed at the time of account opening.

Following are the various types of Savings Accounts offered at IDFC First Bank along with respective features-

IDFC First Bank offers two types of ordinary savings accounts, depending on the type of debit card supplied with the account.

• Make a deposit of Rs. 10,000 to open the account.
• Transfers of funds are completely free.
• Lifetime free Visa Classic Debit Card
• Every month, you get five free ATM transactions at IDFC Bank ATMs and five free ATM transactions at non-IDFC Bank locations.
• Banking support is available 24/7.

This is a salary account with a maximum overdraft limit of Rs. 3 lakhs. This overdraft option can be used for any purpose, such as meeting an emergency expense or managing your monthly cash flow.

• There is no need for a security or collateral to start the account.
• Pay interest only on the OD you use and for the length of time, you use it.
• Overdraft interest rates are low.
• A salary booster facility is available based on a one-month salary credit.

This is a salary account reserved solely for employed professionals.

• There are no minimum balance requirements.
• There are no fees for fund transfers via RTGS, IMPS, or NEFT.
• Free high-end Visa Signature or Platinum debit card.
• With a fixed deposit in your account, you can earn up to 8.25%.
• A universal debit card connects all of your accounts to a single card.

It is designed particularly for children under the age of 18. This savings bank account helps children learn the fundamentals of money management.

• From a young age, your child will be instilled with the habit of saving regularly.
• It can be started by a parent for a minor kid if the parent has a savings account.
• For amounts less than Rs. 1 lakh, the interest rate is calculated daily and is 6.00%.

It's a zero-balance savings account designed to assist people in lower-income brackets.

• Earn interest on your known account balance.
• Banking channels include branches, ATMs, and micro ATMs.
• All mini ATMs provide quick banking transactions.
• Receive government payments and incentives by opening a Zero Balance Savings account at an IDFC Bank location near you.

As the name suggests, this is an IDFC First Bank savings account designed specifically for senior persons.

• Eligibility- 60 years or older.
• Interest rates on fixed and recurring deposits are rising.
• At the bank, you will be given preferential treatment.
• In the case of a joint operation, the primary account holder must be a senior citizen.

It's a savings account with a low minimum balance that can help you meet all of your banking needs.

• Rs. 100 is the average monthly balance.
• Debit card with an Rs. 2 lakh online fraud insurance policy and a Rs. 1 lakh personal accident insurance policy.
• Eligibility- This account is open to residents and HUFs (Hindu Undivided Families).

It's a savings account with a minimal minimum balance and a free debit and ATM card (annual charges applicable).

• The minimum average quarterly balance required is Rs. 1000.
• Debit card with an Rs. 2 lakh online fraud insurance policy and a Rs. 1 lakh personal accident insurance policy.

This is another savings account with a minimum balance and a free debit-cum-ATM card (annual charges applicable).

• The minimum average quarterly balance required is Rs. 5000.
• Vishesh Platinum debit card comes with an Rs. 2 lakh online fraud insurance policy and a Rs. 2 lakh personal accident insurance policy.

This account is a two-in-one solution that combines the benefits of a savings bank account with the advantages of a super top up health insurance plan.

• It covers health insurance costs above Rs.2 lakhs but not exceeding Rs.12 lakhs.
• The annual premium for health insurance coverage begins at Rs.3,750.
• The policy is good for one year and also additionally needs to be renewed every year.
• There is no need for a pre-policy medical examination.