If you need a higher interest rate on a saving account without risk then must go with IDFC FIRST Bank and get up to 5% interest per annum with a guarantee. IDFC FIRST Bank gives you to open a saving account online from your mobile phone and complete full KYC through video KYC from your mobile. After complete all procedures, your cheque book and debit card send your home address by post. You can use your account full properly without visiting the branch. Now here you see the full process of opening an IDFC FIRST Saving Account online.
IDFC FIRST Bank provides monthly interest credits to earn more with the power of compounding every month on your Savings Account. Also gives assured vouchers up to Rs.3000 on Amazon, Flipkart and Grofers within 30 days. The bank tries to provide a superior digital banking experience with maximizing lifestyle. Open an instant paperless digital account with video KYC and no physical document requirement.
Document required to open IDFC FIRST Bank Saving Account
For Digital Bank Account
- Aadhaar number with linked mobile number
- PAN number
For physical Bank Account
- Passport-size photograph.
- Aadhaar Card
- PAN card
- Passport
- Voter’s Identity Card
- Driving license with photograph
- Letter issued by the National Population Register containing details of name and address.
Applicant can submit anyone of the following document but PAN Card mandatory.
Eligibility Criteria to open IDFC FIRST Bank Saving Account
- Indian citizens or residents of India.
- The applicant should be minimum age 18, except in the case of minor savings accounts.
- The applicant must make the initial deposit amount, the requirement of that particular savings account.
- The applicant must have an average monthly account balance of Rs.250000 or Rs.10000.
- For a foreigner, the applicant must meet the criteria laid by the Government of India.
Reason for choosing IDFC FIRST Bank Saving Account
- An instant opening paperless digital account with video KYC.
- Interest up to 5% per annum.
- Monthly Interest Credit on Savings that compounded.
- Rs.35 lakhs free personal accident insurance cover and Rs.1 Crore free air accident insurance cover.
- Rs.6 lakhs purchase limit and Rs.2 lakhs daily ATM withdrawal limit.
- Free and unlimited ATM withdrawals on IDFC FIRST Bank ATMs.
- Free VISA Debit Card.
- Quick SMS alert and e-statement to keep track of your transactions.
- Good customer support.
How to open IDFC FIRST Bank Saving Account
- To open an account go to the application link 👉https://www.idfcfirstbank.com/content/idfcsecure/en/open-savings-account-online.html
- Enter name, Mobile number and Email address.
- Click on Start Now.
- Enter your Aadhaar number/VID no. and click on Proceed.
- Enter OTP from registered Aadhaar mobile number and click on Continue.
- Enter PAN Card number, Martial status and communication address (tick mark for same Aadhaar address) and click on Next.
- Enter occupation details, source of income, gross annual income, country of birth, birthplace then tick mark (if you wish to link DBT benefits in this account) and click on Next.
- Now select VISA Debit Card type- VISA Signature and VISA Classic.
- After selecting a VISA Debit card enter your branch address, deposit the minimum balance of your card and accept terms and click on Fund Account Now. (Note: deposit amount transferred from applicant own account.)
- Now you will be redirected to a payment gateway where you pay the amount through Debit Card or Internet Banking.
- After successful payment your account will open instantly, you can see your Account Number, IFSC Code, Customer ID and your credential also send bank via SMS and Email.
- After complete video KYC, your account limit will be unrestricted and upload your signature cheque book send your communication address.
- Your Debit Card send your communication address with 3-4 working days.
Facilities of IDFC FIRST Bank debit Card
VISA Signature Debit Card
- Maintain minimum monthly balance rupees 25,000.
- Get a total of 3000 rupees vouchers on this card.
- 10% cashback on your 1st card payment at merchants transaction up to rupees 250.
- Higher daily purchase limit of rupees 6lakhs and higher daily ATM withdrawal limit of rupees 2 lakhs.
- Personal accident insurance coverage up to rupees 35 lakh.
- Free and unlimited ATM transactions at any bank anywhere in India.
- Get rupees 250 cashback every month on BookMyShow.com
VISA Classic Debit Card
- Maintain minimum monthly balance rupees 10,000.
- Get a total of 1500 rupees vouchers on this card.
- Daily cash withdrawal of rupees 1 lakh and higher purchase limit of rupees 1.5 lakh.
- Personal accident insurance coverage up to rupees 2 lakhs.
- Lost card liability protection up to rupees 50,000.
- 5 Free financial ATM transactions at IDFC FIRST and free financial Transactions at Non-FIRST Bank ATM locations.