Lifetime FREE Credit Card with 10X rewards
Most Searched
Top Products
Popular Searches
Bank Accounts
Populer FAQs
Signature is important and it is required to avail various products and services. To upload your signature
1. Go to More
2. Select Customer Service Dashboard
3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
That's easy! Follow these steps to track your service requests:
1. From the home page of the app, tap on "Customer Service" section
2. Scroll down to "Track my service requests" to find all your requests
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account NowEnjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply NowFor most people, a Savings Account is the first and most fundamental financial product needed at the beginning of their personal finance journey. This type of bank account opening can be done with commercial banks, co-operative banks, and at post offices.
Let’s understand what makes them so special:
What is the purpose of this account?
The primary role of this account is to provide a safe space to hold your money. Here’s an example of how this account works:
What are the advantages of a savings account?
Along with offering a secure place to keep your money, this account comes with a plethora of advantages. Let’s discuss some of them below.
Offers passive income:
The savings account interest rate allows you to earn passive income. This interest rate may vary based on the amount of funds in your account.
Opens avenues of investment:
This account gives you a variety of options to multiply your money. With this account, you can consider various investments such as:
You can also trade in the stock market, if you link this account with Demat and Trading Accounts.
Offers other additional services:
Depending on the type, this account also makes you eligible for a variety of add-on services. Some of the services include:
What should you know about the tax implications of this account?
Since the interest earned is taxed, it can help you with tax planning. According to the Income Tax Act, this earned interest is taxable, irrespective of the interest rate.
IDFC FIRST Bank offers high-interest savings account with an array of benefits. To know more about this account, visit our website today.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.