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 NowSavings Account
Summary: IDFC FIRST Bank has been recognized as a class apart from other banks in the private sector for offering zero fees on commonly used Savings Account services. Find out how this translates into greater savings for our valued customers.
Putting your hard-earned money into a Savings Account is a no-brainer. It’s the most popular way to securely store your funds and generate steady returns. However, having to pay hefty charges for basic banking services can put a damper on your savings. That’s why, at IDFC FIRST Bank, we charge ZERO fees on savings account services, such as RTGS, NEFT, cash deposits at branches and online, among many others.
Ethical banking is one of the key tenets of our banking philosophy. We understand that service charges can significantly reduce savings, affecting the financial well-being of our customers. That's why we have made a commitment to provide not only top-notch banking services, but also to ensure that our practices align with values.
One way we do this is by offering all commonly used savings account services free of cost under our zero-fee banking initiative. We believe that our customers should not have to pay excessive fees for basic banking services, and we are dedicated to making these services accessible to every customer who trusts us with their hard-earned money.
So how does our commitment to ethical banking ensure that you save more? By eliminating fees on commonly used savings account services, we believe that our customers will have more money to save and invest in their future. We also believe that by promoting ethical and sustainable values, we are setting an example for other financial institutions in the country.
Afterall, transparent and fair banking practices shouldn’t be a privilege – it’s every customer’s right.
Moreover, IDFC FIRST Bank Savings Accounts also offer monthly interest credits and higher interest rates than most banks in India. This means that customers can earn more on their savings, allowing them to reach their financial goals faster.
Here are some of the services that are covered under our zero-fee banking initiative:
Service Charges |
Charges at IDFC FIRST Bank |
Usual charges at many other Banks |
NEFT |
0 |
₹2 to ₹24.75/ transaction |
RTGS |
0 |
₹15 to ₹45/ transaction |
SMS Alerts |
0 |
15 paisa to 50 paisa/ SMS |
Cash Transactions at Branches (by number/value) |
0 |
Minimum ₹150/ transaction, beyond free limits |
ATM transactions |
0 |
Up to ₹25/ transaction |
Third Party Cash Transactions at Branches |
0 |
Minimum ₹150/ transaction, beyond free limits |
Manager’s Cheque/ DD/PO (issuance/re-issuance/cancellation) - At Bank locations |
0 |
₹50 to ₹15,000 per DD/PO depending on the value of the DD/PO |
Duplicate Statements Issuance |
0 |
₹30 to ₹100/ instance |
Debit Card Issuance Charges |
0 |
Up to ₹300 |
And many such commonly used Savings Account services.
A independent study, authored by Dr. Ashish Das, Professor, Department of Mathematics, from the Indian Institute of Technology- Bombay (IIT-B), commissioned by Moneylife Foundation, found that IDFC FIRST Bank is the only Bank that charges ZERO FEES on all services in savings accounts, on all account variants, urban or rural, irrespective of AMB, whether Rs. 5000 (offered in Rural India), 10,000 or Rs. 25000.
IDFC FIRST Bank is the only Bank that provides unlimited ATM cash withdrawal without any fees. It is one of the only four banks which do not charge for IMPS transactions. It is also one of the few banks that do not charge for SMS alerts which may vary to Rs. 100 or Rs. 150 per quarter, where limits have been specified by banks or higher if there are no limits specified. The report also says that IDFC FIRST Bank is the only bank in India that does not charge debit card for any variant of its savings account, while annual fee for debit cards at most banks’ ranges from Rs 100 to Rs 300.
At our bank, we are constantly striving to provide the best services for our customers while also upholding our commitment to ethical banking. We believe that by doing so, we can not only help our customers achieve their financial goals, but also make a positive impact on the world around us. So join us in our journey towards ethical banking and start saving
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.