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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 NowA high-interest Savings Account can make it easier to achieve financial goals, such as saving for retirement, buying a house, or going on a family vacation. This is because a high interest rate helps your Savings Account grow faster than an ordinary account.Read More
Open an IDFC FIRST Bank Savings Account to maximise the value from your money. Our Savings Account interest rates are among the highest in the industry, allowing you to earn better interest on your savings. Additionally, you benefit from zero-fee banking and monthly interest credits to further accelerate your savings’ growth. Explore a range of Savings Accounts customised for your varied needs and financial requirements.
Invest, save, and spend more with IDFC FIRST Bank's competitive Savings Account interest rates and minimal balance requirements. You can also access your savings on the go with our advanced mobile app and online banking services.
Moreover, since this interest rate is based on progressive balances in the applicable interest rate slab, you earn every day! So don't miss out.Read Less
Choose account balance
10k 50cr
Choose your existing bank interest rate
2.5 % 3.5 %
Simulation Results(for a period of 1 year):
* Interest you earn with IDFC FIRST Bank –
** Interest you earn with your Bank –
Additional Interest you earn with us –
“Recently I opened a savings account with IDFC FIRST Bank. Firstly, in terms of the process to open savings account, it is truly hassle-free. Thanks for being ahead in terms of customer satisfaction and banking services, making it easy for new customers like me. I wish IDFC FIRST Bank a great future and looking forward to a long term association.”
“I recently opened a Savings Account with IDFC FIRST Bank, and I must tell you that I'm really happy with the features and benefits offered by the bank. The netbanking services are quite advance which makes the process easy. Also, the IDFC FIRST Bank employees are cordial and helpful, making the overall experience a pleasant one.”
On Balances (in ₹) |
Rate of Interest (% p.a.) effective from 15th July 2024 |
---|---|
<= 5 lac | 3.00% |
> 5 lac <= 50 cr | 7.25% |
> 50 cr <= 100 cr | 5.00% |
> 100 cr <= 200 cr | 4.50% |
> 200 cr | 3.50% |
Interest will be calculated on progressive balances in each Interest Rate Slab, as applicable
Please note that the Bank has reduced interest rates to 3% on savings accounts for balances up to Rs. 5 lac. The interest rate paid earlier was 3.5% for balances between Rs. 1 lac up to Rs. 3 lac and 4% for balances between Rs. 3 lac up to Rs. 5 lac.
Please note that interest rates are subject to periodic change.
Take advantage of ZERO charges on all commonly used Savings Account services with IDFC FIRST Bank Savings Account's zero-fee banking feature, including IMPS, NEFT, RTGS, SMS alerts, debit card issuance, and demand drafts.
Profit from competitive interest rates on your savings account balance each year. Interest earning ensures that your money works hard for you. Witness your savings grow swiftly, enabling you to easily achieve diverse financial goals.
Enjoy a reliable stream of additional income with monthly interest credits on your savings account balance. Your interest is calculated daily, based on your end-of-day balance, and is credited to your account every month.
Access your savings account funds at any time with free and unlimited ATM withdrawals, ensuring full liquidity and control.
IDFC FIRST Bank allows you to open a bank account online effortlessly from the comfort of your home. With just a few simple steps, you can open a bank account online with IDFC FIRST Bank anytime, anywhere, and begin enjoying the myriad benefits it has to offer.
Take advantage of ZERO charges on all commonly used Savings Account services with IDFC FIRST Bank Savings Account's zero-fee banking feature, including IMPS, NEFT, RTGS, SMS alerts, debit card issuance, and demand drafts.
Profit from competitive interest rates on your savings account balance each year. Interest earning ensures that your money works hard for you. Witness your savings grow swiftly, enabling you to easily achieve diverse financial goals.
Enjoy a reliable stream of additional income with monthly interest credits on your savings account balance. Your interest is calculated daily, based on your end-of-day balance, and is credited to your account every month.
Access your savings account funds at any time with free and unlimited ATM withdrawals, ensuring full liquidity and control.
IDFC FIRST Bank allows you to open a bank account online effortlessly from the comfort of your home. With just a few simple steps, you can open a bank account online with IDFC FIRST Bank anytime, anywhere, and begin enjoying the myriad benefits it has to offer.
Open a savings account with IDFC FIRST Bank today - it's quick, easy, and gives you more control over your finances. You can open a bank account online or at a physical bank branch at your convenience. Follow these simple steps to open a Savings Account.
Step-1: Click on the "Open an Account" button
Step-2: Fill up the required details in the online form
Step-3: Select the type of account that suits your need
Step-4: Deposit the amount into your account instantly
Step-5: Complete your video KYC to start transacting and get full access to your bank account
Step-1: Locate the nearest IDFC FIRST Bank branch and carry the required KYC documents
Step-2: Contact the bank representative to open a Savings Account
Step-3: The representative will guide you to fill in the physical account opening application form
Step-4: Submit the documents with the application form
You will receive your credentials to access your bank account online once your account is activated and you deposit the required amount.
FEATURED
Compound interest can grow your savings over time, and if done monthly, the returns are higher. Learn how to calculate compound interest and earn better returns on your Savings Account. Read on to know more.
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Disclaimer: With IDFC FIRST Bank Savings Accounts, enjoy Zero Charges on all Savings Account services. These services are being offered free in good faith, and in case of misuse of services, the Bank reserves the right to levy charges. Forex mark-up fee will be applicable on International ATM/POS/Debit card transactions. T&Cs are subject to periodic changes. All rights reserved.
Interest will be calculated on progressive balances in each Interest Rate Slab, as applicable
Interest will be calculated on progressive balances in each Interest Rate Slab, as applicable. Please note that interest rates are subject to periodic change. Please click here for the interest rates.
A savings account offers a range of benefits, including instant access to funds, cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS. With an IDFC FIRST Bank savings account, you can also earn regular interest as the bank credits interest monthly in your savings account.
No, a savings account has no maturity period or time restrictions. You will earn interest until you keep funds in your account. However, ensure you maintain your account's average monthly balance (AMB).
IDFC FIRST Bank offers attractive interest rates on savings accounts. Interest is credited monthly into your account, helping you earn regular income. In addition, you can open an account online with IDFC FIRST Bank instantly via video KYC.
IDFC FIRST Bank credits interest monthly to your savings account, allowing you to earn a regular income. The interest earned is credited to your savings account every month. So, the following month, you earn interest on your balances, including interest on your previous month’s interest, and so on.
The best savings account is one that helps you save and earn more. Hence, interest credits and interest rates define a worthy savings bank account. IDFC FIRST Bank offers attractive interest rate on Savings Account and monthly interest credits to help you make the most of your savings account.
IDFC FIRST Bank provides monthly interest payout on Savings Account, helping you earn regular income.
No. There is no time limit for savings accounts. Maintain sufficient balance in your account to earn interest.
The savings account interest rate is the money banks pay on the idle funds in your savings account. The interest, paid out quarterly, is calculated on the daily closing balance, and the value varies depending on your bank. IDFC FIRST Bank account holders receive higher savings account interest rates, with interest credited monthly for enhanced savings.
As per Reserve Bank of India guidelines, the interest in a savings account is calculated on the daily closing balance. Accordingly, interest is calculated daily and credited monthly or quarterly by the bank.
With a little research, you can find the best savings account interest rates. You can find out what interest rate your preferred bank offers by visiting its official website. IDFC FIRST Bank offers one of the highest savings account interest rates as well as monthly interest credit.
Most banks strive to offer maximum banking services online. You can access your bank account, transfer money, pay bills, monitor transactions, and bank statements via net banking. An IDFC FIRST Bank account holder can enjoy the following services:
Additionally, you can apply for loans and credit products, per your requirement, via net banking and the mobile app.
Savings account interest up to ₹10,000 or ₹50,000 earned during a financial year is eligible for deduction under 80TTA & 80TTB (In case of senior citizen only) of Income Tax Act 1961 respectively. However, interest earned over ₹10,000/₹50,000 per financial year is subject to taxation according to the applicable tax slab and rate.”
The savings account interest rate is influenced by a few factors such as:
IDFC FIRST Bank credits interest to savings accounts monthly based on the account's end-of-day balance. As a result, you can benefit from your savings more frequently while ensuring your funds continue to grow.