IDFC FIRST Bank Savings Account Opening – A Savings Account is an account where people can deposit a part of their earnings. A savings account is so liquid that people can withdraw or transfer money easily within a limit. While saving money people also earn interest in a savings account. IDFC FIRST Bank offers Debit Card, Mobile Banking & NetBanking using this you can utilize your money 24*7. In this post, I’ll discuss the account opening process step-by-step in IDFC FIRST Bank
Documents Required to Open Bank Account in IDFC FIRST Bank
- Passport-size photograph
- Aadhaar card (Linked with Mobile Number)
- Passport
- Voter’s Identity Card (Election Card)
Eligibility Criteria to Open a Savings Account in IDFC FIRST Bank
- You should be a resident of India.
- The applicant should be 18 years and above to be eligible, except in cases of a minor savings account.
- When opening the account, the applicant will have to make an initial deposit – depending on the minimum balance requirement of that particular savings account.
Why you should open a Savings Account in IDFC FIRST Bank
Before opening an account in a bank or anywhere else you should know its advantages. Here are the advantages of IDFC FIRST Bank Savings Account –
- Up to 7% interest on Savings Account
- Free multiple transfers of funds
- Free Visa Debit card
- Minimal Charges
- Good customer support
Everything has its pros & cons, so here are the disadvantages of IDFC FIRST Bank –
- You have to maintain the minimum average balance.
- Customers should check the transaction and withdrawal limit per day.
Steps To Open IDFC FIRST Bank Savings Account Online
Step 1: Visit the official website of IDFC FRIST Bank
Step 2: Select the “Personal Banking” section and click on “Open Now” (Direct Link)
Step 3: Enter the required information like Name, Phone Number and email ID.
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Step 4: In the next step enter your Aadhaar number & click on “Proceed”
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Step 5: After entering your Aadhaar number an OTP will be sent to your Mobile number registered with your Aadhaar, enter the OTP and click on “Continue”
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Step 6: After Aadhaar verification you have to fill in the details like PAN, Address & details of your occupation.
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Step 7: After filling in all the basic details you will get options where you can choose your account type. Select the one that suits you.
Know more about IDFC FIRST Bank Visa Signature Debit Card
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Step 8: Now in the last step, select your city & your preferred branch location. Fund your account using another bank Net-banking or Debit card.
After completing all the process IDFC FIRST Bank will send you all the credentials you need via email & SMS.
Bottomline
IDFC FIRST Bank is giving 7% interest on savings accounts which is great. IDFC FIRST Signature Visa Debit Card also comes with some awesome features that make it unique.
Read More – DCB Bank Happy Savings Account