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IDFC Bank Zero Balance Savings Account, Features, Interest Rates

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IDFC Bank Offers FIRST Bank Pratham–Savings Account that gives Zero Balance Savings Account, Interest Rate, Micro Debit Card, NetBanking/MobileBanking Facilities, and much more.

Features of IDFC FIRST Bank Pratham–Savings Account.

1- Zero balance savings account.

You need to worry about your monthly average balance.

2- Its high interest is the main attraction that is Interest Rate Up to 7%.

IDFC First Bank provides a good interest rate on deposits.

3- Free Debit Card.

IDFC First Bank Debit Card provides you with a totally secure and authentic banking transactions of your hard-earned money.

4- Multiple channels of banking through NetBanking/MobileBanking Facilities.

Today’s everyone buys and sells online in this digital era so that’s why you can see IDFC First Bank easily available on top Brands eCommerce platform to make your financial journey easy and approachable.

Zero-Balance-Saving-Account-with-IDFC-Bank1
Zero-Balance-Saving-Account-with-IDFC-Bank

Benefits of IDFC FIRST Bank Pratham–Savings Account.

1- Any resident individual either singly or jointly.

2- You can get Personal accident insurance – Free cover (death or permanent disability) of Rs. 25 lakh.

3- You will get unlimited fund transfer, and free ATM transactions.

What are The Eligibility Criteria and Documents required for IDFC FIRST Bank Pratham–Savings Account?

1- Any Indian Individuals having Indian citizenship.

2- Anyone already holding a BSBDA (Basic Savings Bank Deposit Account) with another bank is not eligible for the account.

3- A Recent passport size photograph.

4- Adhaar Linked Mobile number, Adhaar Number, and Pan Card Number.

How to Apply to open IDFC FIRST Bank Pratham–Savings Account.

You can follow the following given steps to open your points.

Step-1 You can visit your nearest IDFC Bank Branch to apply for your visit.

Step-2 As of now online Apply Now is not Available for IDFC FIRST Bank Pratham–Savings Account on IDFC Bank Official website.

Step-3 You can call on this toll-free number 1800 419 4332 and a bank representative call you back.

Things to Remember in Basic Savings Bank Account.

Once your BSBDA Account has been created then you have to complete your Full KYC within a year.

FAQ

  1. What is an IDFC FIRST Bank Pratham–Savings Account?

This is a Basic saving bank account com with High-Interest rate of 7 % on Deposit.

  1. Is this Basic Savings Bank Account?

Definitely Yes.

  1. What are the Eligibility Criteria to open the IDFC FIRST Bank Pratham–Savings Account?

Any Individual Should be a resident Indian citizen, above 18 years of age, have a PAN & Aadhaar linked with a phone number.

  1. Can I open This IDFC FIRST Bank Pratham–Savings Account without visiting the branch?

Definitely Not. You have to visit the branch.

  1. Is this Mandatory to provide Aadhaar and PAN?

Definitely Yes. If you don’t have Aadhaar, please nearest bank branch and choose from another range of products.

  1. Is This Video KYC Available for IDFC FIRST Bank Pratham–Savings Account?

No.

  1. Is there any initial amount required to open the account?

No.

8-Do I need to re-submit the KYC documents?

No, presently, a customer does not need to re-submit the KYC documents. Bank will inform out the customers and ensure a seamless experience in the updating process.

9- Customers I need to register the mobile or email for availing SMS/statements etc

No, you need to register their mobile number and email IDs again

10- What will happen if any change in the customer’s branch?

You will be notified from our side. The reachability will increase and any change or enhancement in the branch will be duly communicated to our customers.

11- Will Capital First Branches continue to operate?

All our existing branches will continue to operate as-is and we are in the process of merging the branch network with that of IDFC Bank Ltd. to be able to provide higher reach to our customers.

Zero-Balance-Saving-Account-with-IDFC-Bank
Zero-Balance-Saving-Account-with-IDFC-Bank

About IDFC Bank

IDFC (Infrastructure Development Finance Company) Bank is a leading private commercial bank in India.

The Reserve Bank of India has been approved full banking licenses in 2015. IDFC Bank was listed on BSE and NSE on 6 November 2015.

IDFC Banks offers Savings Account, Corporate Salary Account, Fixed Deposits, Loans Investment Insurance, Bank Payments Cards, Forex, and much more.

The IDFC Bank and Capital First merge to become an entity of Brand  IDFC First Bank on December 18, 2018.

Currently, IDFC First Bank Managing Director & CEO is Mr. V. Vaidyanathan and Its Headquarters in Mumbai.

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