IDFC FIRST Bank Limited

Accounts: 

The following is the list of account types offered by IDFC FIRST Bank: 

1. Savings Account: Seamless account creation online with attractive offers and benefits including unlimited and free ATM withdrawals, video KYC, higher POS limits and many more. 
2. Current Account: Offers high cash deposit limit with minimum charges and GPS-enabled doorstep banking facility. 
3. Corporate Salary Account: This zero-balance account offers unlimited ATM withdrawals along with free personal accident insurance coverage of Rs.35 lakh. 
4. Senior Citizen Savings Account: Offers priority treatment, personal accident insurance coverage and lifetime Indian Health Organization (IHO) membership. 

1. FIRST Power Savings Account: Offers Lakme and salon spa gifts and lifetime health benefits along with other gift vouchers. 
2. Minor’s Savings Account: Free Visa debit card, unlimited ATM transaction and fund transfers 
3. NRI Savings Account: Allows users to transact 24*7 and offers three varieties of NRI savings accounts, which are NRE savings account, NRO savings account, and Seafarer savings account. 
4. Future FIRST Savings Account: This zero-balance savings account is for students and offers free banking services and fund transfers, and other features. 
5. Honour FIRST Defense Account: This zero-balance account is for Indian armed forces and veterans. It offers complimentary air accident and personal accident insurance coverage. 

1. Salary Booster Account: Offers easy online account creation without documentation with pre-approved overdraft facility and other features. 
2. Nation FIRST Salary Account: Zero-balance account for government employees with accident coverage and unlimited free ATM transactions. 
3. Vishesh Savings Account: Offers free domestic airport lounge access along with a host of other benefits. 
4. Pratham Savings Account (BSBDA): Zero-balance account offers access to digital banking and quick transactions at micro ATMS without hidden charges. 

Deposits: 

IDFC FIRST bank offers various deposit options to the customers, which are as follows: 

1. Fixed Deposit (FD): Risk-free investment with tenure ranging between seven days to 10 years with easy withdrawal facility for senior citizens without penalty. 
2. Recurring Deposit (RD): Lowest instalment starting from Rs.100 with minimum duration of six months and no penalty on missing installments. 
3. NRI Fixed Deposit: Offers good returns on foreign currency with zero-balance account. 
4. Safe Deposit Locker: Offers secure storage for valuables with quick nomination facility and competitive rental rates. 

Cards: 

The various types of cards offered by the IDFC FIRST bank to its customers are: 

Debit cards: 

The bank offers eight varieties of debit card options with different benefits and offers. These are as follows: 

• FIRST PRIVATE Debit Card: Offers complimentary lounge access with premium lifestyle and insurance benefits. 

• FIRST Wealth Debit Card: Offers attractive rewards, roadside assistance, and enhanced limits on transaction and withdrawals. 

• FIRST Select Debit Card: Enhanced POS limits along with lifestyle, health, and other benefits. 

• Visa Signature Debit Card: Offers complimentary insurance coverage and early activation cashback along with shopping and dining benefits.  

• Visa Platinum Debit Card: Fuel surcharge waiver and dining hotel accommodation along with various other perks. 

• Visa Classic Debit Card: EMV chip card for contactless transactions for online and offline shopping even across the globe. 

• RuPay Platinum Debit Card: Customers can avail themselves of personal accident insurance coverage along with other benefits. 

• RuPay Classic Debit Card: Provides shopping benefits both offline and online along with other offers. 

Credit cards: 

The bank offers multiple credit card options that come with various shopping and entertainment benefits along with attractive offers.  

• FIRST Millennia Credit Card: Offers EMI benefits on transactions and balance transfer privileges along with other joining benefits. 

• FIRST Classic Credit Card: This lifetime free credit card offers various complimentary benefits with lifetime valid reward points. 

• FIRST Select Credit Card: Offers travel perks with superior reward program and low interest rates. 

• FIRST Wealth Credit Card: Offers interest-free cash withdrawal facility along with travel insurance and accident coverage. 

• FIRST Wow Credit Card: Lifetime premium benefits with zero annual fee and without the hassle of documentation. 

Co-branded cards: 

IDFC FIRST bank offers a range of multi-purpose and single interface co-branded cards with a host of benefits. These are as follows: 

• IDFC FIRST Bank Sodexo Flexi – Benefits Pass: Employee benefits with seamless app and web-based interface 

• IDFC FIRST Bank Sodexo – Meal Card: Reloadable pin-based card with tax benefits and three years validity 

• IDFC FIRST Bank Sodexo Premium Pass – Celebrations: Reloadable pin-based card with one year validity and country-wide acceptance on RuPay network 

• IDFC FIRST Bank FamPay Prepaid Card: Country’s first prepaid card for teenagers with consent from parents 

Loans: 

The bank offers various loan options to the customers.  

1. Personal Loan: Digital process with flexible tenure of 60 months 

1. Consumer Durable Loan: No cost EMI available with instant approval and flexible tenure of 36 months 
2. Home Loan: Low EMI option with discount on processing fee and a loan tenure of up to 30 years 
3. Loan Against Property: Extendable loan tenure of up to 20 years with funding available against 80% of property value 
4. New Car Loan: Road funding up to 100% with loan tenure up to 10 years 
5. Pre-owned Car Laon: Special repurchase option with tenure up to seven years and refinance option for a value up to 200% 

1. Two-wheeler loan: Paperless loan processing with low down payment and zero processing fee 
2. Commercial Vehicle Loan: Loan on 100% of the market value with affordable EMI options 
3. Vyapaar Vriddhi - Micro Enterprise Loan: Loan for small and micro enterprises with zero collateral 
4. Sakhi Shakti - JLG Loan for Women: Business loan for women with quick processing and simple documentation 
5. Suvidha Shakti: Micro-housing loan with zero collateral with loan tenure ranging between one to three years 

1. Education Loan: Loan up to Rs.75 lakh on over 23,000 courses across more than 3,200 universities worldwide 
2. Professional Loan: Funding up to Rs.1 crore with tenure up to 84 months with zero collateral 
3. Business Loan: Loan up to Rs.50 lakh depending on current account status and GST returns 

Insurance: 

Customers can avail themselves of various types of insurance policies offered by the IDFC FIRST Bank, which are as follows: 

1. Investment Linked Insurance: Offers life insurance coverage with market-linked returns and tax benefits 
2. Term Insurance: Ensures affordable premiums with tax benefits, death benefits and other advantages 
3. Health Insurance: Offers cashless hospitalization in case of illness or accidents 
4. Motor Insurance: Covers accidental damage, injury or death along with cashless easy service at wide network of garages 
5. Home Insurance: Long-term coverage from man-made and natural calamities  

1. Travel Insurance: This covers financial requirements during a trip including medical emergencies, loss of baggage or passport, trip cancellation and many others  
2. Pradhan Mantri Insurance: Offers life and accident coverage of up to Rs.2 lakh with annual payment of Rs.436 and Rs.20, respectively 
3. Atal Pension Yojana: Provides guaranteed pension ranging between Rs.1,000 to Rs.5,000 per month 
4. Business Insurance: Partnered with ICICI Lombard to help meet your business needs 
5. Savings Plan: Partnered with leading insurance providers to meet your financial needs for long-term goals and  

1. Annuity Plan: Partnered with leading insurance providers to offer multiple annuity plans to safeguard your retirement savings 

Investments: 

The IDFC FIRST bank offers multiple investment options to the customers, which are as follows: 

1. Mutual Funds: Multiple fund options for investment with tax benefits and no lock-in period 
2. Sovereign Gold Bonds: Tax benefits along and good returns along with other advantages on GOI-Sovereign Gold Bonds 

1. 3 in 1 Demat & trading account: Joint offering by IDFC FIRST bank and ICICI Securities Limited providing demat, trading and bank account all in one 
2. ASBA: Offers investment option without immediate payment through Initial Public Offering (IPO) 

Banking Service 

The bank offers a range of various other banking services to its customers, which are as follows: 

1. Net Banking: Offers a range of services from sending money within or outside the country and online tax payment to bill payment, recharge and other transactions 

1. Positive Pay: Prevent frauds by authorizing cheques through net banking or app banking services 
2. FASTag: Pay toll taxes, fuel, and parking while on the go and earn descent interest as well 
3. BHARAT QR: Offers hassle-free and secure on spot payment through a two-dimensional QR code 
4. BHIM UPI: Send or receive funds with virtual payment address or pay to anyone in your contact in just few seconds 
5. NACH: Clear recurring payment on time without issuing cheques  

1. WhatsApp Banking: Helps you reach out to the bank representative instantly through WhatsApp