IDFC First Bank Salary Account | Benefits & Updated Guide

Key Insights 
 

1. You can earn a 7% interest rate per year on your IDFC First Bank Salary Account.
    
2. You can get a ₹2,00,000 withdrawal limit through the IDFC ATM daily in the IDFC First Bank Salary Account.
    
3. You can verify the required documents for an IDFC First Bank Salary account, including Aadhaar Card, PAN Card, Form 60, and others.

Looking for ways to make your salary grow and manage your spending better? The IDFC FIRST Bank salary account benefits include high interest rates and no minimum balance needed.

IDFC Bank provides you with seamless transactions, personalised services and access to a wide range of ATMs. IDFC Bank salary account offers a complimentary debit card, a zero-balance account, and additional complimentary services.

Example:

Dev gets a job at a fintech company. He opened an IDFC First Bank salary account and got a free debit card, a monthly interest credit on your savings, and can access NEFT/RTGS online banking services in the IDFC First Bank.

Dev's Salary is ₹33,000 per month, but he did not pay the account maintenance charges because IDFC First Bank offers a zero-balance salary account.

This example demonstrates how Dev uses IDFC First Bank's benefits and features.

Key Features and Benefits, Interest Rates of IDFC First Bank Salary Account

“Mai salary account open to karwa lu par milega kya?”. If so, then you must continue reading, as the list below outlines the interest rates, features, and advantages of the IDFC First Bank salary account.

These are the features, benefits, interest rate, and eligibility criteria of the IDFC First Bank salary account.

Bonus Tip: Did you know that? The IDFC First Bank Salary Account offers air accident insurance coverage of ₹1 Crore.

Required Documents for IDFC First Bank Salary Account 

“Yaar ab documents kon kon se dene hoge”? If you want to know about the documents required to open an IDFC First bank salary account with a zero balance, then you should continue reading.

To open a digital bank account, you will need:
 

• Your Aadhaar number
• Your PAN number or Form 60

To open a bank account in person, you will need:
 

• Latest passport-size photo
• A PAN card

Any one of the following documents:
 

• Aadhaar card
• Passport
• Voter’s Identity Card (Election Card)
• A valid driving licence with your photograph
• A job card issued by NREGA, signed by a State Government official
• A letter from the National Population Register that includes your name and address details.

These are the documents you can use when you want to open a salary account with IDFC Bank.

How to Open an IDFC Bank Salary Account?

Would you like to open an IDFC Bank Salary account? If the answer is yes, detailed information is available below about opening a salary account with IDFC Bank.

Here are the online and offline processes for opening an account with IDFC Bank.

Online Process of the IDFC First Bank Salary Account
 

1. Go to the official IDFC FIRST Bank website.
2. Navigate your cursor to the Accounts option and select the Corporate Salary Account Option.
3. Upload the required documents, such as your Aadhaar card, PAN card, and proof of employment.
4. Finish the KYC process by either joining a video call or using OTP-based Aadhaar verification.
5. You will get confirmation by email and SMS once your account is active.

Enjoy a simpler way to bank. Open your IDFC Salary Account online in minutes and get zero-balance benefits right away.

Offline Process of the IDFC First Bank Salary Account
 

1. Go to your nearest IDFC FIRST Bank.
2. Inform the bank representative that you wish to open a salary account and request the application form.
3. Please fill out the form with your personal and professional details.
4. Then, provide the required documents, such as your Aadhaar Card and PAN Card, along with the completed form.
5. When an IDFC First bank official checks your details and application, you should verify your identity in person.
6. After your details are verified, your account will be activated. You will get a welcome kit with your account details and debit card.

These are the steps you can follow to open an IDFC Bank salary account online and offline with zero balance.

IDFC Bank Salary Account Fees & Charges

“Kya mujhe fees bhi deni hai?” If you don’t know about the fees of the IDFC Bank salary account, then you don’t need to worry because the information below mentions details about the fees.

Here are the various types of IDFC First Bank Salary Account fees associated.
 

These are the fees you have to pay if you open an IDFC First Bank salary account with IDFC First Bank.

Bonus Tip: Did you know? If your average monthly balance falls below ₹500, a 6% charge may apply.

IDFC First Bank Salary Account Customer Care

Do you face any IDFC salary account-related queries? What can you do? Here is the solution:

• Customer Care Number: 1800 10 888 (This number is available 24/7)

• WhatsApp Banking Number: 95555 55555

You can use this information if you face any queries related to the IDFC Bank Salary Account. 

Conclusion 

Done reading? It's time to open an IDFC Bank salary account with exciting features that help you build a strong financial wall between you and economic obstacles. You can open an IDFC First Bank salary account for a better life.

FAQS

Why is IDFC First Bank’s Salary Account better/worse than Axis, HSBC, HDFC or ICICI? (Reddit)

IDFC First Bank’s salary account offers no minimum balance, no monthly fees, and pays a high interest on your balance.

I have a salary account in IDFC Bank. After how many months will it convert to a savings account if I do not use it? (Quora)

If your IDFC Bank salary account has not received any salary credits for three months, it will likely be converted to a regular savings account.

What benefits will be in an IDFC First Bank salary account? (Quora)

IDFC First Bank salary accounts offer zero minimum balance, unlimited ATM withdrawals, and complimentary insurance. Account holders receive competitive interest rates credited monthly and enjoy zero-fee banking on standard services.

Is IDFC suitable for salary accounts?

Yes, IDFC FIRST Bank is a good choice for salary accounts. It offers benefits such as no minimum balance requirement and competitive interest rates of up to 7%.
 

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.