March 27, 2026

IDFC First Bank Savings Account Interest Rate

A savings account is one of India's most widely used investment options. It helps with day-to-day banking needs of many individuals. IDFC First Bank provides a range of savings accounts to individuals to meet the banking needs of their customers. You can enjoy attractive IDFC First Bank savings account interest rate with some additional benefits.
Here's more about IDFC First Bank savings account.

IDFC First Bank Savings Account

This bank offers the industry's unrivalled savings account interest rates. Currently, it is offering an interest rate of 4% on savings accounts balance of up to ₹10 lakh. Also, IDFC First Bank's savings account interest rate is up to 6.25% p.a. on savings account balances of more than ₹10 lakh and up to ₹50 crore. You are allowed to get interests on the progressive balances for particular interest rate slabs.
In addition, the bank enables you to open a savings account through two modes- offline and online. Here is the list of two types of IDFC First Bank channels.

Online Savings Account

To avail hassle-free banking experience, you can instantly open an IDFC First Bank savings account using Aadhaar-based eKYC. This account has no hidden fees and comes with a free lifetime VISA signature debit card that offers several rewards, deals and other value-added benefits. Besides, you can earn up to 6% interest p.a. with excellent insurance offers, including lost car, accident, purchase protection and other additional benefits.
The IDFC savings account minimum balance is ₹25,000. It provides a VISA signature debit card for free, but only after in-person verification. Moreover, if an individual uses all of the account's benefits, one can save up to ₹10,000 per year through discounts.

Eligibility Criteria And Documents Required

All individuals residing in India can open an IDFC First Bank savings account. Besides, you must have an Aadhaar or PAN card and a mobile number linked with your Aadhaar Card. You can provide your Aadhaar enrolment number along with any of the following documents if you have not received your Aadhaar card yet:
  • Voter ID card
  • Passport
  • Permanent Driving License
  • Job card issued by NREGA duly signed by an officer of the State Government.

Offline Savings Account

IDFC First Bank provides savings account specially designed for minors, senior citizens, and women with premium benefits and features. Here is the list of the type of offline savings accounts:

Senior Citizen’s Savings Account

This savings account is designed for senior citizens and offers the following significant features:
  • Privileged treatment at the bank
  • Free doorstep banking
  • Free VISA Signature Debit Card for life
  • Preferential rates on recurring and fixed deposits
Individuals aged 60 or above can open this account. In addition, they must have an identity and address proof.

Minor Savings Account

This savings account is significantly designed for children aged below 18 years. With the help of this savings bank account, children can learn about money management basics. Account holders can get up to 6% p.a. on the daily end-of-day balances, paid quarterly.

Param Savings Account

It is a minimum balance savings account. This savings account offers the following features:
  • Free debit cum ATM card
  • A minimum average quarterly balance of ₹1000 needs to be maintained.
To open a Param Savings Account with IDFC First Bank, you need to meet the following criteria:
  • Resident individuals
  • Sole proprietorship
  • HUF (Hindu Undivided Family)
  • TASC (Total Administrative Services Corporation)
  • SHG (Self-Help Group)

Vishesh Savings account

This is another minimum balance savings account with a free debit card. Some of the salient features of this account include:
  • Vishesh Platinum debit card with online fraud cover of ₹2 lakhs and personal accident insurance cover of ₹2 lakhs.
  • In this account, an average quarterly balance of ₹5000 is mandatory.
Here the eligibility criteria are similar to Param Savings Account.

Pratham Savings Account

It is a zero-balance savings account. The Pratham Savings Account from IDFC First Bank offers multiple banking services and benefits:
  • No hidden charges
  • You can earn interest rates on the available account balance
  • No monthly minimum balance requirement
  • Quick banking transactions at all micro-ATMs
  • You can open your account instantly using your Aadhaar number at an IDFC First Bank micro-ATM or branch near you.
All individuals residing in India can open Pratham Savings Account with IDFC First Bank. Notably, you can apply for this investment option if you have a savings account with a different financial institution.

Shakti Savings Account

It is another low minimum balance savings account that helps you to fulfil all banking needs conveniently. Some of the crucial features of this savings account are:
  • You can get ₹2 lakhs of online fraud coverage and ₹1 lakh as personal accident insurance cover.
  • It comes with a low average monthly balance of ₹100
  • Eligibility: Resident individuals or Hindu Undivided Family (HUF) can operate this account.
Opening a savings account with IDFC is hassle-free and involves no complicated procedure. You can open a bank account online and upload the required documents to activate your savings account in just a few clicks. Alternatively, you may visit your nearest banking branch and submit the application form in person.
Regardless of the financial position, one should open a savings account as it helps to overcome fiscal concerns. Being one of the leading banks, IDFC FIRST offers one of the best interest rates, allowing their customers to earn considerable interest. However, the IDFC First Bank savings account interest rates vary based on the type of savings account, premium features, and benefits.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

HDFC Bank Savings Account

The HDFC bank offers several different services and products, and savings accounts are one of them. A savings account is a deposit account with the bank. Unlike most investments, savings accounts offer complete flexibility regarding when and how you access the funds. This implies that you have full control over when and how you access the money in your account.

Development Credit Bank (DCB) Bank Savings Account

Development Credit Bank (DCB) was established as a planned commercial bank, regulated by the RBI, in the 1930s and is proposed as a commercial bank with modern infrastructure. It follows the digital transformation of banking and financial assistance to its customers, providing internet and online banking support to various individuals and businesses. DCB Bank is a new-generation private bank with 410 branches and approximately 1 million customers across India as of 30th September 2022. Its promoter group, AKFED - Aga Khan Fund for Economic Development & Platinum Jubilee Investments Ltd. owns less than 15% of shares. The primary objective of DCB bank is to promote entrepreneurship and build healthy businesses. DCB Bank's core segments are Government, Retail, Agriculture, Micro SMEs, SMEs, Medium Enterprises, Commodities, Indian Banks, Public Sector, Cooperative Banks, and Non-Banking Financial Companies (NBFCs). DCB bank savings account offers individuals a variety of options to help its customers get the most out of their money and meet diverse banking needs. DCB bank savings accounts are professionally managed and have the latest technology, including state-of-the-art internet banking for individual and corporate customers. Different banks have introduced different types of savings accounts with varied features. In this blog, we will look at the banking opportunities provided by DCB bank savings accounts.

Everything You Need to Know About Axis Bank Salary Accounts

As an organisational leader, one of the best ways to reward your employees is to open a salary account at a reputable bank. This has several advantages, both for the organisation and the employees. Among the many options available, one of the most ideal would be the Axis Bank Salary Account. Axis Bank is one of India's most prestigious, renowned, and acknowledged banks, offering organisations different salary accounts for easy rewards. Axis Bank's ULTIMA Salary Accounts offer unlimited cashback, lifestyle perks, and wealth management solutions to the employees providing seamless access to monthly salaries. From the given options, you can open an Axis bank salary account that best fits your employee's job profile and offers your employee countless additional benefits, including a dedicated debit card. Employee benefits and other benefits like senior ID cards, domestic travel plans, high-interest rates on fine dining, movie tickets, cashback, etc., make an Axis bank salary account the best in class. Account holders, including defence personnel, are also given unique benefits. Read on to learn about the features, benefits, and interest rates offered for the various Axis bank savings accounts!

HDFC Bank Mobile Banking: App, Login, & Registrations

HDFC Mobile Banking refers to financial transitions and communication between HDFC bank and its customer using a smartphone or tablet. For instance, the bank may send a mobile alert on the customer's registered mobile number to inform them of a debit or credit to their account. The customer may also use their mobile phone for bill payments, paying credit card dues, transferring funds, and checking the account balance. HDFC bank provides its customers with a new-age banking channel, the HDFC mobile banking app, to access top-notch banking services. It is a convenient, safe and secure mobile banking app and is indispensable for customers who are always on the move. It allows customers to use the banking feature from their smartphone or mobile browser to affect over 75 transactions anywhere, anytime. The mobile banking service is easy to access. For the HDFC mobile banking login, the customer only needs to download and activate the app using their customer ID and IPIN. Alternatively, they can use their biometrics or set up a Quick Access Pin (QAP).