IDFC First Bank

IDFC FIRST Bank
4.5

Experience financial freedom with IDFC First Bank's customer-centric approach and innovative loan products. Say yes to your dreams and aspirations with IDFC First Bank loans, where your financial well-being takes centre stage. IDFC First Bank, a pioneer in the banking industry, offers a wide array of financial solutions tailored to meet your needs. With a commitment to excellence, IDFC First Bank is your trusted loan partner. Their seamless application process ensures quick approvals, while competitive interest rates make borrowing affordable.

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Loans offered by IDFC FIRST Bank

IDFC FIRST Bank LoansInterest RateProcessing FeeLoan Amount/Tenure

IDFC FIRST Bank Personal Loan

10.49% - 36%

Up to 3.5% of the loan amount

₹20K - ₹1Cr

Tenure(0 - 5 Years)

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IDFC FIRST Bank Home Loan

8.75% - 10.5%

Up to 3.5% of the loan amount

₹1L - ₹10Cr

Tenure(1 - 30 Years)

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IDFC FIRST Bank Loan Against Property

9% - 20%

Up to 3% of loan amount

₹10L - ₹7Cr

Tenure(1 - 20 Years)

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IDFC FIRST Bank Business Loan

10.5%

Up to 3.5%

₹1L - ₹9L

Tenure(Up to 4 Years)

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Features and Benefits of IDFC First Bank

The IDFC First Bank has positioned itself as a consumer-friendly brand. The bank establishes its distinctiveness to attract potential customers with the following features.

  • High Returns on Savings: IDFC First Bank’s commitment to its consumer-first philosophy is visible in the exceptional interest rates it provides on savings accounts. Customers can earn interest as high as 7% over their IDFC savings account. 
  • Ethically Inclined: The bank greatly emphasises social good as a financial institution. The bank’s service integrity has resulted in high customer satisfaction. From IDFC loans to IDFC accounts, the bank ensures customers get the right help.
  • No Additional Charges: When almost every bank levies extra charges over their services, IDFC First Bank offers as many as 25 key services without any extra cost to its reliable customers.
  • Rapidly Growing: Within a short span, the bank has established a robust network of over 500 branches which is expanding daily. Spread across the country, IDFC Bank ensures easy accessibility of financial services to its customers anywhere and everywhere.
  • A Bank for Everyone: IDFC First Bank pledges unparalleled financial support to every customer. It prioritises financing the needs of small entrepreneurs and customers. The bank covers even those generally left out of the banking purview - NRIs, senior citizens and women applicants. The bank aims to ensure financial freedom and economic independence for everyone.

Overview of IDFC First Bank

IDFC First Bank is an Indian private sector bank formed by the 2018 merger of IDFC Bank and Capital First. IDFC First Bank loans are particularly popular among Indian borrowers. Though a young player in the banking sector, it is backed by years of experience and the expertise of its founders. With the motto ‘Always You First’, IDFC Bank emphasises customer-friendly banking backed by solid technology. The bank's primary objective is ensuring financial security and generating customer wealth.

Vision

“To build a world class bank in India, guided by ethics and customer-first values, powered by cutting-edge technology, and be a force for social good.”

Mission

“We want to touch the lives of millions of Indians in a positive way by providing affordable, high-quality banking products and services to them.”

Services Offered by IDFC First Bank

IDFC First Bank is a complete bank. By combining traditional banking with updated technology, the bank truly leaves no stone unturned. 

Personal Banking

IDFC’s retail banking services make financial assistance accessible to everyday customers. Their personal banking spectrum includes a suite of affordable products and services. IDFC consumer loans, savings accounts, fixed deposits and term insurance are popular personal banking products. The lender also provides a special ‘Easy Banking’ portal to simplify the user’s experience. Minor’s savings account, Honor First Defence Account and zero balance savings account are unique bank offerings.

Business Banking

IDFC First Bank provides financial empowerment to business owners and entrepreneurs through its Business Banking services. Current accounts and IDFC loans are their most popular Business Banking products. The IDFC First Booster Current Account, Startup Solutions, Forex Solutions and SME loans are some of its leading business banking products. An established business giant and a budding startup are welcomed alike by the bank.

Mobile Banking 

The ‘IDFC First Bank App’ can be easily downloaded to smartphones via the app stores. With a fresh design and a polished UI, the mobile application streamlines all the key banking services to a user’s fingertips. IDFC First Bank simplifies bill payments, fund transfers, account management and mutual investments through its mobile app. Once logged in, you’re ready to go!

Wholesale Banking 

IDFC First Bank is among the rare Indian banks offering wholesale banking services. Wholesale banking caters to large-scale borrowers like governments, mortgage brokers and institutional lenders. The bank’s end-to-end automation and service encryption ensure the operations' security. Export-Import Finance, Liquidity Solutions and Corporate FX Market are some banks highlighting wholesale banking services. 

NRI Banking

The IDFC First Bank allows Non-Resident Indians to access banking services in India from any part of the world at any point in time. Non-Residential External (NRE) and Non-Residential Ordinary (NRO) are the two types of NRI accounts the bank offers. Easy currency conversions, rewarding savings accounts, IDFC First Bank loans and instant PIS accounts are some of the distinguishing features of IDFC NRI Banking.

Exclusive Services

The bank provides specialised services under its First Select, First Wealth and First Private banking services. The bank’s First Select banking services offer exclusive benefits and financial privileges to select customers. The First Wealth Banking offers a higher-end banking experience with lifetime free credit cards and other customised banking solutions. Moreover, the exclusive set of bank’s First Private customers are eligible for one-on-one personalised banking solutions and expert investment guidance.

Contact Number

If you have any query then IDFC offers experts, based upon the product category.
Product Numbers to connect
CASA, Deposits and accounts  1800 419 4332
Loans 1860 500 9900
Rural Banking 1800 419 8332
NRI  022 6248 5152
Credit Card 1860 500 1111

Registered Office Address

IDFC FIRST Bank Ltd, KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai - 600031, Tamil Nadu, India

Corporate Office Address

IDFC FIRST Bank Ltd, Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra East, Mumbai - 400051, India

Email ID

customer.care@idfcfirstbank.com sampark@idfcbank.com

FAQs

From refinancing to reducing your interest, we have the answers right here.

How can I open an IDFC Bank account online?

You can open an IDFC bank account online by clicking on the savings account option on the homepage. Then all you have to do is enter your name, mobile number, email address, Aadhaar number, occupational details and complete your KYC process.

What is IDFC Bank minimum balance?

IDFC bank provides its customers an option of opening a zero balance savings account. This means that the account holders are not required to maintain a minimum balance in their account.

Can I open a bank account in IDFC bank with zero balance?

Yes, any Indian resident is eligible to open a zero balance savings account with IDFC bank.

What is the maximum limit in IDFC Bank?

The maximum limit for ATM withdrawals is Rs. 1,00,000 and the limit for daily purchases is Rs.1,50,000.

How can I increase my transaction limit in IDFC?

You can increase your transaction limit for IDFC bank either through its mobile application or by logging into your netbanking account.

How can I contact IDFC FIRST Bank?

You can contact IDFC customer service on 1860 500 9900. Alternatively, you can also choose to contact them by email on banker@idfcfirstbank.com.

What is the swift code of IDFC Bank?

The swift code for IDFC bank is IDFBINBBMUM.

How can I know my IDFC Bank IFSC code?

If you know the name and location of your branch, you can look for the IFSC code online on the RBI website. If not, you can always contact IDFC customer service and request for the details. Further, the IFSC code is also mentioned on the account holder’s passbook, chequebook and bank statements.

How to set MPIN for IDFC First Bank?

Given below are the steps to set MPIN for IDFC bank:

  • Click on ‘MPIN’ on the netbanking app login page.
  • Click ‘Setup MPIN’.
  • Enter username and password.
  • Verify number by entering OTP.
  • Set a 4-digit MPIN of your choice.

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