IDFC FIRST Bank Savings Account
Partner Reward: Earn up to ₹600
How to Earn
Program Objective
Refer eligible customers to open an IDFC FIRST Bank Savings Account. Once the account is successfully opened, funded, and verified, you become eligible for the referral reward.
Important Requirements
Before starting the application, ensure the customer:
- Is opening a new IDFC FIRST Bank Savings Account.
- Makes a minimum initial deposit of ₹10,000 during account opening.
- Does not already have an IDFC FIRST Bank account.
- Completes all verification steps successfully.
Account Opening Process
Step 1: Share Your Referral Link
Send your referral link to the customer and ask them to begin the application through that link.
Step 2: Complete Basic Information
The customer should provide:
- Aadhaar-linked mobile number
- Full Name
- Date of Birth
- Email Address
- PAN Card details
- Aadhaar Number
The mobile number will be verified through OTP authentication.
Step 3: Enter Personal Details
Applicants will need to submit:
- Communication address
- Occupation
- Income details
- Salary information (if applicable)
- Mother’s name
Step 4: Select Funding Option
The customer should choose the preferred funding option and complete the required initial account funding.
Step 5: Complete Video KYC
The applicant must finish the Video KYC process using valid identity documents.
For a smooth verification process, keep the following documents ready:
- PAN Card
- Aadhaar Card
- Pen and paper (if required during Video KYC)
Customer Eligibility
Applicants should generally meet the following requirements:
- Minimum age of 18 years
- New customer to IDFC FIRST Bank
- Valid Aadhaar and PAN
- Aadhaar-linked mobile number
- Able to complete Video KYC
- Meets the bank’s internal eligibility criteria
Final approval is subject to IDFC FIRST Bank’s verification process.
Product Overview
The IDFC FIRST Bank Savings Account is a digital banking solution that offers convenient account management, online banking services, attractive savings features, and secure digital transactions. Customers can complete the application online with a simple onboarding process.
Key Customer Benefits
Digital Banking
- Fully digital account opening process.
- Convenient online banking and mobile banking services.
Savings Benefits
- Competitive interest on eligible savings balances, subject to the bank’s prevailing rates.
- Monthly interest credit on qualifying savings balances.
Everyday Banking
- Free digital banking services on eligible account variants.
- Unlimited ATM withdrawals where applicable under account terms.
- Easy fund transfers and bill payments.
Secure Banking Experience
- Video KYC for convenient identity verification.
- Safe and reliable digital banking platform.
Common Reasons for Application Rejection
Applications may not qualify if:
- The account opening process is not completed in a single journey.
- The customer already has an existing IDFC FIRST Bank account.
- The application is not successfully tracked.
- Mandatory KYC or verification remains incomplete.
- The required initial funding is not completed.
- Submitted information is incorrect or inconsistent.
Ideal Customer Profile
This savings account is suitable for:
- First-time IDFC FIRST Bank customers
- Salaried professionals
- Self-employed individuals
- Students and young professionals
- Customers seeking a digital savings account
- Individuals who prefer online banking and paperless account opening
Referral Best Practices
- Confirm that the customer is a new IDFC FIRST Bank user.
- Inform them about the mandatory initial funding requirement.
- Ensure all information matches PAN and Aadhaar records.
- Help the customer complete Video KYC without interruptions.
- Follow up until the account is successfully opened and verified.
- Submit only genuine referrals to improve approval rates and successful payouts.