Product Details
Bank Name
IDFC First Bank
Account Name
IDFC First Power Account
Account Type
Saving
Interest Rate
Upto 10 Lakh - 4% Above 10 Lakh And Upto 50 Crore 6.25%
Free Debit Card
Yes Visa Signature Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 25,000
Debit Card Charges
0
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
IDFC First Power Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Interest is credited on a monthly basis.
Free Visa Signature Debit card.
Free unlimited teleconsultations for health checkup.
Users can save up to 20% on family’s health expenses at 16,500 Health partners and pharmacies.
Free NEFT/RTGS/IMPS transactions.
Cons
Low interest rate if you account balance is below 10 lakh.
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
You can open an account with IDFC First Bank either online or offline. Here's how:
Online:
Visit the IDFC First Bank website: Go to the IDFC First Bank website and navigate to the "Open Account" section.
Choose the account type: Select the type of account you want to open (savings account, current account, etc.).
Enter your details: Fill in the required personal and financial information.
Verify your identity: Complete the KYC (Know Your Customer) process using your Aadhaar card and PAN card. You may need to do a video KYC as well.
Fund your account: Deposit the initial amount required to open the account.
Receive your account details: Once your account is opened, you will receive your account number, customer ID, and other relevant details.
Offline:
Visit a branch: Locate the nearest IDFC First Bank branch.
Collect the application form: Obtain the account opening form from the branch.
Fill in the form: Accurately fill in all the required details in the form.
Submit the form and documents: Submit the completed form along with the necessary documents (identity proof, address proof, etc.) to the bank official.
Verification: The bank will verify your documents and process your application.
Account opening: Once the verification is complete, your account will be opened, and you will receive your account details.