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Product Details
Bank Name

IDFC First Bank

Account Name

IDFC First Senior Citizen Saving Account

Account Type

Saving

Interest Rate

Upto 10 Lakh - 4% Above 10 Lakh And Upto 50 Crore 6.25%

Free Debit Card

Yes. Visa Platinum Card

IDFC First Senior Citizen Saving Account
Account Opening Fees

Nil

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 Senior Citizen Saving Account

93.2
Special Features
Priority treatment on bank branches.
Eligibility Criteria

Indian resident above 60 can open this account.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Interest is credited on a monthly basis.

  • Free Visa Platinum Debit card.

  • Users will get complimentary Health benefits for 1 year with MediBuddy.

  • Free NEFT/RTGS/IMPS transactions.

  • Free doorstep banking, preferential rates on fixed, and recurring deposits and priority service at branches.

  • Lifetime IHO (Indian Health Organization) membership gives you unlimited tele-consultation.

  • Users will get free and unlimited ATM transactions: at any bank, anywhere in India.

  • Users will get a higher daily purchase limit of ₹6 lakh and higher daily ATM withdrawal limit of ₹2 lakh.

  • Users will get complimentary domestic airport lounge access, once every quarter.

  • Users will get lost card liability protection of up to ₹6 lakhs.

  • Users will get free personal accident insurance cover of Rs. 35 lakhs and air accident insurance cover of Rs. 1 crore.

Cons
Debit card is provided free only on maintaining a balance of INR 25,000 in your account.
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:

  1. Visit the IDFC First Bank website: Go to the IDFC First Bank website and navigate to the "Open Account" section.

  2. Choose the account type: Select the type of account you want to open (savings account, current account, etc.).

  3. Enter your details: Fill in the required personal and financial information.

  4. 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.

  5. Fund your account: Deposit the initial amount required to open the account.

  6. Receive your account details: Once your account is opened, you will receive your account number, customer ID, and other relevant details.

Offline:

  1. Visit a branch: Locate the nearest IDFC First Bank branch.

  2. Collect the application form: Obtain the account opening form from the branch.

  3. Fill in the form: Accurately fill in all the required details in the form.

  4. Submit the form and documents: Submit the completed form along with the necessary documents (identity proof, address proof, etc.) to the bank official.

  5. Verification: The bank will verify your documents and process your application.

  6. Account opening: Once the verification is complete, your account will be opened, and you will receive your account details.

Application Procedure
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