Product Details
Bank Name
IDFC Bank
Account Name
IDFC Vishesh Savings Account
Account Type
Savings Account
Interest Rate
Upto 1 Lakh - 3%. Above 5 Lakh And Upto 10 Lakh 5%. Above 10 Lakh And Upto 25 Crore: 7.25%. Above 25 Crore and upto 50 Crore: 6.50%. Above 50 Crore: 6%.
Free Debit Card
Rupay Platinum Debit card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance (AMB) of 5000
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
IDFC Vishesh Savings Account
Special Features
None
Eligibility Criteria
Resident Individuals
HUF
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Users will get monthly interest credit.
Users will get Rupay Platinum Debit card with host of offers.
Users will get free NEFT & RTGS facility.
Cons
Very few features.
IDFC Vishesh Savings Account Review
The account comes with decent interest rate, the account also offers decent value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
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.