IDFC First Bank Savings Account Interest Rate & Minimum Balance 2025
IDFC FIRST Bank offers competitive interest rates of up to 7.25% per annum, credited monthly. With zero-fee banking options, multiple account types, and digital account opening, it’s an ideal choice for both salaried individuals and senior citizens. Learn about interest slabs, account types, balance requirements, and how to open your account online in this comprehensive guide.
What is an IDFC First Bank Savings Account?
IDFC First Bank savings account is a high-interest savings account. Compared to a standard savings account, this account offers you better returns on your savings account balance. With this account, IDFC First Bank offers zero-fee banking and a monthly interest credit. Based on your requirements, you can choose among different types of accounts.
Types of Savings Accounts in IDFC First Bank
Given below are the types of IDFC First Bank savings accounts available for you to choose from:
Account Type | Key Features |
| Regular Savings Account | High interest rates up to 7.25% p.a., monthly interest credit, zero-fee banking, requires maintaining a minimum balance. |
| Senior Citizen Savings Account | Tailored for individuals aged 60 and above, offers higher interest rates, free doorstep banking, and priority services. |
| FIRST Power (Women's Account) | Designed for women, provides preferential interest rates, premium debit cards, and exclusive offers. |
| Minor's Savings Account | For minors under guardian supervision, offers high interest rates and secure banking features. |
| FIRST Prodigy (Self-Operated Minor) | Self-operated account for minors aged 10 to 18, includes educational benefits and digital banking tools. |
| Corporate Salary Account | Zero balance requirement, unlimited ATM transactions, and exclusive benefits for salaried individuals. |
| Honour FIRST Defence Account | Specially for Indian armed forces personnel and veterans, includes personal accident insurance and other exclusive benefits. |
| Nation FIRST Salary Account | Designed for government employees, offers zero balance requirement and additional perks like insurance coverage. |
| NRI Savings Account | Available in NRE and NRO variants, offers monthly interest credits, tax benefits, and international debit cards. |
| Future FIRST Savings Account | Zero balance account for students, provides high interest rates and educational benefits. |
| Salary Booster Account | Overdraft facility linked to salary account, allows access to funds before salary credit with minimal documentation. |
| Pratham Savings Account (BSBDA) | Basic Savings Bank Deposit Account with zero balance requirement, offers essential banking services without any charges. |
How Much Minimum Balance is Required in IDFC First Bank?
The IDFC bank saving account minimum balance depends on your savings account type:
Account Type | Minimum Balance Requirement |
| Regular Savings Account | ₹25,000 |
| Senior Citizen Savings Account | ₹25,000 / ₹10,000 (variant-based) |
| FIRST Power (Women's Account) | ₹25,000 / ₹10,000 (variant-based) |
| Minor's Savings Account | ₹25,000 |
| FIRST Prodigy (Self-Operated Minor) | ₹25,000 |
| Corporate Salary Account | ₹0 (Zero Balance) |
| Honour FIRST Defence Account | ₹0 (Zero Balance) |
| Nation FIRST Salary Account | ₹0 (Zero Balance) |
| NRI Savings Account | ₹25,000 |
| Future FIRST Savings Account | ₹0 (Zero Balance) |
| Salary Booster Account | ₹0 (Zero Balance) |
| Pratham Savings Account (BSBDA) | ₹0 (Zero Balance) |
Features and Benefits of IDFC First Bank Savings Account
IDFC bank savings account offers multiple savings accounts with different benefits and features:
- Zero charges on IMPS, NEFT, RTGS, ATM transactions, debit card issuance, and SMS alerts
- Earn up to 7.25% p.a. interest with monthly credit and daily balance calculation
- Unlimited free ATM withdrawals across all bank ATMs in India
- Quick and paperless online account opening with video KYC
- Debit cards with daily POS limit up to ₹6 lakh and ATM withdrawal up to ₹2 lakh
- Complimentary airport lounge access for eligible debit cards
- Personal accident cover up to ₹35 lakh and air accident cover up to ₹1 crore
- Cashback and discounts on partnered brands and debit card spends
- Mobile app with expense tracking, bill payments, and balance insights
- 24x7 customer support via phone, app, and WhatsApp
How To Open an IDFC First Bank Savings Account Online?
These are the steps to open an IDFC bank savings account online:
- Visit the official IDFC FIRST Bank website.
- Navigate to the “Accounts” section and select “Savings Account.”
- After that, you need to enter your basic information on the next page.
- Fill in your details and choose the savings account product according to your preference.
- After submitting the necessary information, your account will be created following verification.
- Once your account opening is successful, the bank will send you the welcome kit documents along with a debit card to your Aadhaar address.
IDFC First Bank Savings Account Interest Rate 2025
The IDFC bank savings account interest rate is as follows:
Balance Range | Interest Rate (% p.a.) |
| Up to ₹5 lakh | 3.00% |
| Above ₹5 lakh to ₹10 lakh | 5.00% |
| Above ₹10 lakh to ₹100 crore | 7.25% |
| Above ₹100 crore to ₹200 crore | 4.50% |
| Above ₹200 crore | 3.50% |
IDFC First Bank Savings Account Interest Rate for Senior Citizens
If you are a senior citizen, you can open a Senior Citizen Savings Account to get up to 7.25% on your savings account balance. The interest you earn will be credited to your bank account every month. However, the IDFC bank saving account interest rate of this savings account is as per the above interest rates table.
Penalty for Not Maintaining Minimum Balance in IDFC First Bank Savings Account
Effective January 1, 2025, IDFC First Bank simplified the minimum balance charges. Depending on your account's monthly average balance, IDFC First Bank will charge 6% of the AMB shortfall or ₹500 (whichever is lesser).
Final Word
Now, you have all the information regarding the IDFC bank savings account interest rate, charges, and account types. In case you face any problem with your IDFC bank savings account, you can contact the customer support team at 1800 10 888.
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2. Bank of India Savings Account Interest Rate
3. Bank of Maharashtra Savings Account Interest Rate
4. DCB Bank Savings Account Interest Rate
5. Federal Bank Savings Account Interest Rate
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