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Silver Plus Current Account

Grow Your Business with Confidence with an IDFC FIRST Bank Current Account. IDFC FIRST Bank Silver Plus Current Account is designed to offer you the flexibility and convenience you need for everyday banking. With easy access to your funds, unlimited transactions at IDFC FIRST Bank ATM, and a range of digital banking tools, managing your finances has never been easier. Enjoy instant access to your funds, easy bill payments and flexibility of making business payments all at your convenience. With a low average monthly balance maintenance requirement, free online banking, and secure debit card access, our current account ensures you get all you need. Open a Silver Plus Current Account with us today and experience seamless banking at your fingertips. Read more

Why Choose Silver Plus Current Account

Empower your enterprise with the ultimate Current Account solution

All-in-one App

A single app with 100+ features that meet both personal and business financial needs

Free Cash Deposit

Enjoy Free Cash deposit limit of 10 times of current month AMB, subject to a maximum cap of ₹50 Lakhs

Zero Fee Banking

Save on banking charges with free NEFT and RTGS transactions

Bank from Anywhere

Every branch is the home branch, ready to serve you.

VISA Platinum Debit card

Daily ATM limit of ₹1 Lakh and Purchase limit of ₹2 Lakhs

Cash Management Solutions

Benefit from a suite of payment and collection solutions to optimize your cashflows

What makes Silver Plus Current Account more Rewarding

Elevate your business with our Silver Plus Current Account proposition

All benefits are available on maintenance of average monthly balance of ₹ 25,000

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Visa Platinum Business Debit Card -
Features & Benefits

When the Silver Plus Current Account is opened, account holders receive access to the Visa Platinum Business Debit Card, designed to offer convenience and spending flexibility.

Complimentary access to domestic airport lounges, available once per quarter

Personal Accident Insurance cover of up to ₹35 lakh and Air Accidental Insurance cover of up to ₹1 crore, based on terms and conditions

Unlimited and free transactions in any IDFC FIRST Bank ATM across India

Higher daily purchase limit of up to ₹2 Lakh and an ATM withdrawal limit of up to ₹1 Lakh

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Your Silver Plus Current Account

Who can apply?

The following constitutions are broadly eligible to open an account:

Hindu Undivided Family (H.U.F.)

Sole proprietorship

Partnership

OPC / Private / Limited Company

Limited Liability Partnership

Resident Individual

How to Open a Silver Plus Current Account

Opening a Silver Plus Current account online is simple. The following are both online and offline processes:

Online
Offline

Step 1

Click on the "Open Account" link to start your journey

Step 2

Fill in basic details like pin code, email ID, mobile number, and business name

Step 3

Our bank representative will contact you to complete the process and assist your through the process

Prefer offline assistance? Visit your nearest IDFC FIRST Bank branch to get started.

Locate your nearest IDFC FIRST Bank branch

Documents Required for Silver Plus Current Account

The IDFC FIRST Bank Silver Plus Current Account can be opened by an individual, a company, a firm, a society, or a business that meets specific criteria.

2 documents in the name of Entity

Address proof in the name of entity

Proprietor Document – (Photo, PAN copy and 1 OVD document copy)

Nature of Industry proof (In case not indicative in Entity documents, please check for Invoice Copy, Bill of Entry, Freight Invoice, Agreement Copy)

The final document list may vary by current account variant and regulatory requirements.

Click here to learn more about required documents.

Silver Plus Current Account Fees & Charges

Silver Plus

Average Monthly Balance Requirement

₹25000

Cash Deposit Free Limit (Home Branch)/
Cash Deposit Free Limit (Non-Home Branch) /
Cash Deposit Free Limit (ATM)

10 times Current month AMB (Max - ₹50 Lakhs p.m.)

Charges for Non-maintenance of Required Balance

₹1000

Cash Deposit Charges Beyond Free limit

₹3 per Rs. 1000 Min. ₹50

Cash Withdrawal

Free

Cheque Book Issuance

If AMB is maintained: Free up to 100 cheque leaves p.m.
If AMB is not maintained: Free up to 25 cheque leaves p.m.
Charges beyond free limit: ₹2 per leaf

Cheque Return Charges

Issued:
Up to 2nd: ₹500 per cheque; 3rd onwards: ₹750 per cheque
Deposited: ₹200 per cheque

ECS/NACH Return

Up to 3 returns: ₹350 per instance;
4th return onward: ₹750 per instance

Click here Fees and Charges

Find out about our minimal and transparent fees & charges View Fees & Charges

The Silver Plus Advantage for Your Business

The Silver Plus Current Account by IDFC FIRST Bank can help make transactions simple and cost effective. This account can be chosen for the following reasons:

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Frequently Asked Questions

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Min. Balance

Charges

Transactions

Debit Card

Banking Access

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What is the minimum AMB for IDFC FIRST Bank Silver Plus Current Account?

The minimum Average Monthly Balance (AMB) requirement for IDFC FIRST Bank’s Silver Plus Current Account is ₹25,000. Charges may be applicable if the AMB is not maintained.

Is there a joining fee for the Silver Plus Current Account?

There is no joining fee for the Silver Plus Current Account. The account holder must just maintain an Average Monthly Balance (AMB).

What is the free cash deposit limit for Silver Plus Current Account?

The free cash deposit limit for the Silver Plus Current Account at the ATM, home and non-home branches is 10 times the current month AMB. It can therefore go up to Rs. 50 Lakhs per month.

Can I transact at any IDFC FIRST Bank branch with the Silver Plus account?

Yes, you can make various transactions at any IDFC FIRST Bank branch nationwide with the Silver Plus Account.

Which debit card is issued with the Silver Plus Current Account?

IDFC FIRST Bank issues the VISA Platinum Business Debit Card with this account. It features free transactions, high limits and offers complementary benefits.

What digital banking tools are available for Silver Plus Current Account holders?

For this account, digital tools such as WhatsApp banking, automated solutions, mobile and net banking and doorstep banking are available.

What is the difference between Silver and Silver Plus Current Account?

The major difference between the Silver and Silver Plus Accounts lies in their AMB requirements: ₹10,000 for the former and ₹25,000 for the latter. The maximum free cash deposit limits also differ.

How do I upgrade from Silver Plus to Gold Current Account?

To upgrade a Silver Plus Account to a Gold Current Account, you may need to complete the Account conversion form and submit it with the SOC for the applied variant.
Alternatively, you can upgrade the account through net banking or mobile application with ease as well.

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