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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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only on the IDFC FIRST Bank app
You plan the launch, we’ll help with the perfect launchpad
*Eligibility - Startups incorporated within 3 years as
Pvt Ltd, LLP, or OPC can open an account with Initial
Payment (IP); IP is waived if DPIIT-recognized,
OR incubator/accelerator-backed, OR
government-accredited.
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Unlimited and Free transactions: Zero charges on IMPS/NEFT/RTGS transaction
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Ease of collection and payment with complementary bulk upload and Virtual Account solutions
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Start your online business with Zero set-up and Annual maintenance charges on Payment Gateway
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Door-step banking: Free GPS-enabled door-step banking
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Unlimited and Free transactions: Zero charges on IMPS/NEFT/RTGS transaction
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Ease of collection and payment with complementary bulk upload and Virtual Account solutions
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Start your online business with Zero set-up and Annual maintenance charges on Payment Gateway
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Door-step banking: Free GPS-enabled door-step banking
Empower Your Startup with the Ultimate Current Account Solution
Free Cash Deposit: Free cash deposit up to 30 Lakhs per month.
AMB Waiver: There is no minimum average balance requirement for the current account upto initial 3 years.
Debit Card:Free Visa Business Signature card with unlimited ATM transactions
All-in-one app: A single app with 100+ features that meet both personal and business financial needs
WhatsApp Banking: Access your accounts anywhere, anytime. Just send a 'hi' to 95555 55555 to get started
Beyond Banking Services: We offer 150+ Beyond Banking offerings to suit your enterprise's needs, including ERP, HRMS, Payroll, Taxation, Legal, Cloud Services, CoWorking Spaces, etc.
First Startup Current Account
First Startup
Current Account
Specialized solution for Startup Segment
- *Nil Balance maintenance requirement for initial 3 years
- Best in class Digital banking platform to monitor all accounts in single glance
- Free Cash deposit up to ₹ 30 Lakh per month
- CMS Services like Bulk payments, maker-checker & virtual Accounts with Nil charges
- Free setups & Nil AMC for Payment Gateway, UPI/QR and POS
- Preferred FX conversion rates and preferred pricing for LC/BG issuance
*Eligibility - Startups incorporated within 3 years as Pvt Ltd, LLP, or OPC can open an account with Initial Payment (IP); IP is waived if DPIIT-recognized, OR incubator/accelerator-backed, OR government-accredited.
ELIGIBILITY
Who can apply?
Apply for our Startup Current Account’ if you fall into the below mentioned criteria
- Incorporated within 3 years from account opening
- Entity must be a Private Limited Company (Pvt Ltd), Limited Liability Partnership (LLP), or One Person Company (OPC)
- Initial Payment (IP) is required at the time of account opening
- IP requirement is waived for startups that meet any one of the following criteria:
- - Hold a valid certificate from the Department for Promotion of Industry and Internal Trade (DPIIT)
- Are associated with a recognized incubator or accelerator
- Have received accreditation from a government agency
Documentation
Limited Liability Partnership (LLP)
- LLP agreements since inception
- Certificate of Incorporation
- LLP Firm Declaration
- Latest list of designated partners
- PAN card copy of the entity
- Address Proof in the name of the Entity
- OVD copy of the Partners / Designated Partners / Authorised Signatories / Beneficial Owners (Including Latest Photograph and Pan card copy)
Company (Public Limited & Private Limited)
- Memorandum of Association (MOA) & Articles of Association (AOA)
- Certificate of Incorporation
- Board Resolution
- Latest List of Directors
- PAN card copy
- Address Proof in the name of the Entity
- OVD copy of the Directors / Authorized Signatories / Beneficial Owners (Including Latest Photograph and Pan card copy)
Schedule of Charges
- Click here to read the Schedule of Charges
Frequently Asked Question
What is a Current Account?
Current Account is an account that is used by business enterprises or self-employed professionals to carry out business-related transactions. It allows businesses to carry out a higher number of transactions daily.
What is a Startup Current Account?
Startup Current Account is a type of current account specially designed to support new age startups and upcoming new businesses keeping in mind their business requirements.
How do I open Startup Current Account?
Who can apply for First Startup Current Account?
First Startup Current account is exclusively for Startups. You can apply if you fall into the below mentioned criteria:
- OPC / Private Limited Company
- Limited Liability Partnership
What are the documents required for opening First Startup Current Account?
In addition to KYC documents, DPIIT certificate is mandatory for opening First Startup Current Account. Click here to view the complete list of documents.
Does Startup Current Account earn interest?
Yes. With BRAVO feature, you can enjoy interest on Startup Current Account. BRAVO feature allows you to set up an Auto Sweep into FD limit, with no penalty on premature FD breakage. Click here to know more about the ‘BRAVO’ feature for Current Account
What is minimum Average Monthly Balance (AMB) required to be maintained in the IDFC FIRST Bank Startup Current Account?
Minimum Average Monthly Balance (AMB) requirement is as per the Account variant you choose. Refer the table below:
| Name of Product | Minimum Monthly Balance Requirement |
| First Startup Current Account | Nil Balance maintenance requirement for initial 3 years thereafter Rs. 2 Lakhs per month |
What are the benefits of opening a Startup Current Account?
After opening a Startup Current Account with IDFC FIRST Bank, you can avail of below benefits:
- Cloud Credits Worth of $5000 to help manage website services
- Zero set-up and Annual maintenance charges on Payment Gateway
- Enjoy Zero charges on non-maintenance of AMB for upto 3 years
- Zero Charges on NEFT, RTGS, IMPS transactions
- State-of-the-art Mobile Banking App & Net Banking platform
- Anywhere banking without restrictions
What do I get after opening a Startup Current Account?
After opening a Startup Current Account with IDFC FIRST Bank you will receive a Welcome Kit which includes- Welcome Letter, Code of Conduct, Chequebook and Debit Card.
Can I apply for a Startup Current Account if the date of incorporation is more than 3 years?
No, Startup Current Account is exclusively for startups and new businesses whose date of incorporation is up to 3 years.
What is the free cash deposit limit in Startup Current Account?
Free Cash deposit limit is as per the Account variant you choose. Refer the table below:
Name of Product |
Cash deposit free limit |
FIRST Startup Current Account |
Rs. 30 lakhs per month |
New Business Account |
Rs. 6 lakhs per month |
What are the fees and charges on IDFC FIRST Bank Startup Current Account?
IDFC FIRST Bank has minimal and transparent fees & charges. Click here to view.
Can I deposit or withdraw cash in any IDFC FIRST Bank branch?
Yes, every Branch is a Home Branch with IDFC FIRST Bank which means you can get banking service like cash deposits or withdrawals at any IDFC FIRST Bank branch in the country. These services are provided without any additional charges.
What are the digital modes through which I can access IDFC FIRST Bank Startup Current Account?
Current Account can be accessed through the following digital modes:
- State-of-the-art Mobile Banking App & Net Banking platform
- 24x7 Banker on Call 1800-10-888
- Alerts through Email and SMS
- WhatsApp Banking & Bitly Banking
What all Beyond Banking offer will I get with my Startup Current Account?
IDFC FIRST Bank Beyond Banking offers premium banking services with 100+ partners. You can benefit from 150+ offers across ERP & Accounting, HRMS Solutions, Legal, E-commerce, Logistics and Travel, and more.
Click here to view the Beyond Banking offers.
What are the digital Payment & Collection solutions available for my Startup Current Account?
Below are some of the digital payment and collection solutions available with IDFC FIRST Bank Startup Current Account:
| Payment Solutions | Collection Solutions |
| NEFT/RTGS/IMPS | UPI-QR |
| Debit Cards | POS Machine |
| E-commerce payments using Net Banking | Doorstep Banking services with live tracking facilities |
| Bill Payments | Payment Gateway |
| Bulk transaction facility on Net Banking | Virtual Accounts |
| GST/Direct Tax Payment | Collection API |
| Payment API | NACH/e-NACH |
What are the Trade & Forex solutions available with the Startup Current Account?
Below are the Trade & Forex solutions available to facilitate your international business requirements:
- Letter of Credit
- Bank Guarantee
- Document Collection
- Inward & Outward Remittance
- Hedging and Currency Protection
- FDI/ ODI/ ECB
- Escrow Services
