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Exchange rates mentioned are indicative as of
27 April 2026 and are subject to change based on market fluctuations without prior notice.
Disclaimer
Savings are calculated in comparison to other banks charging 1% markup
Savings are calculated in comparison to other banks charging 1% markup
Exchange rates mentioned are indicative as of
27 April 2026 and are subject to change based on market fluctuations without prior notice.
Disclaimer
Disclaimer
Zero Forex markup Offer available on select variants of current account on maintenance of required AMB.
Eligible currencies: USD EUR GBP.
Any loss arising out of the deals booked via the bank counters or digital channels will be recovered from the customer.
Non-maintenance of AMB will attract standard exchange markup as stated in SOC.
GST and statutory charges will apply over and above.
Non Eligible Transactions. Capital Account transactions, Letters of Credit, Bank Guarantees, Foreign Currency Loans, Export & Import Finance, Merchanting Trade Transactions , hedging solutions and any RBI referred transactions.
Zero Forex Markup is offered subject to maintenance of the applicable Average Monthly Balance (AMB) for the account variant and an aggregate funded exposure of ₹1 crore or more with the Bank.
At IDFC FIRST Bank, we put your needs first. We offer three zero forex markup current account options: Titanium, Palladium, and Quantum. These accounts are made for export-import businesses that handle foreign exchange often. With zero forex markup on every international transaction, you keep more of your profits and stay ahead.
Read moreWith zero forex markup on cross-border payments, your international transactions stay easy and cost-effective. You know exactly what you’re paying, with no surprises. When every transaction comes with zero forex markup, your business can focus on growth. It’s an account designed to give you clarity, control, and zero forex markup at every stage of your business’s global operations.
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Exclusive banking for large export-import businesses, with zero forex markup and top-tier benefits.
A premium choice for high-value export-import customers, offering zero forex markup and more flexibility.
Empower your Export-Import business with zero forex markup and smart benefits.
Quantum
Palladium
Titanium
Exclusive banking for large export-import businesses, with zero forex markup and top-tier benefits.
₹75L AMB
A premium choice for high-value export-import customers, offering zero forex markup and more flexibility.
₹25L AMB
Empower your Export-Import business with zero forex markup and smart benefits.
₹10L AMB
Our Zero Forex Markup current accounts are thoughtfully crafted to address your growing trade requirements. Benefit from our suite of high-performance business accounts, which provide cost-effective, transparent, and comprehensive banking solutions. So, why pay extra markups when you can lead the way with our promise of no forex markup?
Open a zero-forex-markup current account online with IDFC FIRST Bank. It’s designed to help your business grow in India’s fast-changing market.
2 documents in the name of the entity
Proprietor document (photo, PAN card copy, and one officially valid document [OVD] copy)
Nature of industry proof (in case not indicative in entity documents, please verify invoice copy, bill of entry, freight invoice, or agreement copy)
Partnership deeds
Partnership registration certificate (for a registered partnership firm)
Partnership firm declaration
Entity PAN card number
Registered office address proof in the name of the entity
Communication address proof, if different from the registered address
OVD copy of the partners/ authorised signatories/ beneficial owners (including latest photograph and PAN card copy)
List of partners with name, date of birth, and address
Zero Forex Markup is a premium feature allowing eligible current account holders to make international trade transactions without paying any forex markup, helping save on cross-border currency conversion costs.
Business current account holders meeting eligibility criteria, including maintaining a minimum AMB and regular trade transactions, can avail this feature. Eligibility varies by account variant.
Click the “Apply Now” button on this page. Based on your profile, trade volume, and AMB, our team will recommend the best variant and assist with onboarding.
It reduces forex markup charges, lowers international transaction costs, guarantees clear forex rates, and improves cost predictability for better profitability.
Open the Zero Forex Markup Account and enjoy benefits like Zero Charges on 10+ trade forex and 40+ current account services along with Zero FX markup up to:
Titanium: 2x of previous month AMB (max USD 20,00,000 annually).
Palladium: 6x of previous month AMB (max USD 2,00,00,000 annually).
Quantum: 12x of previous month AMB (max USD 5,00,00,000 annually).
Use the calculator on this page by entering your trade volume, current forex markup, and AMB. It will suggest the most suitable variant for your needs.
Account variant wise onboarding and annual fees will apply as follows:
Titanium: ₹20,000
Palladium: ₹50,000
Quantum: ₹75,000
Eligibility requires maintaining a set AMB and trade thresholds. While forex markup is waived, standard banking fees may apply per your account variant.
The minimum balance threshold for each account variant is as follows:
Titanium: ₹10 lakh
Palladium: ₹25 lakh
Quantum: ₹75 lakh
In instances where AMB is not maintained, 0.5% of the shortfall amount is charged, and the Zero FX throughput benefit becomes NIL for the subsequent month.
For example: For the Titanium variant, if a customer has maintained ₹5,00,000 AMB in the month of January, then they will be charged 0.5% on the difference (₹5,00,000) for non-maintenance and will not be eligible for Zero FX markup in the month of February.
The account variant wise FX markup is as follows:
Titanium: ₹0.30P
Palladium: ₹0.15P
Quantum: ₹0.05P
Zero FX markup is applied only for USD, EURO, GBP currency cash deals booked through Net Banking and Mobile Banking.
The BRAVO threshold for each account variant is as follows:
Titanium: ₹25 lakh
Palladium: ₹75 lakh
Quantum: ₹1.5 crore
INR