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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights

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bulk-payments

Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments

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Hello Cashback Credit Card

Cashback for everyone, for every spend that matters

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WhatsApp banking

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Say ‘Hi 👋’ on WhatsApp at 9555 555 555 & we’ll get back to you instantly

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Track Requests

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View & track all your past and active service requests.

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Raise a Request

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Facing issues? Let us know how we can help you

Locate Us

Locate Us

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Locate your nearest IDFC FIRST Bank branches and ATMs

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Add a compliment

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Customer care

Customer care

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We will be happy to help you 24x7.

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Help Center

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Support topics, FAQs and more

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Download our app

Get instant help for all your queries in one place

Explore Personal
Explore Credit Cards
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WhatsApp banking

Right Arrow

Say ‘Hi 👋’ on WhatsApp at 9555 555 555 & we’ll get back to you instantly

Image

Track Requests

Right Arrow

View & track all your past and active service requests.

Image

Raise a Request

Right Arrow

Facing issues? Let us know how we can help you

Locate Us

Locate Us

Right Arrow

Locate your nearest IDFC FIRST Bank branches and ATMs

Add a compliment

Add a compliment

Right Arrow

Our customers are talking, and we think you’ll like what they’re saying.

Customer care

Customer care

Right Arrow

We will be happy to help you 24x7.

Image

Help Center

Right Arrow

Support topics, FAQs and more

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Download our app

Get instant help for all your queries in one place

Download now!

Escrow Accounts

At IDFC FIRST Bank, we act as the Escrow agent for both individuals, and businesses. You can enjoy the benefit of digitally signing Escrow agreements when you choose us. Not just that, you can use our legally vetted standard Escrow drafts and reach out to our expert Escrow team to manage operations.


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Why prefer IDFC FIRST Bank for your Escrow transactions?

Parties engaged in the Escrow deal, execute an Escrow agreement along with Escrow agent, incorporating all the


terms and conditions applicable for the said transaction/deal.

Digitally signed Escrow
agreements

Legally vetted standard
Escrow drafts

Expert Escrow team to
manage operations

Features

pointerEasily sign Escrow agreements digitally

pointerLegally vetted standard Escrow drafts

pointerExpert Escrow team to manage operations

pointerSecurity of funds and transactions to both parties involved

pointerMinimising or elimination of fraud in high value transaction deals

pointerTracking movement of money by all parties involved


Contact Us


Apply now for our current account or kindly visit the nearest branch to avail this service

FAQs

What is an Escrow Account?

Any business transaction between two or more parties requiring secured fund settlement as pre-agreed under an agreement can be managed through the Escrow account. IDFC FIRST Bank acts as an Escrow Agent to ensure transactions are executed as per the underlying executed Escrow agreement. 

What are the benefits of opening an Escrow Account with IDFC FIRST Bank?

Want to open Escrow Account? Below are the key benefits of opening an Escrow Account with IDFC FIRST Bank: 

  • • Standardized & structured solutions for wide range of Escrow arrangements suiting needs of transacting parties
  • • Safe & secure mode of handling transactional cash flows
  • • Expertise of legally vetted draft Escrow agreements by IDFC FIRST Bank’s legal team
  • • Dedicated Legal and Operation teams for quick turnaround in handling all phases right from engagement till execution
  • • Online channel to view balances in Escrow Account with statement download facility
  • • Customized MIS

Can net banking access be provided to you for Escrow accounts?

Yes, net banking access can be provided to you, as the Escrow account holder for viewing and downloading the account statement. 

Can you avail API services in your Escrow Account for payments and collections?

API services can be availed for payments and collections, subject to the Escrow deal type and requirement with adherence to banking compliance and regulations.

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