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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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RERA Account

Under the Real Estate (Regulation and Development) Act, 2016 (RERA), developers are required to maintain dedicated accounts to ensure transparency and accountability in project fund utilization. We offer a comprehensive RERA Account solution to meet regulatory requirements and support smooth project execution.


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Tax Payment
  • Account Structure
  • Who Can Open a RERA Account?

Account Structure

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We facilitate the opening of the following three account types:

RERA Collection Account
For receiving customer payments and project receivables.

RERA Designated Account
Where 70% of the funds are transferred for regulated usage on land and construction.

RERA Utilisation Account
For disbursing payments towards approved project expenses


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Who Can Open a RERA Account?

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Promoters and Developers of residential, commercial, or plotted development projects registered under RERA


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For more details, please contact your Relationship Manager or visit the nearest branch.
 

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