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IDFC FIRST Bank Deposits
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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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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.
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
We ensure instant fund settlement, so you are always assured about your cashflow.
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.