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.

Why prefer IDFC FIRST Bank for your Escrow transactions?

Customizable

Standard agreements tailored to various complex business transactions that can be further customized to meet your transactional needs.

Escrow Types

Revenue sharing, Lender-Borrower, Buyer-Seller, Franchisor-Franchisee, etc.

Escrow Specialist

Our expert escrow team ensures the seamless and efficient completion of your escrow deals, handling every detail with precision.

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

Easily sign Escrow agreements digitally

Legally vetted standard Escrow drafts

Expert Escrow team to manage operations

Security of funds and transactions to both parties involved

Minimising or elimination of fraud in high value transaction deals

Tracking 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.

More FAQs

Where trust and transactions meet

Overview

How does it work?

How to open?

Features

FAQs