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Savings Account

Get one of the best banking experiences with an IDFC FIRST Bank Savings Account

Key Takeaways

The IDFC FIRST Bank savings account offers a high interest rate of up to 7% per annum, helping your savings grow faster.
Interest is credited every month, which allows your funds to benefit from monthly compounding rather than quarterly or annually.
It includes zero fee banking on many everyday services, allowing you to save money that would otherwise go to charges.
The account also features premium benefits like higher transaction limits, free unlimited ATM withdrawals and additional perks such as insurance covers.

10 Sep 2026 by Team FinFIRST

IDFC FIRST Bank Savings Account

Open an Account

Opening a new bank account is a natural first step for everyone who earns (or is going to earn) money. And IDFC FIRST Bank regularly upgrades its new savings account by gauging customer expectations and adding new features along the way, making it an ideal choice.

Apart from the attractive IDFC FIRST Bank interest rate, we look at some of the features that IDFC FIRST Bank offer on a savings account, making it an obvious choice among banking customers.

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Monthly interest credits

IDFC FIRST Bank has set a new trend in the Indian banking industry with monthly interest credits. Your interest gets credited more often – every month instead of every quarter, as is mostly prevalent in the industry. Consequently, you earn more by compound interest at the end of each year. Over the long term, this can significantly boost your interest earnings.

Attractive interest rate

What’s better than the regular compounding of your interest income, you ask? A high-interest rate, of course! IDFC FIRST Bank's offers up to 7% p.a. interest rate.

Higher limits on withdrawals

IDFC FIRST Bank saving account comes with high limits on ATM withdrawal as well as high purchase limits. You also get high number of free ATM transactions with your account. Click here to know more.

Insurance and protection

IDFC FIRST Bank offers insurance cover for its customers. For account with average monthly balance requirement of just Rs 25,000, you get Rs 35 lakh personal accident insurance cover, Rs 1 crore as air accident insurance, lost card liability of Rs 6 lakh, and purchase protection of Rs 1 lakh.

Miscellaneous benefits

Other benefits include free sms alerts, sweep-in facilities on select variants, free debit card issuance fee and various offers on debit card.

IDFC FIRST Bank Mobile and Internet banking services are highly user-friendly and packed with features. When you apply for a new bank account with IDFC FIRST Bank, you are assured of high quality service, facilities and features in your savings account, along with high interest rates on your deposits too!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.

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Savings A/c interest calculator

Savings A/c interest calculator

My savings amount

₹

₹10K ₹5Cr

Existing bank interest rate

p.a.

1.5% 3.50%

You will earn

₹73,455 more yearly

Information Icon

with IDFC FIRST bank

Yearly Interest from your bank

₹50,471

Yearly Interest from IDFC FIRST Bank

₹1,23,926

Apply Now Disclaimer

You will earn

₹73,455 more yearly

with IDFC FIRST bank

Apply Now Disclaimer

	Your bank	IDFC FIRST bank
Payout cycle	Quarterly	Monthly
Int. earned	₹ 60,678/yr	₹ 1,23,926/yr

You’ll earn ₹63,248 more per year through IDFC FIRST savings account!

You’ll earn ₹63,248 more per year with your bank

See how this gets calculated?

Interest slabs used for rate comparison:

2.50% p.a. for

<=₹3L

7.00% p.a. for

> ₹3L <= ₹25L

Interest will be calculated on progressive balances in each interest rate slab, as applicable.

View all interest rate slabs

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