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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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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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- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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Activate your pension with IDFC FIRST Bank and enjoy a
hassle-free retirement with benefits tailored
to your needs.
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Earn up to 6.50% p.a. interest
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No minimum balance requirement
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Exclusive benefits designed for retirees
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Earn up to 6.50% p.a. interest
-
No minimum balance requirement
-
Exclusive benefits designed for retirees
Savings Account for Pensioners
Central Civil Government Pensioners can now receive their pensions directly into an IDFC FIRST Bank Savings Account. Enjoy a seamless banking experience tailored to your needs with exclusive benefits designed for pensioners.Read More
Activate your pension with IDFC FIRST Bank and enjoy a hassle-free retirement with exclusive benefits tailored to your needs.Read Less
Which Savings Accounts Can Receive Pension?
• Any IDFC FIRST Bank Savings Account can be used to receive pension
• In the event of the primary pensioner’s demise, the spouse can continue to receive the Family Pension in the same account
Note:
• Accounts can only be held individually or jointly with a spouse
• Power of Attorney is not permitted
How to Activate Your Pension in an IDFC FIRST Bank Savings Account
If You Already Have an IDFC FIRST Bank Savings Account
- Submit your IDFC FIRST Bank Account Number to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your IDFC FIRST Bank account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
If You Don’t Have an IDFC FIRST Bank Savings Account
- Open an account with IDFC FIRST Bank.
- Once you receive your IDFC FIRST Bank Account Number, submit it to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your new account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
If You Already Have an IDFC FIRST Bank Savings Account
If You Already Have an IDFC FIRST Bank Savings Account
- Submit your IDFC FIRST Bank Account Number to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your IDFC FIRST Bank account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
If You Don’t Have an IDFC FIRST Bank Savings Account
If You Don’t Have an IDFC FIRST Bank Savings Account
- Open an account with IDFC FIRST Bank.
- Once you receive your IDFC FIRST Bank Account Number, submit it to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your new account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
IDFC FIRST Bank Savings Account Benefits for Pensioners
When you receive your pension in an IDFC FIRST Bank Savings Account, you enjoy:
Withdraw funds freely from your account without worrying about maintaining a minimum balance, as long as your pension is credited monthly to the account.
Earn some of the highest interest rates in the industry with up to 6.50% p.a on your savings, depending on your account balance.
When you receive interest payouts monthly, you grow your savings faster with the power of compounding, earning interest on your interest!
Senior Citizen Savings Account
In addition to the above benefits, the following benefits can be enjoyed with Senior Citizen Savings Account
• Prioritize your health with a complimentary 1-year MediBuddy membership
• Complimentary Cyber Insurance cover of ₹2 lakhs for safe & secure online banking
• Senior citizens earn higher interest rates on Fixed and Recurring Deposits
• No pre-closure charges if you close your FD/RD before maturity.
• Free Doorstep Banking & Priority Treatment at Branches
Click here to view Pensioner's Charter
Eligibility
Who Can Apply?
The following Central Civil Government veterans can receive their pensions in an IDFC FIRST Bank Savings Account:
53 Central Ministries including Corporate Affairs, Education, Finance, Tourism, and more.
48 Central Departments including Commerce, Expenditure, Revenue, and others.
High Court (HC) & Supreme Court (SC) Judges
Members of Parliament
IAS, IPS, IFS, IRS, ICAS Officials
2 Independent Departments Including Atomic Energy, Space.
Note: Defence, Telecom, Railway & Postal employees not included
FREQUENTLY ASKED QUESTIONS
How can I receive a pension in my IDFC FIRST Bank Account?
If You Already Have an IDFC FIRST Bank Savings Account:
- Submit your IDFC FIRST Bank Account Number to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your IDFC FIRST Bank account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
If You Don’t Have an IDFC FIRST Bank Savings Account:
- Open an account online with IDFC FIRST Bank.
- Once you receive your IDFC FIRST Bank Account Number, submit it to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your new account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
Am I eligible to receive a pension in my IDFC FIRST Bank Savings Account?
The following Central Civil Government veterans can receive their pensions in an IDFC FIRST Bank Savings Account:
• 53 Central Ministries including Corporate Affairs, Education, Finance, Tourism, and more
• 48 Central Departments including Commerce, Expenditure, Revenue, and others
• High Court (HC) & Supreme Court (SC) Judges
• Members of Parliament
• IAS, IPS, IFS, IRS, ICAS Officials
• 2 Independent Departments including Atomic Energy, Space
Note: Defence, Telecom, Railway & Postal employees are not included.
Who can I keep as a joint holder in my pension account?
Accounts can only be held individually or jointly with a spouse. Power of Attorney is not permitted.
If I already have an IDFC FIRST Bank Savings Account, do I need to open a new account to receive my pension?
No, you do not need to open a new account. Instead, follow these steps:
- Submit your IDFC FIRST Bank Account Number to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your IDFC FIRST Bank account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
What if I am already receiving my pension in another bank – is it possible to switch the pension to IDFC FIRST Bank? If yes, how?
Yes, it is a very easy process:
- Open an account online with IDFC FIRST Bank.
- Once you receive your IDFC FIRST Bank Account Number, submit it to the Head of Office of your department/ministry/office.
- Request them to initiate pension disbursement into your new account.
- Provide any additional details as requested by your Head of Office.
- Once the Pension Payment Order (PPO) is received, IDFC FIRST Bank will credit your pension.
Why should I switch my pension to IDFC FIRST Bank?
Enjoy the following benefits by switching your pension to IDFC FIRST Bank:
a) Monthly Interest Credit:
When you need to pay bills, EMIs, or rent monthly, why should you not earn savings interest monthly? Enjoy monthly interest credits on your pension with the power of compounding.
b) Attractive Interest Rate:
In your golden years, enjoy a 0.5% preferential interest rate on FDs and higher interest rates of up to 6.50% on savings account p.a.
c) Free Doorstep Banking for Senior Citizens:
Bank from the comfort of your home. Here are some of the many doorstep services that are offered:
- • Cheque pick-up
- • Cash pick-up
- • Cash delivery
- • Document pick-up
d) Priority Treatment at Branches for Senior Citizens:
No more hassles of standing in long queues – enjoy priority treatment at our branches.
e) FD and RD benefits for Senior Citizens:
- • Additional 0.5% p.a. interest on Fixed Deposits for Senior Citizens
- • Zero penalty on early Fixed Deposit closure
- • Overdraft facility on select Fixed Deposit types
- • Flexible payouts – monthly, quarterly or at maturity
+The following benefits with Senior Citizens Savings Account:
f) Cyber Insurance of up to Rs. 2 lakhs:
No more fear of online banking. Enjoy complimentary cyber insurance cover of Rs. 2 lakhs.
- • Insurance against theft of funds due to unauthorized digital transactions in your account such as phishing, spoofing, vishing, etc.
- • Covers financial losses due to identity theft arising from the misuse of your personal information on the internet by a third party.
g) FREE MediBuddy Subscription – 1 year:
Your health is important to us. Enjoy 1-year complimentary health benefits with MediBuddy membership.
- • Unlimited online general physician consultation for the complete family (up to 4 people)
- • Special discounts across network pharmacies up to 15% on all medicine orders
- • Free full-body health checkup covering 50+ parameters for the primary holder
- • Wallet amount worth Rs. 500