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Now Open Savings Account with Aadhaar: Earn up to 6.50% p.a. interest

Monthly Interest Credit on Savings Account
Digital account opening with Video KYC
₹6 lakhs daily purchase limit
₹2 lakhs daily withdrawal limit*

Open an Account

*Some offers and features mentioned are applicable to
₹25K AMB Savings Account variant only

Compare Savings A/c Interest

Balance you maintain in your account

₹10K ₹5Cr

Interest payout by other bank

p.a. paid quarterly

2.5% 4%

Extra interest with IDFC FIRST

₹63,248

Interest you earn from other bank

₹60,678

Interest per year

Interest you earn from IDFC FIRST Bank

₹1,23,926

Unlock savings 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!

See how this gets calculated?

Interest slabs used for rate comparison:

3.00% p.a. for

<=₹5L

7.00% p.a. for

> ₹5L <= ₹5Crs

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

View all interest rate slabs

Open Bank Account with Aadhaar Card

Enhance your digital banking experience with a hassle-free and completely online application process from IDFC FIRST Bank. Now, you can open a bank account with an Aadhaar-based verification process. If you have a PAN card, you can use it during account setup.

Simply visit the nearest IDFC FIRST Bank branch with Form 60 and other valid ID proofs, as per RBI guidelines. The process is simple and quick, and takes only a few minutes to open a bank account with Aadhaar and PAN card. In case you don’t have an Aadhaar card, you can still open a bank account by submitting any other officially valid document at any IDFC FIRST Bank branch.

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Benefits of Opening a Bank Account with Aadhaar

Opening a bank account with Aadhaar has the following benefits:

Instant Aadhaar Verification

Verify your identity quickly using Aadhaar. Get started with no paperwork or branch visits.

Secure Authentication

Fast and reliable verification without delays, designed to keep your information protected.

Mobile OTP Protection

A one-time password (OTP) is sent to your registered mobile number to add an extra layer of security.

Seamless Digital Onboarding

Smooth onboarding from login to transactions, with 24/7 customer support whenever you need it.

Uninterrupted Banking Services

Continue using banking services and facilities without any interruptions after the verification.

How to Open a Savings Bank Account with Aadhaar

Online process Offline process

Open Savings Account online in just 3 easy steps using your Aadhaar - no paperwork, no branch visit.

Start

Enter your Aadhaar and
PAN details

Complete Aadhaar
OTP verification

Pick your preferred account
variant and open account

Watch this video to know more

Eligibility and Documentation for Opening a Savings Account

Opening a Savings Account with IDFC FIRST Bank is quick, convenient, and secure—helping you save smarter right away. Unlock the benefits of a feature-rich Savings Account and apply effortlessly with the valid documents.

Who can apply?

Resident Individuals
(Sole or Joint Accounts)

Foreign Nationals
Residing in India with valid documentation

Hindu Undivided Families
(HUF)

Documents needed

Aadhaar Number PAN

Branch

Passport-size photo PAN (mandatory) or Form 60 One of: Aadhaar, Passport, Voter ID, Driving License, NREGA Job Card, or NPR letter

Steps to be completed after opening your account

Once you open your Savings Account using your Aadhaar number, you need to complete the V-KYC (Video KYC) process to have full access to your bank account. Your new IDFC FIRST Bank Savings Account comes with customised offers, higher interest rates, a monthly interest credit facility, along with several other benefits like discounts on popular brands and more. Complete the following steps after opening your bank account with your Aadhaar card and enjoy full control over your savings.

Open an Account

Savings Account FAQs

Can I open a bank account without an Aadhaar card?

Yes, you can open a bank account without an Aadhaar card by visiting the branch. However, opening a bank account without an Aadhaar takes time. You must provide Original PAN card or Form 60 along with an Officially Valid Document (OVD) at a branch in place of an Aadhaar card, if you wish to open a bank account without Aadhaar.

Can I open a bank account without a PAN card?

To open an account you can visit your nearest branch with a passport-size photo, Form 60 (if PAN is not available), and one valid ID proof such as Aadhaar, Passport, Voter ID, Driving Licence, NREGA Job Card, or NPR letter.

Can I open a bank account without Aadhaar linked mobile number?

Yes, you can open a bank account without Aadhaar linked mobile number by visiting the branch. However, to avail yourself of various government benefits, you may need to link your Aadhaar to your mobile number.

Can I open a bank account with a voter ID card?

As per RBI guidelines, voter ID card is an acceptable identity and address proof for opening a bank account. You can open a bank account using your voter card along with a PAN card.

What is required to open a bank account digitally?

• Aadhaar

• PAN

For more details, click on How to open a savings account?

How is the monthly average balance of my savings account calculated?

Every day, from the 1st to the end of the month, we look at the balance in your savings account at the end of the day. We add them all up and divide by the number of days in that month. That’s it!

What are the modes through which I can track my IDFC FIRST Bank Savings Account?

Being one of the leading banks for savings accounts in India, we offer multiple methods to track your IDFC FIRST Bank Savings Account balance. You can access mobile banking and net banking, as well as receive your monthly email statements on your registered email ID.

How does an Aadhaar card simplify the KYC verification process for opening a savings account?

Your Aadhaar card serves as a single, comprehensive identification document for opening a savings account online. With its 12-digit unique number, this card eliminates the need for multiple identity and address proofs. Through Aadhaar-based e-KYC, the bank can swiftly authenticate customer details electronically, reducing paperwork and processing time.

This streamlined procedure enhances convenience for customers, enabling a faster account opening process while maintaining strict security measures. Your Aadhaar card significantly speeds up KYC verification, making the savings account opening process efficient and hassle-free.

How secure is the process of opening a savings account with an Aadhaar card?

The process of opening a savings account with Aadhaar is highly secure. Aadhaar authentication adds an extra layer of security through an OTP verification. This ensures that only the rightful owner can access and use their Aadhaar details for opening their bank account. Additionally, strict data protection measures are in place to safeguard personal information. With these security features, you can be assured that your identity and financial data are protected throughout the account opening process.

More FAQ

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Is interest on savings account taxable?

Interest earned from Savings Accounts is taxable under “Income from Other Sources”.

What is the Savings Account transaction limit per month?

The free cash deposit limit on Savings Accounts with IDFC FIRST Bank, is ₹10 lakh per month.

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