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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
Know More- Account with Auto-Sweep FD
- 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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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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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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Enjoy Zero Charges on All Commonly Used Savings Account Services
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Open a Savings Account in Mumbai and Enjoy up to 6.50% p.a. interest
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Recognised among the World's Best Banks 2025
by Forbes in partnership with Statista.
Open a Savings Account in Mumbai Online
If you are looking to open a savings account in Mumbai, IDFC FIRST Bank offers a smarter way to save, transact, and grow your wealth. With benefits like zero-fee banking on all savings account services, competitive interest rates of up to 6.50% p.a., and monthly interest credits, our savings accounts ensure that your money works hard for you. Designed for convenience, you can access funds anytime, enjoy unlimited free transactions, and manage your account digitally. Choose IDFC FIRST Bank for trusted, innovative, and customer-first banking that matches the pace of Mumbai.
Read MoreIDFC FIRST Bank recognized amongst the 'World's Best Banks 2025’ by Forbes in partnership with Statista.
Read LessWhy choose IDFC FIRST Bank in Mumbai?
Local trust
Thousands of customers in Mumbai rely on IDFC FIRST Bank for their banking needs.
Strong presence
Multiple branches and ATMs across Mumbai city and adjoining areas for easy access.
Personalised support
24/7 Relationship Manager support and local customer care whenever you need it.
Zero-Fee Banking
Zero charges on 30+ services so you save more on your day-to-day banking needs.
For residents of Mumbai like you, here’s why going with IDFC FIRST Bank’s savings account would be a smart choice
To find a branch near you in Mumbai – Click Here
Features & benefits of IDFC FIRST Bank Savings Account
Opening a savings account with IDFC FIRST Bank in Mumbai offers you unmatched advantages such as
Zero-fee banking
Enjoy zero-fee banking on all Savings Account services - IMPS, NEFT, RTGS, DD, Chequebook, ATM withdrawals.
Monthly interest credits
Earn interest every month instead of quarterly, for faster compounding and better returns over a period of time.
Competitive interest rates
Earn competitive rates of up to 6.50% p.a. on your balance. View latest Savings Account Interest Rates
Unlimited withdrawals
Withdraw cash from ATMs across the country anytime, anywhere, without restrictions or hidden charges.
High transaction limits
Get ₹2 lakhs ATM withdrawal limit, ₹6 lakhs daily transaction limit (25K AMB), & ₹4 lakhs shopping and 1 lakh ATM withdrawal limit (10K AMB).
Digital convenience
Get a mobile banking app rated #1 in India and smoothly manage your account anytime, anywhere.
Accessibility
Enjoy a wide network of branches and ATMs across Mumbai for easy access to banking services.
IDFC FIRST Bank Savings Account Interest Rates in Mumbai
In Mumbai, your Savings Account earns up to 6.50% p.a. interest with IDFC FIRST Bank, calculated daily and credited monthly for compounding growth.
View Interest RatesHow to Open a savings Bank Account in Mumbai
As fast a Mumbai moves - open a Savings Account in Mumbai in just three simple steps with zero paperwork or branch visit.
Start
Provide your Aadhaar and
PAN details
Verify your Aadhaar through
OTP authentication
Select the preferred account
variant & complete account opening
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
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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.
Savings Account FAQs
What are the steps to transfer my savings account from another city to Mumbai?
What digital banking services are available with savings accounts in Mumbai?
IDFC FIRST Bank offers a range of digital banking services, including internet banking, mobile banking, SMS banking, and email alerts. You can complete transactions, pay bills, transfer funds, check account balances, and access other banking services online, ensuring convenience and ease of access.
How many nominees are allowed in a savings account?
How much money can be deposited in a savings account in India?
There is no maximum limit on the amount you can deposit in a savings account. However, make sure to comply with KYC norms for higher deposits.
How do I choose the best savings account in Mumbai?
When choosing the best savings account, compare interest rates, minimum balance requirements, additional features like zero-fee services, accessibility, digital banking facilities, and customer service. IDFC FIRST Bank offers competitive interest rates and zero-fee banking that make it a favourable option.
How can I access my savings account in Mumbai through online banking?
To access your savings account online, register for internet banking on the IDFC FIRST Bank website. Use your customer ID and password to log in. Alternatively, download the mobile banking app, register, and log in to manage your account on the go.
What are the fees and charges associated with savings accounts in Mumbai?
IDFC FIRST Bank offers zero charges on all commonly used savings account services like IMPS, NEFT, RTGS, ATM withdrawals, and SMS alerts. However, some services may incur fees and penalties. Check the bank’s schedule of charges for detailed information.
What are the safety measures for protecting my savings account in Mumbai?
IDFC FIRST Bank’s mobile banking app offers robust security measures to protect user data and financial information – including end to end encryption, multi factor authentication, biometric and MPIN based log in, as well as session and device management. Customers are advised to use strong passwords and MPINs to keep their profiles safe.