IDFC First Bank is a fast growing, new age Private Sector Bank created in India with a vision of building a worldclass Bank in India, focused on Ethical, Digital, and Social Good Banking. IDFC FIRST Bank was created by the merger of infrastructure financing Giant IDFC Bank and retail financing specialist Capital First in December 2018. Earlier, IDFC Bank launched commercial Banking operations in 2016. 

The Bank offers products and services across all segments including Retail, MSME, Rural, startups, Corporate Banking, Cash Management, Wealth Management, Retail Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions. The Bank's modern technology stack delivers high-quality services across all channels like mobile, branch, internet banking, call centres and relationship managers. Built on cloud-native, API-led, microservices architecture, supported with data, analytics, AI, and fine aesthetics, we strive to deliver fintech-grade experiences on banking platform.

IDFC First Bank is the first bank in India to offer monthly credit on savings accounts. The Bank offers Savings Bank Accounts to its customer with attractive interest rates and zero fee banking on all Savings Account services such as IMPS, NEFT, RTGS, ATM transactions, Debit Card, and SMS Alerts among others. It is the first and only bank in India to do so.

Business area of the Bank

IDFC First Bank  is one of India’s fast-growing private banks, building its UI, UX, and tech stack like a fintech. The Bank is a universal Bank offering complete range of services, including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Credit Cards, Wealth Management, Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions. 

Products and services of the bank

Accounts

• Savings Account
• Corporate Salary Account
• Senior Citizens Savings Account
• First Power Account
• Current Account
• NRI Savings Account
• TASC Institutional Account

Deposits

• Fixed Deposit
• Recurring Deposit
• NRI Fixed Deposit
• Safe Deposit Locker

Loans

• Personal Loan
• Consumer Durable Loan
• Home Loan
• Business Loan
• Professional Loan
• Education Loan
• New Car Loan
• Pre-owned Car Loan
• Two-Wheeler Loan
• Pre-owned Two-Wheeler Loan
• Commercial Vehicle Loan
• Gold Loan
• Loan Against Property
• Loan Against Securities
• Easy Buy EMI card

Wealth & Insure

• FIRST Select
• FIRST Wealth
• FIRST Private
• Mutual Funds
• Sovereign Gold Bond
• Demat Account
• Term Insurance
• Life Insurance
• Health Insurance
• General Insurance
• Bonds
• Loan Against Securities
• Portfolio Management Service

Payments

• FASTag
• Credit Card Bill Payments
• UPI
• Funds Transfer
• Forex services
• Pay Loan EMI

Cards

• Ashva: Metal Credit Card
• Mayura: Metal Credit Card
• FIRST Millennia Credit Card
• FIRST Classic Credit Card
• FIRST Select Credit Card
• FIRST Wealth Credit Card
• FIRST WOW! Credit Card
• Debit Cards
• Co-branded Cards
• FIRST Corporate Credit Card
• FIRST Purchase Credit Card
• FIRST Business Credit Card

Awards

• 2019: Most Promising New Bank in India 2019 by Capital Finance International (CFI).
• 2019: CNBC Awaaz Entrepreneur of the Year Award, 2019.
• 2020: Prestigious Brands of India 2020 by Herald Global and BARC Asia.
• 2023: Sustainability Summit & Awards 2023 by UBS Forums
• 2023: IDFC First Bank emerges as the ‘Best Digital Bank’ at FE India’s Best Banks Awards 2023
• 2023: ESG Summit & Awards 2023 by Transformance Forums
• 2023: The prestigious Golden Peacock Award for ESG (National) 2023
• 2023: The Best Corporate Governance Award 2023
• 2023: CFI Award for Outstanding Commitment to ESG Performance in 2023
• 2023: IDFC First Bank wins two ‘National Awards for Excellence’
• 2024: BFSI & FINTECH Summit 2024 – India’s Leading Private Bank (Mid)
• 2024: The Digital Sourcing & Decisioning Excellence award at Lentra CNBCTV18 Digital Lending Summit
• 2024: Most Preferred Workplace of 2023-24 – 3rd edition of Most Preferred Workplace Awards 2023 by Team Marksmen
• 2024: Leap to Unicorn awarded as ‘Best Innovation in Banking’ by Aegis Graham Bell Awards – A MeitY initiative
• 2024: SKOCH Award in the Financial Inclusion Category

Milestones

2020

• IDFC First Bank, Bajaj Finance and Vivo have entered into partnership to waive dealer charges paid by retailers for selling devices under installment schemes.
  
• IDFC First Bank has opened its MBA Scholarship programme for the batch of 2020-2022, as part of its Corporate Social Responsibility (CSR).
  
• DFC First Bank has launched video KYC facility so that customers can open savings accounts without the need to visit a branch office.