Is your Savings Account maximising growth? Discover how IDFC FIRST bank does it

With new-age banks like the IDFC FIRST Bank, you can make your savings grow and achieve your financial goals faster. IDFC FIRST Bank Savings Accounts offer competitive interest rates, along with a host of features to accelerate your savings’ growth. Read on to understand how.

Attractive interest rates

The standout benefit of an IDFC FIRST Bank Savings Account is the competitive interest rate. IDFC FIRST Bank offers one of the most competitive savings interest rates in the industry. Simply parking your funds in an IDFC FIRST Bank savings account can help steadily grow your financial corpus.

Monthly interest credits for faster compounding

IDFC FIRST Bank takes interest crediting a step further by offering monthly interest payouts on savings accounts. Most other banks credit interest quarterly. Monthly interest crediting enables faster compounding as interest earnings get reinvested every month. This further accelerates the growth of your savings.

Zero fees for common banking services

Savings accounts typically attract fees for performing common tasks such as making fund transfers, requesting for chequebooks, SMS alerts, and more. But IDFC FIRST Bank charges zero fees on all commonly used Savings Account services including:

• ATM transactions at any bank in India
• Online NEFT/RTGS transfers
• Demand draft requests
• Cheque book issuance
• SMS alerts

This fee waiver allows you to use the account liberally without worrying about hefty charges eating into your savings.

Seamless digital banking experience

IDFC FIRST Bank has an award-winning online banking platform. You can open your account fully online and then manage it conveniently via mobile/internet banking.

Key digital features include -

• Google-like search: Search for any services within the app by simply typing in the search box and eliminate the hassles of scrolling through the menu
• Connect all bank accounts: Link all your bank account in one place and get insights about your savings and investment in a single dashboard
• Quick payments and money transfers: Make online payments anytime anywhere with various money transfer methods like UPI, NEFT, RTGS, and IMPS
• Paperless statements: Receive digital account statements instead of physical ones
• Mobile app: Check balances, transfer funds, pay bills, and analyse expenses on-the-go
• Internet banking: Manage account and payments seamlessly through the web browser
• Video KYC: Open account instantly via video-based KYC process

Going digital adds speed and simplicity to managing your savings account. It lets you carry out most banking tasks without queuing up at the bank branch.

Why choose IDFC FIRST Bank Savings Accounts?

IDFC FIRST Bank savings accounts score big on multiple fronts

• Competitive interest rate: Offers one of the most competitive savings account interest rates in the industry
• Monthly interest credits: Accelerates compounding of savings
• Zero fees on banking services such as NEFT, RTGS, IMPS, and many more: Makes account usage more affordable
• Digital convenience: Modern platforms for easy banking
• Robust security features: Ensures complete safety of your money
• Value-added benefits: Enhances your overall banking experience

So, unlock your savings' true potential today with an IDFC FIRST Bank account! Grow your money faster and smarter than traditional options. Open your account digitally in minutes and make your savings soar!

(This article is part of DMCL Consumer Connect Initiative, a paid publication programme. DMCL claims no editorial involvement and assumes no responsibility, liability or claims for any errors or omissions in the content of the article. The DMCL Editorial team is not responsible for this content.)