Categories: Banking

IDFC FIRST Bank launched ZERO Fee Banking savings accounts

IDFC FIRST Bank has declared ZERO Fee Banking on savings accounts and waived fees on multiple banking services, including Passbook charges, NEFT charges. The bank said that customers maintaining as low as Rs 10,000 Average Monthly Balance, and the Rs 25,000 AMB savings account variant will get these benefits.

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IDFC FIRST Bank: List of Zero-Fee Services announced

Number of Cash Transactions at branches per month (Cumulative of Deposit and Withdrawal)
Value of Cash Transactions (Cumulative of Deposit and Withdrawal) at Branches
Third-party Cash Transaction Charges (Cumulative of Deposit and Withdrawal) at Branches
Demand Drafts/ PO (Issuance Charges) – at Bank Locations
IMPS Charges per Transaction– Outward
NEFT Charges per Transaction – Outward (Branch)
RTGS Charges per Transaction – Outward (Branch)
Cheque Book Charges
SMS Alert Charges
Issue of Duplicate Statements
Passbook Charges
Balance Certificate (Charges per certificate)
Interest Certificate (Charges per Certificate)
Account Closure (from account opening date)
ECS Return Charges
Stop Payment Charges
International ATM/ POS Transaction Charges
Charge for Insufficient Balance per Transaction at ATM
Standing Instruction Charges
Managers Cheque/ Demand Drafts Cancellations/ Revalidation
Photo Attestation Charges
Signature Attestation Charges
Old records/ copy of paid cheques charges
Address confirmation charges
Any deliverable returned by courier due to negative reasons

Important takeaways for all competitive exams:

IDFC FIRST Bank Headquarters: Mumbai;
IDFC FIRST Bank CEO: V. Vaidyanathan (19 Dec 2018–);
IDFC FIRST Bank Parent organization: Infrastructure Development Finance Company;
IDFC FIRST Bank Founded: October 2015.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.