IDBI First Bank Account Opening Process

IDBI First Bank Account Opening Process

IDBI First Bank offers a variety of savings and current accounts to cater to different customer needs. Whether you are an individual looking for a simple savings account or a business seeking a current account, IDBI First Bank provides seamless digital and offline account opening options.

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Types of IDBI First Bank Accounts Offered

IDBI First Bank provides multiple account types, including:

1. Savings Accounts – Regular, premium, and zero-balance accounts.
2. Current Accounts – For businesses and professionals.
3. Fixed Deposits & Recurring Deposits – Linked to savings accounts for better returns.

Eligibility Criteria

To open an account, you must meet the following criteria:

• Be an Indian resident or an NRI (for NRI accounts).
• Be at least 18 years old (for minor accounts, a guardian is required).
• Provide valid KYC documents.

Documents Required for IDBI First Bank

The bank requires the following documents as per RBI’s KYC norms:

1. Identity Proof – You can use your Aadhaar card, PAN card, passport, voter ID, or driving license as identity proof.
2. Address Proof – Aadhaar card, utility bills, passport, or bank statement.
3. Photographs – Passport-size photos.
4. Income Proof – Required for premium accounts and credit-linked products.

Online Account Opening Process

1. Visit the Website/App – Navigate to the account opening section.
2. Select Account Type – Choose savings or current account.
3. Fill in Details – Enter personal, contact, and PAN details.
4. Complete KYC Verification – Use Aadhaar-based e-KYC or upload scanned documents.
5. Deposit the initial amount if required to fund your account.
6. Receive Account Details – Once verified, you will receive your account number and welcome kit.

Offline Account Opening Process

1. Visit the Nearest Branch – Carry original and photocopies of KYC documents.
2. Fill Out the Application Form – Provide required details.
3. Submit Documents – Attach self-attested copies of identity and address proofs.
4. Deposit Initial Amount – If applicable.
5. Account Activation – Upon verification, you will receive account details.

Benefits of IDBI First Bank Accounts

• High interest rates on savings accounts.
• Free digital banking services.
• Easy fund transfers via UPI, NEFT, and RTGS.
• Personalized banking solutions.

With a quick and hassle-free process, it ensures a smooth experience for new customers.