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.
ALSO READ: IndusInd Bank Credit Card
Types of IDBI First Bank Accounts Offered
IDBI First Bank provides multiple account types, including:
- Savings Accounts – Regular, premium, and zero-balance accounts.
- Current Accounts – For businesses and professionals.
- 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:
- Identity Proof – You can use your Aadhaar card, PAN card, passport, voter ID, or driving license as identity proof.
- Address Proof – Aadhaar card, utility bills, passport, or bank statement.
- Photographs – Passport-size photos.
- Income Proof – Required for premium accounts and credit-linked products.
Online Account Opening Process
- Visit the Website/App – Navigate to the account opening section.
- Select Account Type – Choose savings or current account.
- Fill in Details – Enter personal, contact, and PAN details.
- Complete KYC Verification – Use Aadhaar-based e-KYC or upload scanned documents.
- Deposit the initial amount if required to fund your account.
- Receive Account Details – Once verified, you will receive your account number and welcome kit.
Offline Account Opening Process
- Visit the Nearest Branch – Carry original and photocopies of KYC documents.
- Fill Out the Application Form – Provide required details.
- Submit Documents – Attach self-attested copies of identity and address proofs.
- Deposit Initial Amount – If applicable.
- 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.
