idfcbank.com Apply For Savings Account : IDFC Bank

Organisation : IDFC Bank
Facility : Apply For Savings Account

Apply Here : https://www.idfcfirstbank.com/
Website : http://www.idfcbank.com/

Savings Account :

** Once you sign up for a Savings Account, you are opening doors to everything IDFC Bank has to offer.
** And it is just a click or a call away.

Related : IDFC Bank Internet Banking : www.statusin.in/21509.html

** From Internet Banking to Home Loans, from opening bank accounts for your family to saving money for a rainy day, from adding business accounts to your personal account, to getting help with international trade, our experts can help you with everything.
** This Savings Account is the best place to begin your financial life

Minor’s Savings Account :
Eligibility :
** A Minor Savings Account can be opened for your child as long as your child is up to 18 years of age and you (the parent or guardian) hold a Savings Account with the bank.
** If you do not have a savings account with IDFC Bank then you will need to open one, before you open a Minor’s Account.

Interest rates :
** 4% per annum on daily end of day balances, paid quarterly

Documentation Requirements for Savings Account :
** All you need are a passport size photograph in addition to one proof of identity and one proof of address.
** Your Aadhar card, Passport, Driving Licence, establish both your identity and your address !
** The PAN Card is only a proof of identity, it does not prove your address.

PAN card:
** If you have a PAN Card, it is MANDATORY to provide it at the time of account opening.
** Note that your PAN Card proves who you are(identity) but does not carry your address.
** Your PAN card makes a lot of transactions very easy. Booking deposits greater than 50000, buying and selling mutual funds and shares,and many others.
** It assures us that your transactions are Income-Tax compliant.
** This is why it would be great for you if you added your PAN card to the Account Opening Documentation.

AADHAAR card:
** It is a verified photographic proof of your address, from the government (UIDAI- Unique Identification Authority Of India).
** If you don’t have an Aadhaar Card, we will help you get started.
** But you should then bring your valid passport/driving licence as identity and address proof.

Other valid documents are:
** Passport
** Voter’s Identity Card (Election Card)
** Permanent Driving License which is valid with the photograph affixed
** Job Card issued by NREGA duly signed by an officer of the State Government

What is the frequency of interest pay-out?
Interest earned on your Savings Account balance shall be credited to your account on a quarterly basis.

What is the minimum account balance required to be maintained monthly in the IDFC Bank Savings Account?
** There are no charges if you do not maintain a minimum monthly account balance of Rs. 25,000.
** In the interest of fairness, some transactions may be charged at cost to the bank

How is the average monthly balance (AMB) calculated?
** Every day, from the 1st to the end of the month, we take the balance in your account at the end of the day.
** We total them all up, and divide by the number of the days in the month. That’s it!
** There is no charge for non maintenance of AMB at IDFC Bank!