Interest Rate - IDFC First Bank Running A Scam

[Half Human]

Yeh bhai alag nhi man Raha hai, isko itna kyun mirchi lagg raha, bhai tum apna contact number DM karo let's take it one on one,

Bro bro... Chod yaar.. kyun bo badha rahe hoo..

Because you had mentioned:
View attachment 96326

And yes it's was friendly one only, tagged to give clarification about the same.

I do understand the contrast visible.

I was all the while unaware of what the April month slab was, and was siding with OP.

Since banks are smart enough to hide their traces, I could not get an idea of the previous interest slab at primary inspection.

SO, with respect to the OP's intent, he looked righteous. Thats why said so.

Also, the solution i suggested, would have anyhow lead to the same conclusion and would have cleared all the mal-air surrounding this disparity.

No offence taken @Aniket bro.. we all need input one day or another naa, like the OP. Only Peace ✌️♥️

 

[msureshuh]

As a IDFC FIRST Bank account holder, The interest rate changed from Feb. The May update is for above 25 crore only. I got mail in Jan.

 

[percolate]

I opened wealth account with IDFC First Bank recently with IF of 12lac

As per their mobile app, my average monthly balance was 10.72lac,

They credited interest of Rs 3735, and as per their different slabs as per screenshot expected interest should be Rs 4851.67

The difference is Rs 1117, they took 2 days already, but not given any interest breakup or any calculation so far,

Looks like you just opened an old pdf from the IDFC website which is showing rates effective from 15th May 2024.

The rates were updated on 20th Feb 2025 as others said in this thread.

You can see it here - https://www.idfcfirstbank.com/conte...tes-on-Savings-Deposits-wef-20th-Feb-2025.pdf

and here -

Best Savings Account Interest Rate 2025 in India | IDFC FIRST Bank

Get high Savings Account Interest Rates up to 7.25% on your Savings Account Online. Open Savings Account & maximise your savings with best interest rate at IDFC FIRST Bank

web.archive.org

 

[NikhilG]

Anyone, does IDFC first app has some issue, when I open app it says no internet connection found. I don't know why but I tried with both mobile internet and wifi

 

[NikhilG]

I wanted to open account in idfc, is it a sfb? Also on app it had 2 variants, 10k mab and 25k mab. Which one is good?

 

[hender]

I wanted to open account in idfc, is it a sfb? Also on app it had 2 variants, 10k mab and 25k mab. Which one is good?

1- No
2- Both

 

[NikhilG]

1- No
2- Both

If i open with 10k first, and start maintaining 25k does it automatically upgrade.
Do i need to fund while opening before vkyc?
Any non upi funding options as well?

 

[Dragon_slayer]

If i open with 10k first, and start maintaining 25k does it automatically upgrade.
Do i need to fund while opening before vkyc?
Any non upi funding options as well?

Just go to branch it will be done within few mins. They open account electronically using tablets now

For funding they will ask you for cheque

 

[msureshuh]

If i open with 10k first, and start maintaining 25k does it automatically upgrade.
Do i need to fund while opening before vkyc?
Any non upi funding options as well?

No need of intial funding. Simple VKYC.
I opened 10k account later converted to select account. Never visited branch till now.

 

[NikhilG]

No need of intial funding. Simple VKYC.
I opened 10k account later converted to select account. Never visited branch till now.

Before vkyc how much did you fund?

 

[msureshuh]

Before vkyc how much did you fund?

Zero ttt ttt

 

[NikhilG]

So the highest variant is select which is 25k? Right?

 

[msureshuh]

No.
You open 10k or 25k version account
Select need 3L and Wealth need 10L
Either you need to open with intial funding of above to get those versions or making 3months AMB of above to convert.
After converting to Select/Wealth, people did not maintain the required balance, Still IDFC did not downgrade.
But now they are sending downgrading mails to people who are not maintaing.
If you do not maintain 3L/10L, they may downgrade but no fine.
But you need maintain 10k/25k, according to your account variation.

 

[NikhilG]

No.
You open 10k or 25k version account
Select need 3L and Wealth need 10L
Either you need to open with intial funding of above to get those versions or making 3months AMB of above to convert.
After converting to Select/Wealth, people did not maintain the required balance, Still IDFC did not downgrade.
But now they are sending downgrading mails to people who are not maintaing.
If you do not maintain 3L/10L, they may downgrade but no fine.
But you need maintain 10k/25k, according to your account variation.

I also hold a select credit card, do I not automatically get eligible for select bank account without min amb?

 

[msureshuh]

I also hold a select credit card, do I not automatically get eligible for select bank account without min amb?

You need to get offer mail for Zero AMB. Mostly wealth credit card holders are getting it.

 

[NikhilG]

You need to get offer mail for Zero AMB. Mostly wealth credit card holders are getting it.

Okay i have select card, should i ask customer care. Also. I started facing issues with app today
It says no internet found

 

[msureshuh]

Okay i have select card, should i ask customer care. Also. I started facing issues with app today
It says no internet found

No crime in asking. App is working fine for me. reinstall app/restart mobile. If not, contact CC.

 

[NikhilG]

I

No crime in asking. App is working fine for me. reinstall app/restart mobile. If not, contact CC.

I reinstalled, still same. Let me restart phone

 

[NikhilG]

No need of intial funding. Simple VKYC.
I opened 10k account later converted to select account. Never visited branch till now.

You opened 10k account and when did it ask to fund you that amount, after vkyc?