Verified offer
Confirmed by brand website + brand team + inferred · checked against idfcfirst.bank.in · Nov 3, 2026 · version 1
Value
- Benefit
- Current rates effective 2026-10-04, applied progressively by balance slab: ₹0–₹3 lakh: 2.50% p.a. Above ₹3 lakh–₹25 lakh: 7.00% p.a. Above ₹25 lakh: 6.00% p.a. Interest is calculated daily on each day’s end-of-day balance, applying each rate only to the portion in that slab, then credited monthly. The bank’s page gives the formula for an unchanged balance: sum of [amount in each slab × number of days × annual rate ÷ 365]. Rates may change; check the live rate page.brand website ↗
- Type of offer
- Special offerbrand website ↗
Dates
- Starts
- Sep 1, 2026brand website ↗
- Ends
- Dec 9, 2026brand team
- Time zone
- Asia/Kolkata
Who qualifies
- Audience
- Resident individuals, including joint applicants; eligible foreign nationals residing in India with valid documentation; and Hindu Undivided Families. Minors can open designated minor accounts under the applicable guardian or account rules. Applicants must meet the bank’s KYC requirements.brand website ↗
- Requirements
- For online opening, provide Aadhaar and PAN and complete KYC
- the bank’s process also calls for an Aadhaar-linked mobile number and Video KYC. At a branch, bring PAN (or Form 60), a passport-size photograph and valid identity/address documents. The opening process says to deposit the amount required for the account variant. Common variants have ₹10,000 or ₹25,000 average monthly balance requirements
- requirements may differ by account type.
- Only NRIs with NRE/NRO accounts can open the account.
- Valid regions
- Any Non resident Indiansbrand team ↗
- Where it applies
- Nationwide in Indiabrand team ↗
Conditions
- Minimum spend
- No minimum opening deposit or ongoing balance requirement is stated for the savings-account offer as a whole. Requirements vary by account variant; the bank lists ₹10,000 or ₹25,000 Average Monthly Balance for some variants. Quantum+ has no minimum balance requirement, though an initial deposit may be requested during opening.brand website ↗
Exclusions
- Not included
- Non-NRIsbrand team
Redemption
- How to redeem
- Open a savings account online through the bank’s website or mobile app, or apply at a branch. Complete the application and KYC steps, including Video KYC for the online process. Interest is earned on the account balance; no promotional code is stated.brand website ↗
- Steps
- For NRIs with NRE/NRO accounts only. Online: enter Aadhaar and PAN details, complete Aadhaar OTP verification, choose an account variant and open the account. Complete Video KYC if required for full account access. Alternatively, apply at a branch with a passport-size photo, PAN (or Form 60) and valid ID proof.inferred ↗
Limits & stacking
- Per customer
- Nonebrand team
- Combines with other offers
- Nobrand team
Offer specifics
- NRI availability
- Australia
- Canada
- France
- Hong Kong
- Malaysia
- Oman
- Qatar
- Saudi Arabia
- Singapore
- United Arab Emirates
- United Kingdom
- United States
- Who can open the account
- NRIs onlybrand team
- Rate changes
- The bank says it generally publishes savings interest rate changes on its official website rather than notifying each customer directly. It also says updated rates are displayed at branches. Customers should check the website or a branch for current rates; the bank does not promise an individual notification or a specific advance-notice period.brand website ↗
- Balance charges
- Minimum balance shortfall charge: ₹10,000.brand team ↗
- Shortfall charge amount
- 10000brand team
- Balance shortfall charge
- minimum in ₹brand team
- Who can open
- NRIs only (NRE/NRO accounts)brand team
- Monthly calculation
- Interest is calculated on each day’s end-of-day balance, progressively across the applicable balance slabs: each portion of the balance earns the rate for its slab, rather than the highest slab rate applying to the whole balance. The bank totals the daily interest and credits it monthly. Its formula for an unchanged balance is the sum, for each slab, of amount in that slab × number of days × applicable annual rate ÷ 365. Rates can change; check the bank’s current rate table for the applicable slabs and rates.brand website ↗
Questions shoppers ask
How often is interest credited?
Monthly. Interest is calculated daily on each day's end-of-day balance and credited every month.
What are the current interest rates?
From 2026-10-04, rates apply progressively by balance slab: ₹0–₹3 lakh earns 2.50% p.a., above ₹3 lakh–₹25 lakh earns 7.00% p.a., and above ₹25 lakh earns 6.00% p.a. Rates may change, so check the live rate page.
Does the highest rate apply to my whole balance?
No. Each portion of your balance earns the rate for its own slab.
Is there a minimum balance?
It depends on the account variant. Some variants require a ₹10,000 or ₹25,000 average monthly balance. Quantum+ has no minimum balance, though an initial deposit may be requested.
Do I need a promo code?
No promotional code is stated. Interest is earned on your account balance.
Will I be notified if rates change?
The bank generally publishes rate changes on its website and at branches. It does not promise individual notification or a specific notice period.
When does the campaign run?
From 2026-09-01 to 2026-12-09 (India time).