Festivals bring about times of joy, celebration, and togetherness. However, there are also significant expenses and the need for meticulous financial planning to ensure you can enjoy the festivities without strain. Opening an IDFC FIRST Bank Salary Account can be a wise move in managing your finances efficiently. With its exceptional features and benefits, this account not only simplifies your banking experience but also helps you maximise savings during this festive period.
10 benefits of IDFC FIRST Bank Salary Account you must capitalise on
Zero-fee banking
Enjoy cost-effective banking with zero fees on all common banking services. This ensures that your hard-earned money is used entirely for your needs and not lost to hidden charges.
Monthly interest payouts
Unlike traditional salary accounts, IDFC FIRST Bank offers monthly interest credits, enabling faster compounding and enhanced savings. This feature ensures that your money grows consistently, even as you spend during the festive season.
High savings interest rates
Benefit from one of the most competitive interest rates in the banking industry, allowing you to earn more on your savings. This helps balance your festive spending with increased returns on idle funds.
Higher transaction limits
Manage large festive purchases with ease through daily transactional limits of up to ₹6 lakhs and cash withdrawal limits of up to ₹2 lakhs, offering greater flexibility and convenience.
Exclusive lifestyle perks
Access premium memberships to enhance your lifestyle, such as:
- Times Prime membership for one year on a salary credit above ₹25,000, providing access to over 20 OTT platforms and 40+ brand deals.
- Swiggy One Flagship membership every quarter on UPI or debit card spends of ₹5,000 along with three months of consistent salary credits. It offers exclusive discounts on food deliveries and groceries.
- Amazon Prime membership renewed quarterly, provided consistent salary credits and standing instructions for SIPs or loans of at least ₹5,000. You can enjoy early access to discounts and offers along with 1 day delivery option.
Pre-approved loans
Address festive financial needs without delay by utilising up to ₹2 lakh in pre-approved loans with preferential rates. This facility ensures immediate access to funds without lengthy approval processes. Moreover, you get a 1% lower interest rate on balance transfers for consolidating your existing loan.
Comprehensive health insurance
Secure your health with an additional insurance plan offering coverage of up to ₹25 lakhs at an annual premium starting from ₹900. This coverage is over a deductible of ₹3 lakhs, ensuring robust financial protection.
Complimentary travel benefits
Enhance your travel experiences with trip cancellation coverage of up to ₹50,000 and complimentary access to domestic airport lounges (up to two visits per quarter) depending on the account type. These perks add comfort and convenience to your festive journeys.
Simplified investment options
Leverage systematic investment plans (SIPs) with annual step-ups to incrementally grow your wealth. Additionally, invest your festive bonus into Equity Linked Savings Schemes (ELSS) to enjoy tax-saving benefits while building a robust portfolio.
Unified financial management
With the IDFC FIRST Bank mobile app, you can track and manage all your financial accounts and mutual fund investments from a single platform, giving you a holistic view of your finances during the busy festive season.
Conclusion
The festive season is the perfect time to make smart financial decisions that can simplify your life and maximise your savings. The IDFC FIRST Bank Salary Account, with its remarkable features and benefits, is designed to cater to all your financial needs seamlessly. From high savings interest rates and zero-fee banking to exclusive lifestyle perks and pre-approved loans, this account empowers you to enjoy the festive season without financial stress. Open your Salary Account today and embrace a financially rewarding festive season.
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