What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
-
As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
-
-
Charges
| Processing Fees | Up to 3% of loan amount | Upfront PF / IMD to be paid at the time login and balance at the time of loan agreement execution |
Other charges
Up to ₹ |
Remarks | |
| EMI bounce charges | ₹500 Exclusive of GST | For each presentation dishonoured |
| Repayment instrument swap charges | ₹500 | Per repayment change request |
| Copies of documents Charges | Soft copy - NIL Physical copy ₹ 500 Exclusive of GST |
Per request for copies |
| List of Documents | Soft copy - NIL Physical copy ₹ 500 Exclusive of GST |
Per request of list of documents |
| Duplicate No Objection Certificate Issuance Charges | ₹500 Exclusive of GST | Request in addition to bank’s issued letter |
| Stamping Charges. | As per actuals | As applicable for each state for creation of mortgage |
| MCLR to EBR type | NIL | - |
| Loan re scheduling charges | NIL | - |
Repayment Schedule |
Soft copy - NIL Physical copy ₹ 500 Exclusive of GST |
Per physical repayment schedule request |
Statement of Account |
Soft copy - NIL Physical copy ₹ 500 Exclusive of GST |
Per physical Statement of Account request |
| Document retrieval charges | ₹500 Exclusive of GST | Per retrieval request |
| EMI Pick up/ Collection Charges | ₹500 Exclusive of GST | Per Pick up /collection |
| Cheque/ Instrument Swap charges (per swap) | ₹500 Exclusive of GST | - |
| Cancellation & Rebooking Charges | 1% of the loan amount + interest from date of disbursal till receipt of cancellation request. | Cancellation request to be received within 30 days or 1st EMI presentation date, post which cancellation will be treated as foreclosure |
| Switch from Floating to Fixed rate | 0.1% of sanctioned loan amount or Rs.10,000/- whichever is lower, excluding applicable taxes | - |
Charges on account of delayed payments/defaults
Up to ₹ |
|
| Penal charges (per month) | 2% per month (Exclusive of GST) of the unpaid EMI or Rs 300 (Exclusive of GST) whichever is higher |
| Incidental charges & Expenses | Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. Charged on actuals |
Fees
Part Payment charges
| Type of Fees | Remarks |
| Part Payment charges | NIL |
Foreclosure / Prepayment charges
| Type of Fees | Remarks |
| Foreclosure / Prepayment charges | NIL |
Interest Rate
All loans disbursed on or before 30th September 2019 would continue to be linked with MCLR.
| Product | External Benchmark (a) |
Fixed Spread over External Benchmark (b) |
| Housing Loan | Repo | 2.50% |
- • Additional Premium (c) up to 750 bps will be added depending on customer risk profile, product strategy, market competition etc, which will be over and above the (a) External Benchmark (b) Fixed Spread over External Benchmark
- • Premium will be fixed at the time of the origination of the loan and will not be changed unless the borrower’s credit assessment undergoes a substantial change, as agreed upon in the loan contract.
- • In no case the fixed spread be changed for a minimum period of 3 years from the contracted rate.
- • The Repo Rate will be updated on a quarterly basis and any change in the Repo Rate will be passed on to the customers on the next reset date.
Reset Frequency
| Loans booked from 1st October 2019 onwards which are linked with EBR (External Benchmark Rate) would be reset every 3 months. |
Insurance
Specialized insurance products funded with Home Loans
GST, as applicable, will be levied on all service charges. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.
Short & Sweet Home Loan Fees & Charges
Cash and DD charges
| Charges in INR | |
| Cash Deposit Free Limit | 1 lac |
| Cash deposit -Charge above free limit | ₹3 per 1000 |
| DD payable at Correspondent Bank locations | ₹30 per DD |
| Cheque Return | Cheque deposited – ₹50 per cheque Cheque issued – ₹250 per cheque |
Debit Card & ATM charges
| Charges in INR | ||
| Annual charges | Free | |
| ATM transactions IDFC Bank Ltd. ATMS | Free | |
| ATM transactions Non IDFC ATMS (Cash Withdrawal, Balance Enquiry) | 5 Txn per month Free, above 5 txn, Balance Enquiry ₹8 per Txn, Withdrawal ₹20 per Txn | |
| Reissuance (lost or damaged) | Free | |
| Cross Country Mark Up for International transactions (POS/ATM) | 2% | |
| Pin Regeneration | Free |
Payment Services
| Charges in INR | |
| Intra-Bank Fund Transfer - Branch | Free |
| Intra-Bank Fund Transfer -Internet Banking | Free |
| RTGS Payment - Branch | Free |
| RTGS Payment - Internet Banking | Free |
| NEFT Payment - Branch | Free |
| NEFT Payment - Internet Banking | Free |
| NACH Payment | Free |
| IMPS | Free |
| Payable At Par Cheque Issuance | Free |
| DD payable at IDFC BANK locations | Free |
| DD - Duplicate Issuance | Free |
| DD Cancellation/ revalidation | Free |
Miscellaneous Services
| Charges in INR | |
| Account Statement Physical ( Branch/ Channel) | Free |
| Payable at Par Cheque Book | Free |
| Account Closure | Free |
| SMS/ E mail Alerts | Free |
| Phone Banking | Free |
| Net Banking | Free |
| Mobile Banking | Free |
| Standing Instruction- Set Up/Execution/Amendment | Free |
| Bill Payment- Net Banking | Free |
| Bankers Verification (Photo/ Signature/ Address) | Free |
| Balance Confirmation Certificate | Free |
| Record Retreival | Free |
| Interest/ TDS Certificate | Free |
| Stop Payment per Instruction | Free |
| Balance Enquiry (Branch/ Channels) | Free |
Fees
| Upto Rs. | Remarks | |
| Re-pricing Fees | Upto 2% | Re-pricing Fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan |
