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World business Account

When your business spreads across borders, you’ll need a strong bank to ensure that it is safe, secure, and growing. IDFC FIRST Bank offers one of the best World Business Accounts to help your business grow and make international and domestic trade effortless.Read More

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Empower Your Enterprise with the Ultimate Current Account Solution

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ZERO Charges: Enjoy 10+ commonly used trade & forex services without fees.

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Online Trade Platform: Single platform for all your accounts, trade transactions and FX rate booking

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Customizable reports:To track, manage and prioritize your trade business transactions at your ease

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All-in-one app: A single app with 100+ features that meet both personal and business financial needs

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WhatsApp Banking: Access your accounts anywhere, anytime. Just send a 'hi' to 95555 55555 to get started

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Beyond Banking Services: We offer 100+ Beyond Banking offerings to suit your enterprise's needs, including ERP, HRMS, Payroll, Taxation, Legal, Cloud Services, CoWorking Spaces, etc.

100K World Business Account

100K World
Business Account

Make the most of great benefits like:

  • Free Cash Deposit Limit: ₹12 Lakh per month
  • Free 300 Cheque Leaves per month
  • Free DD Issuance
  • Free 25 ATM Transactions per month
  • Free Non-Financial Transactions at IDFC FIRST Bank ATM
  • Free Visa Signature Card
  • ₹1 Lakh AMB Requirement & Monthly Trade throughput USD 30,000
50K World Business Account by IDFC FIRST Bank

50K World
Business Account

Trade without any hassles and enjoy benefits such as:

  • Free Cash Deposit Limit: ₹6 Lakh per month
  • Free 200 Cheque Leaves per month
  • Free 15 ATM Transactions per month
  • Free Non-Financial Transactions at IDFC FIRST Bank ATM
  • Free Visa Signature Card
  • ₹50K AMB Requirement & Monthly Trade throughput USD 15,000
25K World Business Account

25K World
Business Account

Take your business further with:

  • Free Cash Deposit Limit: ₹3 Lakh per month
  • Free 50 Cheque Leaves per month
  • Free 10 ATM Transactions per month
  • Free Non-Financial Transactions at IDFC FIRST Bank ATM
  • Visa Platinum Card
  • ₹25K AMB Requirement & Monthly Trade throughput USD 5,000

ELIGIBILITY

Who can apply?

  • Self Employed Professionals
  • Hindu Undivided Family (H.U.F.)
  • Sole proprietorship
  • Partnership
  • OPC / Private / Limited Company
  • Limited Liability Partnership

Documentation

Sole proprietorship

  • 2 documents in the name of Entity
  • Address proof in the name of entity
  • Proprietor Document – (Photo, PAN copy and 1 OVD document copy)
  • Nature of Industry proof (In case not indicative in Entity documents, please check for Invoice Copy, Bill of Entry, Freight Invoice, Agreement Copy)

Partnership

  • Partnership Deed/s
  • Partnership Firm Declaration
  • Entity PAN card copy
  • Address Proof in the name of the Entity
  • OVD copy of the Partners / Authorised Signatories / Beneficial Owners (Including Latest Photograph and PAN card copy)

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Schedule of Charges

  • Click here to read the Schedule of Charges

World Business Account eligibility

FREQUENTLY ASKED QUESTIONS

What is a Current Account?

A Current Account is an account that is used by business enterprises or self-employed professionals to carry out business-related transactions. It allows businesses to carry out a higher number of transactions daily.

What is a World Business Account?

World Business Account is a type of a Current Account specially designed for Exporters, Importers, and International Service providers.

How do I open a World Business Account?

You can open an IDFC FIRST Bank World Business Account by visiting your nearest bank branch or click here to apply online.

Who can apply for a World Business Account?

Anyone who meets any of the following requirements can apply:

- Self-employed professionals

- Hindu Undivided Family (H.U.F.)

- Sole proprietorship

- Partnership

- OPC / Private Limited Company

- Limited Liability Partnership

What are the documents required for opening a World Business Account?

Click here to view the complete list of documents required to open a World Business Account

Does a World Business Account earn interest?

Yes. With BRAVO feature, you can enjoy interest on World Business Current Account. BRAVO feature allows you to set up an Auto Sweep into FD limit, with no penalty on premature FD breakage. Click here to know more about the ‘BRAVO’ feature for Current Account

What is the minimum Average Monthly Balance (AMB) required to be maintained in the IDFC FIRST Bank World Business Account?

You can either maintain minimum Average Monthly Balance or can route trade transaction as per below table:
 

Name of Product Minimum Monthly Balance Requirement Trade Throughput
World Business Account - 1 Lakh ₹1 Lakh USD 30,000
World Business Account - 50K ₹50K USD 15,000
World Business Account - 25K ₹25K USD 5,000

What are the benefits of opening a World Business Account?

After opening a World Business Account with IDFC FIRST Bank, you can avail of below benefits:

- Advice from a dedicated trade specialist

- Completely digital, paperless banking experience

- Bundled offering for Import/Forex rate & Bill Of Entry submission

- Online / Export Data Processing and Monitoring System (EDPMS) submission

- State-of-the-art Mobile Banking App & Net Banking platform- Anywhere banking without restrictions

What do I get after opening a World Business Account?

After opening a World Business Account with IDFC FIRST Bank you will receive a Welcome Kit which includes- Welcome Letter, Code of Conduct, Cheque-book and Debit Card.

What are the fees and charges on World Business Account?

IDFC FIRST Bank has minimal and transparent fees & charges. Click here to view.

Can I deposit or withdraw cash in any IDFC FIRST Bank branch?

Yes, every Branch is a Home Branch with IDFC FIRST Bank which means you can get banking service like cash deposits or withdrawals at any IDFC FIRST Bank branch in the country. These services are provided without any additional charges.

What are the digital modes through which I can access IDFC FIRST Bank World Business Account?

Current Account can be accessed through the following digital modes:

- Internet Banking & Mobile Banking

- 24x7 Banker on Call 1800-10-888

- Alerts through Email and SMS

- WhatsApp Banking & Bitly Banking

What all Beyond Banking offer will I get with my World Business Account?

IDFC FIRST Bank Beyond Banking offers premium banking services with 100+ partners. You can benefit from 150+ offers across offers across ERP & Accounting, HRMS Solutions, Legal, E-commerce, Logistics and Travel, and more.

Click here to view the Beyond Banking offers.

What are the digital Payment & Collection solutions available for my World Business Account?

Below are some of the digital payment and collection solutions available with IDFC FIRST Bank World Business Account:
 

Payment Solutions Collection Solutions
NEFT/RTGS/IMPS UPI-QR
Debit Cards POS Machine
E-commerce payments using Net Banking Doorstep Banking services with live tracking facilities
Bill Payments Payment Gateway
Bulk transaction facility on Net Banking Virtual Accounts
GST/Direct Tax Payment Collection API
Payment API NACH/e-NACH

What are the Trade & Forex solutions available with the World Business Account?

Below are the Trade & Forex solutions available to facilitate your international business requirements:

- Letter of Credit

- Bank Guarantee

- Document Collection

- Inward & Outward Remittance

- Hedging and Currency Protection

- FDI/ ODI/ ECB

- Escrow Services

More FAQs


Disclaimer

The applicable Fixed Deposit (FD) rates are notified on the Bank's official website and are subject to change from time to time. The interest rate mentioned herein is applicable as on date for the deposits having 370 days tenure. The depositors shall ascertain the FD rates on the value date of FD. In case of pre-closure of FD, applicable bucket rate as per tenure will apply. The services are being offered free in good faith. In case of abuse of services, the Bank reserve all the rights to charge fees, as applicable. T&C’s apply. All rights reserved.

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