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IDFC First Advantage CA - Fact or Fiction?

  • Thread starter Thread starter Finchamp!
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Finchamp!

TF Premier
Hi community members,

Recently I came across a CA which is opened with an initial deposit of 50K deposit but has no MAB requirement thereafter. Almost all of its key benefits are free. Comes with a LTF Rupay Debit card. Moreso, has a built-in auto sweep feature as per which any funds beyond 50K are automatically subjected to IDFC's FD rate at 370 days which, as on date, is 7.5% for non-senior citizens (8% for senior citizens).

This is the IDFC First Advantage Current Account. Please see - https://www.idfcfirstbank.com/busin...st-booster-advantage-account-fees-and-charges

However, when I tried applying for it, the bank personnel either dint know about it and thought I was confusing it with IDFC First Booster Current Account (First advantage's elder cousin with similar features but requiring an initial deposit of 2L), or told me that its a rural/ sub-urban variant without supporting it with any documentary justification.

So, sum and substance, I still don't know whether the First Advantage CA exists or not 😕 . Is there anyone in the community who holds this account? Or does someone have any information about it? The customer care and branches have proven to be completely useless in this regard!

Looking forward to all of your constructive inputs. Thanks!
 
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