I dropped by the branch near my place to check about getting myself a zero balance savings account. But there, they promptly informed me that the minimum requirement for account opening is a variant that insists on maintaining a balance of at least 10K. Feeling a bit taken aback, I also asked them about the BSBD account , only to be told that IDFC First Bank doesn't offer that kind of account.
Naturally, this left me a bit unsatisfied with the whole situation. I decided to shoot them an email, detailing all my concerns and what I felt was a mix of misinformation. Not stopping there, I took to Twitter to vent out my frustration, maybe just dropping a hint that I might involve the RBI Ombudsman if things don't get sorted. Lo and behold, just two days later, I got a call from the branch itself. They were apologetic about the confusion and misinformation. Not only did they express their regrets, but they also offered to open the account at my convenience, even offering to complete the process at my residence.
But as luck would have it, that particular week turned out to be quite hectic for me, leaving me with no choice but to request them to hold off on the account opening till the next week. Somewhere in between, while I was browsing through the various account options that IDFC Bank had to offer, I stumbled upon the Future First Savings account. It definitely piqued my curiosity, so I thought, "Why not give it a shot?"
Today, an executive from IDFC Bank arrived at my residence to initiate the account opening process. I inquired about the Future First Savings account, only to be informed that it is exclusively designed for students. I suggested that we attempt to proceed with my college as an eligible institution. The executive filled out all the required details, including a peculiar category labeled "Corporate Office." Now, this is where things got a bit tricky. My college, Fergusson College, was absent from the list of options. In response, the representative chose an alternative institution. Unfortunately, I'm drawing a blank on the specific choice made.
What's even more intriguing is that the entire process of opening the account went off without a hitch, without any sort of request for my college ID or any other form of validation. Notably , the application form lacked any sort of mechanism to double-check if you're genuinely a student
or not.
