Important: IDFC Revised Charges for Non-Maintenance of AMB starting 1st January 2025

[Anindya98]

Greetings from IDFC FIRST Bank.

We are reaching out to inform you of upcoming changes to the charges associated with non-maintenance of the required Average Monthly Balance (AMB) in your Savings Account.

Details of upcoming changes

Non-Maintenance of AMB: Effective 1st January 2025, a fixed percentage charge will apply for failing to maintain the required AMB in your Savings Account. This charge will be based on the shortfall between the actual balance maintained and the minimum balance required, as agreed at the time of account opening.

New Non-Maintenance Charges for IDFC FIRST Bank Savings Accounts (Effective 1st January 2025)


Non-maintenance charges are not applicable for FIRST Select, FIRST Wealth & FIRST Private customers. T&C apply.

​

 

[Ram1]

Everyday a new devaluation🙆

 

[Anindya98]

Everyday a new devaluation🙆

It's not a devaluation just that the bank is trying to recover the losses. They made a blunder by launching Ashva & Mayura CC without a solid plan they made huge losses on printing the metal cards and customers not activating it after taking it. Also, they trying hard to maintain the tagline "Zero Charges Savings Account". The value I get from the account is worth maintaining 25K MAB. Earned more than 20K and next year trying to upgrade to Private by mid-next year, I will be making around 25K just by upgrading my account.
Also, most of the private bank charges non-maintenance charges from the beginning. IDFC joined the party late.

 

[codenerd]

Looka like a very basic change. I too have 25K MAB Acc bur got it converted to First Wealth. Hence i dont think i will be facing any non maintenence charge. Can someone correct me if I am wrong?

 

[Anindya98]

Looka like a very basic change. I too have 25K MAB Acc bur got it converted to First Wealth. Hence i dont think i will be facing any non maintenence charge. Can someone correct me if I am wrong?

You have to maintain 25K MAB not Wealth 10L AQB