Zero Balance AMB Account from IDFC First Bank, Is It Worth It? Need Advice!

[Anindya98]

yes this is true. i received the mail, closed the account same day after redeeming the reward points.

You’ll be charged at the time of renewal, not in January 2026. So don’t close it now, wait until the renewal period.

Closed online or by branch visit ?

Both possible

 

[tuhin]

It's not lucrative anymore

 

[Hemang]

You’ll be charged at the time of renewal, not in January 2026. So don’t close it now, wait until the renewal period.

Both possible

but bhai vese bhi iss account aur card ka koi use bacha nahi tha, fir band kar hi diya mene to.

 

[Hemang]

Closed online or by branch visit ?

RM ko contact krke, usne process kiya, sms aayega jispe consent deni hai close krne ki hume bs, within 5 minutes account was closed. Apne kuch points ho to vo redeem jarur kar lena savings account ke.

 

[s1t2y3a3m6]

You’ll be charged at the time of renewal, not in January 2026. So don’t close it now, wait until the renewal period.

Both possible

Annual fee will be charged for everyone

 

[Raj_]

Can't we just permanently block the card?

 

[Nishan11]

Any relationship with IDFC is not worth destroying mental peace.

Their branch people don't have knowledge about bank various policy or offers. Customer care people politely says we are working on it with no timeline. Even mailing ceo desk is of no help.

 

[saber.mbt]

From next month most account will be closed or converted in to zero AMB after IDFC reward devaluation announcement from Jan 1st 2026

 

[tuhin]

From next month most account will be closed or converted in to zero AMB after IDFC reward devaluation announcement from Jan 1st 2026

Even if your account is migrated to zero amb, no extra benefits. Rewards are gone, debit card chargeable. I don't think that this bank will survive. Nothing exceptional! They should atleast provide amb waiver policy like if you maintain 10K, they will waive off debit card amc. Don't know who designed such thing here. Branch is less, practically zero. Atm is very rare. Whats the benefits now!!

 

[SSQ]

Rewards are gone, debit card chargeable. I don't think that this bank will survive.

If this is the criteria, no bank would have existed. Their savings account is still better than most of the other private banks.

 

[Anindya98]

Even if your account is migrated to zero amb, no extra benefits. Rewards are gone, debit card chargeable. I don't think that this bank will survive. Nothing exceptional! They should atleast provide amb waiver policy like if you maintain 10K, they will waive off debit card amc. Don't know who designed such thing here. Branch is less, practically zero. Atm is very rare. Whats the benefits now!!

@SSQ 100% agreed.
Unlimited Withdrawal at any bank 🏧

 

[ALOAK]

Hey everyone!

I recently got an interesting offer from IDFC First Bank, and I’d love to get your thoughts and experiences.

Since I already have a credit card with them, they’re offering me a Zero balance AMB savings account but only if I set up auto-pay for my credit card from this new account.


Now, I have a few questions:

1. If I activate auto-pay now and then disable it after a month or two, will the savings account still remain zero balance AMB?
2. If the answer is no, do you think it’s worth waiting it out? Could they possibly offer a zero balance account without any conditions in the future?
3. Any other advice, tips, or things I should be cautious about?

Would really appreciate your insights. Thanks in advance!

Edit:-

Personally, I do not believe in auto pay for credit card. That’s why I am trying to avoid that.

Yes, I do want to open IDFC First account, but I’m already maintaining a high balance in my other bank account, so I don’t want to open another one that requires maintaining an AMB


View attachment 92359

It is worth it, I too have it from past 2yrs had received same offer. No other bank offers zero amb on regular account. Go for it

 

[krishna_]

Even if your account is migrated to zero amb, no extra benefits. Rewards are gone, debit card chargeable. I don't think that this bank will survive. Nothing exceptional! They should atleast provide amb waiver policy like if you maintain 10K, they will waive off debit card amc. Don't know who designed such thing here. Branch is less, practically zero. Atm is very rare. Whats the benefits now!!

Keep 25k amb everything including debit card will be free

 

[Lorddiesel]

@SSQ 100% agreed.
Unlimited Withdrawal at any bank 🏧

IDFC cannot be trusted, they may devalue at any time. Remember their credit cards, at the time of their launch they made shocking benefits, but after a few months, most credit cards are practically useless.

 

[Anindya98]

IDFC cannot be trusted, they may devalue at any time. Remember their credit cards, at the time of their launch they made shocking benefits, but after a few months, most credit cards are practically useless.

Everything eventually changes. No bank keeps the same benefits forever. They update or remove features over time to sustain themselves in the market. It’s just part of the cycle. As long as the product is meeting your needs right now, there’s no harm in using it.

 

[komal]

Everything eventually changes. No bank keeps the same benefits forever. They update or remove features over time to sustain themselves in the market. It’s just part of the cycle. As long as the product is meeting your needs right now, there’s no harm in using it.

Private banks me jyada hota hai ye sab .
PSU to fir bhi thoda bahut stable rehte hai

 

[saber.mbt]

Even if your account is migrated to zero amb, no extra benefits. Rewards are gone, debit card chargeable. I don't think that this bank will survive. Nothing exceptional! They should atleast provide amb waiver policy like if you maintain 10K, they will waive off debit card amc. Don't know who designed such thing here. Branch is less, practically zero. Atm is very rare. Whats the benefits now!!

Think this scenario, bank may bring revaluation with points reduction in a short period too

 

[Anindya98]

Private banks me jyada hota hai ye sab .
PSU to fir bhi thoda bahut stable rehte hai

Y e s

 

[itzmycard]

Where do I find in the app the required mab to be maintained ?