IDFC FIRST Private Debit card

Just like most other private banks, IDFC first bank too recently has come up with their premium banking program with a set of new products and services to offer to its affluent customers.

Here’s everything you need to know about the IDFC Bank’s Premium banking program,

Program Variants

It’s basically a 3 tier system and here’s the approx. NRV (as savings a/c balance) that the bank expects for now.

  • Select: 3L
  • Wealth: 10L
  • Private: 25L-50L

While the above criteria is not officially confirmed, this is what we know so far from various sources, via branch banking. If you wish to go via loans & MF as NRV, the expectations would be understandably lot higher.

This may change a bit, and if it does you’ll get to know. And for that don’t forget to signup for the instant email alerts.

So each program comes with its respective lifetime free complimentary credit and debit cards.

Among them, we already have the products available for select & wealth, which are decent in my opinion. 

So private banking products are the new ones to be known. Apart from the beautiful private banking metal debit card that’s Listed on their website, there also seems to be a new IDFC private credit card which appears to be highly rewarding – with the details we know so far.

Upgrades

I quickly checked with the branch for the upgrade of my existing account. Initially they said that I can upgrade to SELECT a/c right away if I wish.

But as I already have the IDFC Select credit card, I don’t find a need and so have requested for the upgrade to wealth A/c, the request which they’re currently looking into. 

If the Wealth A/c goes live, I’ll also be eligible for the wealth credit card upgrade from my current select card. Let’s see how it all goes.

Final thoughts 

It’s good to see that IDFC is coming with premium banking solutions with its dedicated credit and debit cards, which even bigger banks like HDFC/Axis/ICIC aren’t doing.

Just incase if you’re new to IDFC Bank, you can open a new account in matter of minutes digitally with a quick Video KYC process.

The good news in opening a new IDFC Ac is that they allow you to add funds to the account via debit card (first time only) as well.

I was able to get some reward points on my IndusInd debit card through this way and you too can – open a new IDFC savings Account now.

Hope 2022 is a great year for IDFC and also for all of us. That said, not to forget to avail the lucrative new year offers on your IDFC credit cards

What’s your thoughts on the new premium banking program?



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