IDFC FIRST Bank Forex Broker

General Information IDFC Limited was set up in 1997 to finance infrastructure, focusing primarily on project finance and mobilization of capital for private sector infrastructure development. Dr. Rajiv Lall joined the company in 2005 and successfully expanded the business to Asset Management, Institutional Broking, and Infrastructure Debt Fund. He applied for a commercial banking license to the RBI in 2013. In 2014, the Reserve Bank of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank in the private sector. Following this, the IDFC Limited divested its infrastructure finance assets and liabilities to a new entity - IDFC Bank- through demerger. Thus, IDFC Bank was created by demerger of the infrastructure, lending business of IDFC to IDFC Bank in 2015. The bank was launched through this demerger from IDFC Limited in November 2015. An aspiration for accelerated and sustained growth paved the way for the merger of erstwhile IDFC Bank Ltd and erstwhile Capital First Ltd on December 18, 2018. Thus, a new bank with a new DNA was born – IDFC FIRST Bank. Personal Banking Savings& Deposits Savings and Deposits accounts include Savings Account, Corporate Salary Account, Senior Citizen Savings Account, Minor's Savings Account, NRI Savings Account, Health FIRST Savings Account, Future FIRST Savings Account, Vishesh Savings Account (Open an account with a minimum balance of ₹5,000), Pratham Savings Account (BSBDA), Honour FIRST Defence Account, Salary Booster Account. Loans Solutions Loan solutions provided by IDFC FIRST Bank include Home Loans, Consumer Durable Loan, Home Loan, Two Wheeler Loan, Pre-owned Car Loan, Loan Against Property, and more. Invest & Insurance Investment and Insurance services include Mutual Funds, Sovereign Gold Bond, Term Insurance, Health Insurance. Payment Transfer funds quickly and effortlessly with IDFC FIRST Bank. IDFC FIRST Bank provides online money transfers through NEFT, IMPS, RTGS as well as our mobile banking app. You can even step into your nearest IDFC FIRST Bank branch and easily transfer funds. Instantly transfer funds from one account to another with our Immediate Payment Service, (IMPS). Available 24/7, you can access this bank money transfer service through internet banking or the IDFC FIRST Bank mobile app. Transfer funds to a third-party account through our National Electronic Fund Transfer service. You can complete online money transfers to an account from any bank that is a participating member of RBI‘s National Electronic Fund transfer (RBI – NEFT) scheme. Immediately transfer funds to any third-party beneficiary with this company Real Time Gross Settlement System (RTGS). The only requirement that needs to be fulfilled is – the beneficiary’s account must be associated with a bank that participates in RBIs Real Time Gross Settlement System (RBI – RTGS) scheme. SME Banking Accounts & Deposits Accounts include Freedom account, World Business Account, Current Account. Loan Solutions Loan solutions by SME Banking include Unsecured Business Loan, Loan Against Property, Workings Captial Loan, Commercial Vehicle Loan. Business Solutions This parts includes Point of Sale, Payment Gateway, Import Forex Solutions, Mutual Funds. Wholesale Banking Lending and Corporate Linked Finance This part includes Working Capital Finance, Term Loans, as well as Corporate Finance. Trade Trading services include Domestic Trade Finance, Remittance & Trade Advisory, Export Finance, as well as import Finance. Cash Management Services This part includes payments, collections, Liquidity Solutions, as well as Onlien Platforms.