Features of IDFC First bank account + 1% debit card reward? without aadhaar offline possible?
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Hello Dimers,
Now I am in the process to open IDFC First Savings Bank account, mainly my reason for seeking IDFC First is purely for its debit card utility payment rewards
Some of the doubts I have are:
1) What minimum deposit amount is best for IDFC First bank account? with good features?
2) Is there any FD type account where we can maintain 0 balance?
3) Is the debit card rewards for paying utility bills credited directly as cash or reward points? and if reward points any redemption charges?
4) Can we open savings account offline with PAN and Electoral Voter ID? (dont want to submit aadhaar), so without aadhaar can we open IDFC Savings Account?
5) Do the bank employees visit home to open bank account in IDFC First?
6) Which variant bank account in IDFC First is best?
7) Any interesting debit card variant with 1% utility payment reward? what variant DC we should go for?
0) lots more to ask buttt.... lets see answers for these few questions:) first hehehehehe
Background: My credit card spends are going high and high every month, so my HDFC debit card dont fit my spends anymore to pay credit card bills for 1% reward.
HDFC cant open 3rd account (already asked them they said its risky for account block and denied)
so now chasing other saving account banks that offers debit card reward not less than 0.5% using their debit cards
Please do comment your answers as this will help someone similar like me to open bank account with IDFC First in future by referring this post:)
Please help out:)
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Bhai credt card spends high and high ja rahe hain , arthaat ati rich vyakti ho tum, fir bhi 1% cashback ki laalsa.. 
1. Both their 10k and 25k variant have no fee for most of the banking services, i have 25k variant so i got visa platinum debit card initially, 10k variant get you visa classic debit card. I was upgraded to select banking program and have select visa infinite debit card now.
2. No i don't think so.
3. Rewards points system with redemption fee of 99+gst for each redemption.
4. No idea, i opened my account online with aadhar.
5. Same as 4th point.
6. Basically their privileged banking program has relatively better reward system and you need to make high initial deposits to open your account in wealth banking programs otherwise you have to wait for invite for the same.
7. Reward rate is incremental. Once you cross 50k spends, you will get 10X rewards points on new txns. Now exact reward rate depends on your debit card variant.
If you give PAN then Aadhaar is automatically shared. Your CC spend must me inline with you income or else you will face issues. I think you are trying to use PAN that is not linked with Aadhaar bank might reject your application careful. Even electoral card is linked with Aadhaar. No Aaadhar no identity for you.
i know PAN and Aaddhar are linked internally , but i dont want to explicity give aadhaar every where:) my right my choice right? hence looking for those ways as ITS NOT MANDATORY TO OPEN ACCOUNT USING AADHAAR
for now only saving hope is it didnt crossed 10 lakh per financial institution, so hoping nothing serious will happen with IT (for now)
but ya i get your point:) hehe so trying my best to keep 10lakhs within a financial institution :)
Can anyone confirm?
4) Can we open savings account offline with PAN and Electoral Voter ID? (dont want to submit aadhaar), so without aadhaar can we open IDFC Savings Account?
5) Do the bank employees visit home to open bank account in IDFC First?
bro if u got excess money just give it to me no need to donate it to idfc bank 😝