Zero-fee banking for savings accounts announced by IDFC FIRST Bank.

On December 17, IDFC FIRST Bank announced ZERO Fee Banking for savings accounts as well as the elimination of fees for 25 frequently used banking services.

Savings account services like cash deposits and withdrawals at branches, third-party cash transactions, demand draughts, IMPS, NEFT, RTGS, check books, SMS alerts, interest certificates, insufficient balance for ATM transactions, using an international ATM, and more are included in the banking services.

Customers who maintain an average monthly balance of as little as 10,000 as well as the 25,000 AMB savings account variation will be eligible for these incentives, according to the bank.

This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.