IDFC FIRST Bank Introduces Exclusive Package Designed for Senior Citizens

IDFC
FIRST
Bank
has
unveiled
an
exclusive
and
specialised
range
of
banking
products
and
services
specifically
curated
to
address
the
unique
financial
requirements
of
the
elderly
members
of
the
society.
 

Mobile
Banking
Redefined
for
Senior
Citizens
 

These
offerings,
include
the

Senior
Citizen
Savings
Account
and
Senior
Citizen
Fixed
Deposits,
reaffirming the
bank’s
commitment
to
provide
superior,
secured
and
customised
financial
solutions
for
this
important
customer
segment.

Under
this
program,
the
Bank
has
introduced
a
dedicated
feature
on
its
Mobile
Banking
App
called
‘Senior
Citizen
Specials’.
This
feature
offers
to
senior
citizens.

• 
  
  Safe,
  secure,
  and
  customised
  investment
  solutions
  as
  applicable
  to
  senior
  citizens’
  needs
  based
  on
  their
  life-stage.

• 
  
  Additional
  0.5%
  interest
  rate
  on
  fixed
  deposit

• 
  
  No
  penalty
  on
  premature
  closure
  of
  the
  FDs

• 
  
  Cyber
  Insurance
  Coverage
  of
  Rs.
  2
  lakhs
  to
  protect
  our
  senior
  citizens
  from
  rising
  cyber
  threats,

• 
  
  Complimentary
  one-year
  MediBuddy
  health
  membership
  with
  unlimited
  complimentary
  doctor
  video
  consultations
  for
  up
  to
  4
  family
  members

• 
  
  Up
  to
  15%
  discount
  in
  network
  pharmacies,
  a
  full
  body
  health
  checkup
  covering
  50+
  parameters,
  and
  a
  Rs.
  500
  wallet
  balance
  to
  avail.

• 
  
  The
  mobile
  banking
  app
  also
  provides
  access
  to
  a
  simplified
  mutual
  fund
  investment
  experience
  which
  is
  backed
  by
  innovation
  and
  research.
  The
  MF
  offers
  are
  conservative,
  and
  can
  be
  modified
  by
  the
  senior
  citizen
  based
  on
  their
  own
  risk-reward
  appetite.
   

Commenting
on
the
Bank’s
offerings
for
Senior
Citizens,

Mr.
Chinmay
Dhoble,
Country
Head
–
Retail
Liabilities
&
Branch
Banking
said,
“We
want
to
treat
our
Senior
Citizens
special
and
we
are

happy
to
announce
specialised
and
innovative
offerings
for
Senior
Citizens.
Our
Senior
Citizen
Savings
Account
eliminates
over
30
charges
that
are
typically
levied
on
savings
accounts.
In
addition,
we
have
put
together
a
very
special
package
for
our
esteemed
senior
citizens,
with
no
premature
breakage
penalty
on
fixed
deposits,
health
benefits,
cyber
insurance
and
a
special
app
customised
for
seniors.
We
hope
this
is
liked
by
our
seniors
and
this
will
be
a
tribute
for
their
contribution
to
us.”
 

For
more
information,
please
visit

www.idfcfirstbank.com.