As the year draws to a close, many professionals receive bonuses, incentives, or increments that offer a significant opportunity to strengthen financial stability. Managing this income effectively requires a reliable and feature-rich salary account.
The Digital Salary Account by IDFC FIRST Bank is an excellent choice for its superior features, such as high savings interest rates, Zero Fee Banking, and the ability to invest directly in instruments like Systematic Investment Plans (SIPs) and Equity-Linked Savings Schemes (ELSS) through its Mobile App. This account equips you to manage, grow, and invest your year-end income smartly.
Maximise your year-end income benefits with IDFC FIRST Bank’s digital salary account
Boost your savings with higher interest rates
With one of the highest savings account interest rates in the market, the IDFC FIRST Bank Digital Salary Account ensures that every rupee in your account works harder for you. Use your year-end income to grow your savings efficiently.
Set up Systematic Investment Plans (SIPs)
Leverage the convenience of the IDFC FIRST Bank salary account to start or increase contributions to SIPs. This allows you to systematically invest in mutual funds and achieve long-term financial goals through the power of compounding. You can also monitor all your mutual fund investments in one place through the Bank’s intuitive mobile app.
Invest in ELSS for tax savings
Utilise a portion of your bonus or idle funds to invest in Equity-Linked Savings Schemes (ELSS) directly through your salary account. This not only helps you build wealth but also reduces your taxable income under Section 80C.
Automate bill payments and savings
Use the IDFC FIRST Mobile Banking app to automate bill payments and transfers to savings or investment accounts. This ensures you allocate your year-end income efficiently and avoid unnecessary late payment fees.
Take advantage of zero-fee banking
Save on banking transactions with zero-fee banking on services like NEFT, RTGS, IMPS, debit card, demand drafts issuance and chequebook reissuance. These savings add up, allowing you to channel your funds towards more productive uses.
Build an emergency fund
Set aside a portion of your year-end income in your IDFC FIRST Bank Salary Account to create or boost your emergency fund with high interest rates and monthly interest credits. Additionally, with high daily ATM withdrawal limit of up to ₹2 lakhs and transaction limits of ₹6 lakhs, the IDFC FIRST Bank Digital Salary Account offers the flexibility needed during unforeseen events.
Plan big purchases strategically
Use your bonus wisely by planning high-value purchases with the support of the account’s higher transaction limits of up to ₹6 lakhs per day. This ensures smooth and secure payments without restrictions.
Explore exclusive lifestyle benefits
As an IDFC FIRST Bank Salary Account holder, enjoy premium perks like Amazon Prime, Times Prime, and Swiggy One membership, offering exclusive access to brand deals, OTT platforms, and food and grocery shopping. These benefits allow you to save on everyday expenses and indulge in lifestyle upgrades with minimal costs.
Avail low-interest personal loans
If your year-end plans include larger expenses like home renovations or travel, consider the personal loans with pre-approved amounts of up to ₹2 lakhs available through your IDFC FIRST Bank Digital Salary Account. You can enjoy preferential rates on your pre-approved personal loan.
Additionally, you can consolidate your existed debt with IDFC FIRST Bank via balance transfer and enjoy 1% lower interest rate. These facilities ensure financial flexibility without straining your savings.
Monitor and track finances with the IDFC FIRST Bank Mobile App
Utilise the comprehensive tools in the IDFC FIRST Bank Mobile App to monitor all your accounts in one place. Set financial goals, pay bills, and track expenses. The app’s intuitive interface ensures you stay on top of your finances effortlessly.
Conclusion
The end of the year is an opportune time to realign your finances and set the stage for a prosperous future. With its unparalleled features like high savings interest rates, zero-fee banking, and seamless access to investment tools, the IDFC FIRST Bank Digital Salary Account empowers you to make the most of your year-end income.
Take charge of your financial goals and step into the new year with confidence. Open an IDFC FIRST Bank Digital Salary Account today and unlock smarter ways to grow and manage your wealth!
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