There are many banks that are operating in India. While there are big public sector banks like Canara Bank, Bank of Baroda, etc. and there are the biggest public sector banks like State Bank of India in our country.
But does that stop private players in the banking sector of India?
The answer to this question is NO.
Despite stiff completion from the banks like State Bank of India, the private players in the industry are somewhat winning the game.
But wait, how can that be possible?
It is possible because of the customer service which these private sector banks like IDFC FIRST Bank, ICICI Bank, etc. offer to their customers.
If you ever had a bank account in government bank and a private bank I am very sure that you might have felt the difference.
If you got to a branch of government bank you will not get a good response from the employees of the bank. But at the same time if you enter a private bank’s branch you will feel the welcoming gesture of the bankers.
This is why private players are making profits in our Indian banking ecosystem. Customer service is not the only thing that the private sector banks are using. It also because of the feature-rich banking system, interest rates on a savings account, and more.
After all who dislikes free money? Everyone likes it. We can take the IDFC FIRST Bank as an example of high-interest rates.
IDFC FIRST Bank offers 7% p.a for the customers who maintain a savings account balance of Rs. 1,00,000 and above. Whereas the State Bank of India still gives around 3%
If you want to check your IDFC FIRST Bank account balance. Then we will learn different methods by following which you can do it.
There are multiple methods that will help you to know more about the balance of your bank account. As we were talking about the interest rates.
People show their concern about the security of their deposits. Well, that is an issue in India. This is the reason why some people prefer to maintain bank accounts in government-owned banks of India. However, it is a legit reason in India.
How to Check Balance of IDFC FIRST Bank Account?
There are multiple methods that you can follow to check the balance that is remaining in your IDFC FIRST Bank account. Some of them will need you to personally step out of your place. And some methods can help you to know the balance from the place where you are right now.
You can use any of the methods which you feel are right for you.
Using the ATM Machine
IDFC FIRST Bank is still a new bank in India and I have observed that the number of ATM machines they have across India is very less in numbers. If you stay in big cities you can find their machines but in semi-urban and rural places we can not find their machines.
They will definitely put up some more machines in the coming days. But speaking as of now the numbers are less.
Because of this, there is no for you to worry about. You can use the ATM Machine of any Indian origin bank to check your account balance.
To do this go to any of the ATM machines which are near to you. Insert your card and press your 4 digits ATM PIN number. Select the balance inquiry from the ATM’s screen and you are done with it. The balance that is remaining in your bank account will be displayed to you.
Getting a Bank Account Statement from the Home Branch
This is a good option for those people who stay near their IDFC FIRST Bank’s home branch. In this method, you have to visit your home branch and talk to the bankers there.
In the olden days, we used to use our bank passbook to check the balance of our account. What we had to do is visit the bank’s branch and get the passbook filled with all the latest transactions.
But we can not do this in the case of IDFC FIRST Bank. That is because they don’t issue physical bank passbook to their customers.
So you have to personally go to the home branch of the bank and ask the bank employees to issue a bank account for you. They will ask your bank account number and an identity proof document to verify you are the real owner of the bank account.
Here you should note one thing and that is the bank might charge you to issue the bank account statement in some cases. Like say you have not maintained your monthly average balance, in such cases, you will have to pay extra to get a copy of the account statement from the bank.
IDFC FIRST Bank’s Internet Banking
With the help of the internet banking services of the bank, you can check your bank account balance. And you can also get a soft copy of the account statement for you.
If you need a hard copy or a printed one then you can get it printed by yourself. You can obtain this soft copy of the account statement for free with the help of internet banking.
All you have to do is open the official website of the bank and login to your internet banking account. As soon as you enter the correct username and password the balance of your account will be displayed on your screen.
IDFC FIRST Bank’s Mobile Banking
If you are using the official mobile banking application of the bank then you might be knowing they have a really good user interface.
The user interface is very clean and easy to navigate and I personally love the mobile banking application of the bank.
In the initial days when the IDFC Bank was merged with Capital First Ltd., both internet banking and mobile banking were not working great.
The time which both these things used to take to load was too much. But now they have improved a lot. If you want to check your account balance with the help of a mobile banking application.
Then you have to download and install the application from the Google PlayStore or iTunes only. Other sources to install banking applications might not be safe. After installing just open the app and login with your credentials. Your balance will be displayed on the dashboard of the mobile banking application.