This World MSME Day, IDFC FIRST Bank Introduces ‘Booster’ Current Account With ZERO Fees

This WORLD MSME DAY, IDFC FIRST Bank introduces ‘Booster’ Current Account with ZERO Fees on 50+ commonly used banking services on Current Account! Yet another ‘customer-friendly’ product from IDFC FIRST Bank.

“As in Indian enterprise in manufacturing, services, trading, retail, import-export, agriculture or startups/ self-employed professionals, we know you work very hard. So, this world MSME day, we have put together a current account product where your money works as hard as you,” the company said.

To get the benefit of this, you have to open your ‘BOOSTER’ current account with IDFC FIRST Bank.

According to the company, all balances above Rs 2 lakh automatically convert to 370 day fixed deposit (FD), with this the account holder will earn 7.25% interest per annum on the FD.

The account holder can withdraw any amount from their current account till the current account balance is zero. There is no minimum balance required to be maintained in the current account.

Furthermore, FD breakage will not attract any penalty on withdrawal and FD breakage will be in units of Rs 1 to give the account holder maximum benefit.

The bank will provide 100+ beyond banking offers for account holder’s needs such as ERP, HRMS, Payroll, Taxation, Legal, Cloud services, co-working spaces and more.

The bank is also giving special offers for MSMEs like zero charges on 50+ commonly used banking services including, charges on non-home branch transactions, NEFT, IMPS, RTGS charges, charges for 3rd party cash deposits and withdrawals, charges on cash deposits at ATMs, demand  draft and pay order charges, charges on bulk upload, virtual accounts, charges on SMS alerts, charges on FIRC, BRC, charges on cash withdrawals, charges on debit card insurance, charges on standing instructions