Features And Functioning Of IDFC First Bank
- Digital Banking : Being the first bank in India to launch a regime for cashless merchant solutions, IDFC First Bank offers a variety of options to perform transactions and credits. It has provided it with applications and websites to securely perform transfer of money, and check balance, take loans etc. It has a motive to transform the rural India into a digitally transformed India.
- Varied Financial Options : IDFC First Bank, and after the merge with Capital First provides a wide horizon of financial assets by going deep into provisions of financial solutions. This year, in 2023, IDFC launched a central bank digital currency under the RBI. It has diverse options for both rural and urban areas, thus providing an altogether different perspective of granting finance to even those people who could not afford it.
- Easy and Convenient Client Service : IDFC provides loans in max 3 steps : Documentation, Verification & Approval. This reduces the complexity in the process of providing loans and makes it accessible for every customer, even from rural areas to receive loans. It continues to transform its narratives and methods by introducing technological advancements in the process of providing loans and assets.
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IDFC full form | IDFC First Bank
IDFC Full Form: Infrastructure Development Finance Company is a private sector bank whose Managing Director and CEO is V. Vaidyanathan. IDFC received a banking license from RBI on July 23, 2015, and began its operations on October 1, 2015, with 23 branches planned in Delhi, Madhya Pradesh, Mumbai and three districts of Madhya Pradesh. It is the first universal bank to offer monthly interest credit on savings accounts and lifetime free credit cards with low percentage rates. It is a bank with one of the most convenient systems for customers and holds a service-oriented approach with its clients.