The bank operates through different segments, namely Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Business. It provides a variety of accounts such as savings, corporate salary, current, and business accounts. Additionally, the bank offers fixed and recurring deposits, debit, credit, and prepaid cards, as well as payment services.
IDFC First Bank Limited also specializes in providing loans for personal, consumer durable, home, car, two-wheeler, equipment hypothecation, business, working capital, professional, term, and micro enterprises. They also offer loan against property and loans specifically designed for women.
Furthermore, the bank provides corporate linked finance products, including sales bill/purchase bill/invoice discounting, vendor finance, dealer finance, and factoring/receivables purchase. They also offer treasury and capital market services, trade finance and services, and investment services such as mutual funds, gold bonds, demat and trading accounts, and investment-linked insurance solutions.
In terms of insurance, IDFC First Bank Limited offers a range of products including term, health, motor, home, travel, business, and pradhan mantri insurance products. They also provide savings and annuity plans. The bank ensures convenient access to its services through mobile banking, internet banking, and customer care services.
Additionally, the bank provides cash management services, investment banking services, and investment management solutions. It has a wide network of branches, asset service branches, ATMs, recyclers, and rural business correspondent branches across the country.
IDFC First Bank Limited was previously known as IDFC Bank Limited and underwent a name change in January 2019. It was incorporated in 2014 and has its headquarters in Mumbai, India.