IDFC First Bank MBA Scholarship Program 2026-28
IDFC FIRST Bank
All that you need to know about IDFC First Bank MBA Scholarship Program 2026-28
General Information:
The IDFC FIRST Bank MBA Scholarship 2026–28 is a need-based financial assistance program for students pursuing the first year of a full-time MBA course. It is an initiative by the IDFC FIRST Bank designed to support students from families with an annual family income of less than INR 6,00,000, helping them continue their postgraduate management education without financial barriers. Selected students will receive a total scholarship of INR 2,00,000, disbursed as INR 1,00,000 per year over the two-year MBA program.
Eligibility:
- Open to Indian nationals residing in India only.
- Students must be enrolled in the first year of a 2-year full-time MBA program or its equivalent for the class of 2026.
- Applicants must be enrolled in one of the MBA colleges listed in the attached document. (Eligible college list)
- The gross annual family income from all sources should be less than or equal to INR 6 lakh.
- Applicants must have a valid mobile number linked to their Aadhaar number.
- The earning member should not be an IDFC FIRST Bank employee.
Below is the list of documents that need to be uploaded before the final submission of the application form:
- Admission Related Documents
- Admission proof (including the name of the institution, admission year, and batch)
- Copy of fee receipt
- Residence Proof / Age Proof:
- Birth Certificate / 10th Passing Certificate / Passport
- Income Proof (anyone)
- Earning members income certificate
- 143(1) Document
- In case no earning member, No income certificate from authority is mandatory
- Other Documents (if applicable)
- Disability certificate
- Sanctioned loan letter
- Death certificate, if there is a death of the sole earning member of the immediate family
- Documents of any other scholarships received for pursuing an MBA
Important dates & deadlines?
-
22 Jun'26, 12:00 AM IST Registration Deadline
About IDFC FIRST Bank
IDFC FIRST Bank is a new-age Universal Bank in India built on the foundations of Ethical Banking, Digital Banking, and Social Good Banking. We are building a world-class bank in India.
As part of the Bank’s ethical banking approach, it applies a "Near and Dear" Test to its products, so that the employees of the Bank serve only such products they'd want for their own loved ones. It believes income earned unethically is not worth earning.
Therefore, the Bank avoids complicated descriptions, calculations, and legalese that customers don’t understand. It abolished all charges on Savings Accounts including for Debit Cards, IMPS, RTGS, NEFT, Cash Deposit, “Non-Home branch” access, Cash withdrawals at ATMs and at branches, 3rd party transaction charges at branches, SMS Alert, Cheque book, Demand Drafts, Pay-order, duplicate statement, and all such services that are usually charged in the market. It follows the principle that it won’t touch its customers’ bank accounts for one reason or other. It is the first and only bank in India till date to do so.
IDFC FIRST Bank is the first bank in India to offer monthly credit on savings accounts. The credit cards have no hidden charges. It offers Lifetime Free without minimum spend conditions, never-expiring rewards points, zero interest on cash withdrawal at ATMs, dynamic low APR, and much more. Fees if any are transparent and described neatly in a manner a common person can understand. Every product offered by the bank is highly customer-friendly, most often the best in the industry.
As part of technology-led banking, the Bank has built a modern technology stack and has built an advanced mobile app with 250+ features such as Goal based investing, MF investment assistance, electric-speed payments, Account Aggregator, MF Aggregator, Personal Finance Manager, Auto categorisation of spends, single app for personal and business banking, UPI on Credit Cards, travel and shop, bill and recharges, deals and reward redemptions, which offer great convenience to the customers. For business customers the Bank offers on-the-go bulk payments, ability to pay income tax, GST, customs duty, and connected banking with ERP solutions.
As part of the Social Banking theme, the Bank’s business model is naturally geared to social banking. It has developed unique capabilities for financing bottom of pyramid customers with consistently high asset quality. The Bank has financed over 40 million customers including 0.3 million SMEs, 0.9 million livelihood (cattle loans), 16 million lifestyle improvement loans (for laptops, washing machine, etc.), 1 million sanitation loans (toilets, water fittings), 6.5 million mobility loans (2-wheelers and cars), and home financing (over 100,000 homes), and 15 million loans to 4.3 million women-entrepreneurs. It also offers other retail and rural loans such as Kisan Credit Cards, harvest financing, gold loans etc.
IDFC FIRST Bank is a Universal Bank, and offers end to end Corporate Banking, Trade Finance such as issuance of LCs & BGs, SBLC, Packing Credit, Pre-shipment and Post-shipment Finance, Treasury products including risk hedging solutions like Forwards, Swaps, Options, and other Forex Solutions, SME Banking, Wealth Management, NRI banking, Cash Management, Nostro & Vostro account operations, Escrow facilities, Correspondent Banking, Fastag, Toll-acquiring, Dealer Finance and Purchase/Sales Invoice discounting.
ESG Goals: The Bank is incorporating ESG in every aspect of working and has high ESG scores. The Bank believes that to get an opportunity to create a new age, ethical and world class Bank for India is a great privilege for its employees.
Know more: IDFC FIRST Bank - Personal Banking, Loans, Accounts, Cards, Investment | IDFC FIRST Bank