IDFC FIRST Bank Scholarship 2024: Rs 2,00,000 Scholarship, Check Eligibility, Apply Now.

IDFC FIRST Bank Scholarship 2024: This scholarship program is a need-based financial aid program designed to support meritorious students from low-income families, making higher education in business management more accessible. Targeting students whose family income is less than INR 6 lakh per annum, this scholarship offers INR 2 lakh over two years to those enrolled in the first year of a full-time MBA course for the academic session 2024-26.

IDFC FIRST Bank, established in December 2018 following the merger of IDFC Bank and Capital FIRST, offers a comprehensive range of financial services to individuals, small businesses, and corporates across India. The scholarship is part of the bank’s Corporate Social Responsibility (CSR) activities for 2024-26, reflecting its commitment to education and community development.

IDFC FIRST Bank Scholarship 2024 Overview

Particulars Details
Name of the Scholarship IDFC FIRST Bank Scholarship 2024
Provider Detail  IDFC FIRST Bank
Scholarship Type Means-based
Eligibility First-year MBA students in India
Scholarship Amount INR 2 lakh (INR 1 lakh per year)
Application Timeline* July 31, 2023

Eligibility Criteria:

  • Open for Indian nationals residing in India only. 
  • The students must be enrolled in the first year of the 2-year MBA program of the starting batch of the current financial year. 
  • They must be enrolled in any of the MBA colleges mentioned in the list. 
  • The age of the applicants should be 35 years or less at the time of application. 
  • The gross annual family income of the applicants should be less than or equal to INR 6 lakh per annum from all sources.

Award Details

A total of 350 beneficiaries will be selected under the IDFC FIRST Bank MBA Scholarship. The students who get shortlisted will get a scholarship sum of INR 2 lakh (INR 1 lakh per year) over the duration of their 2 years MBA program. This scholarship amount will only be paid towards the tuition fees of the scholars. Its disbursal will be made into the college account only.

Documents Required:

1. Personal information documents

  • Applicant’s Photograph
  • Identity Proof (Aadhar Card, Voter ID Card, Driving License)

2. Admission-related documents

  • Admission Letter (With the name of institution, admission year and batch)
  • Copy of Fee Receipt

3. Academic record documents

Copy of Graduation marksheet/passing certificate

4. Income Proof (anyone)

  • Copy of Salary Slip (Parents)
  • Copy of Income Tax Returns (Form 16A)
  • Income Certificate issued by a relevant government authority (Tehsildar or Magistrate)

5. Other Documents (If applicable)

  • Disability certificate
  • Loan sanction letter
  • Death certificate, if there is a death of the sole earning member of the immediate family
  • Document of any other scholarships received for pursuing MBA degree.

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Application Process:

Step 1: Visit the scholarship page of IDFC FIRST Bank MBA Scholarship Click Here.

Step 2: Read all the details carefully and click on the ‘Apply Now’ button under the ‘How can you apply?’ section to proceed. 

Step 3: Login to Buddy4Study using a registered ID to land on the ‘Online Application Form Page’. If not registered, please register using an Email/Mobile/Facebook/Gmail account.

Step 4: A separate application instruction page will open. Read the instructions carefully and click on the ‘Start Application’ button. 

Step 5: Fill in all the required details in the scholarship application form and upload all the relevant documents. 

Step 6: Accept the ‘Terms and Conditions’ and click on the ‘Preview’ button to check if all the details filled are correctly showing or not. 

Step 7: If all the details in the preview are correct, click on the ‘Submit’ button to complete the application.

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Contact Details

In case of any queries, please reach out to:

mbascholarship@idfcfirstbank.com

Apply Link – Click Here

Homepage – Click Here

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