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IDFC FIRST Bank Scholarship: Check out eligibility and how to apply

Monitor News Desk by Monitor News Desk
Jul. 14, 2022 Updated 10:26 am. IST
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IDFC FIRST Bank Scholarship for MBA students: Here is how you can apply for Rs 1 lakh grant


IDFC FIRST Bank has announced a Scholarship program for students enrolled in the first year of a two-year full-time MBA course in the academic session 2022-24. 

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The students selected for this scholarship program are awarded Rs 1 lakh per year to cover the tuition fees of their MBA program.

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IDFC FIRST Bank was founded by the merger of IDFC Bank and Capital FIRST in December 2018. The Bank provides a range of financial solutions to individuals, small businesses, and corporates. IDFC FIRST Bank has a nationwide presence and operates in Retail Banking, Wholesale Banking, and other banking segments. The scholarship program forms part of its CSR initiative for 2022-23. To date, more than 900 MBA students have been awarded this scholarship from 150+ colleges across India.

Eligibility: 

  • IDFC FIRST Bank Scholarship applicants must fulfill the following eligibility criteria:
  • The applicants must be Indian Nationals residing in India only.
  • Applicable for students enrolled in the first year of the 2-year MBA program of starting a batch of the current financial year.
  • Applicants should be enrolled in any of the MBA colleges mentioned in the list attached in the ‘Frequently Asked Questions’ section below.
  • The gross annual family income of the applicants from all sources should be less than or equal to INR 6 lakhs per annum.
  • Candidates should be 35 years of age or younger at the date of application.

Benefits:

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  • The selected MBA students will be awarded a scholarship sum of Rs 2,00,000 (Rs 1 lakh/year) over their 2 years MBA program.

Documents needed:

Below is the list of documents that need to be uploaded before the final submission of the application form:

Personal Information documents:

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

Admission-related documents:

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

Academic record documents:

  • Copy of Graduation marks sheet/passing certificate

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)

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

How can you apply?

  • Visit the official website of the IDFC FIRST Bank MBA Scholarship application form page.
  • Click on the ‘Start Application’ button to begin the application process.
  • Fill in the required details in the online scholarship application form.
  • Upload the required documents.
  • If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.

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