IDFC FIRST Bank MBA Scholarship 2024: Apply Online & All Details

IDFC FIRST Bank MBA Scholarship Apply Online & Registration Form | Benefits & Features | IDFC FIRST Bank MBA Scholarship View Amount & Last Date | IDFC FIRST Bank MBA Scholarship Registration & Login Portal | View Online Status & All Details |

The IDFC FIRST Bank has launched the IDFC FIRST Bank MBA Scholarship for providing or awarding the scholarship amount to students who want to pursue Business Administration in their Post Graduation or Master’s Phase. For pursuing an MBA degree, the students will be given an amount of Rs. 2,00,000/- for 2 years. 

Today through this article we will provide you with all types of information about this scholarship like Purpose, Eligibility Criteria, Benefits, Features and important Documents etc. Apart from this, we will share with you the process of applying online under this scholarship. To get complete information about this scholarship initiative, read this article till the end.

IDFC FIRST Bank MBA Scholarship 2024

Those students who want to pursue or undertake MBA degrees with the help of financial help and support can apply online under the IDFC FIRST Bank MBA Scholarship so that they will be able to pay out their college fees till the completion of their studies. This scholarship will be provided by the authorities of IDFC First Bank. Scholarships will be provided to the students for 2 years. Students can also get admission to anyone out of empanelled colleges. 

For getting financial assistance for pursuing MBA degrees, the students can apply for this scholarship in return for getting the scholarship amount. There are around 350 students which will be able to get the scholarship amount across the state for getting admission to the MBA degree from the empanelled college or university. 

IDFC FIRST Bank MBA Scholarship: Apply Online & All Details

Highlights Of IDFC FIRST Bank MBA Scholarship Scheme 

The highlights of this scholarship are as follows: –

Name Of The ScholarshipIDFC FIRST Bank MBA Scholarship 
Launched By IDFC FIRST Bank 
Delegated StateTamilnadu
Allotted Portal IDFC FIRST Bank Portal 
Delegated Ministry Ministry of Electronics & Information Technology 
ObjectiveTo provide scholarships to students for pursuing MBA degrees 
Benefit Students will be able to pursue their college-based studies
Applicable To Citizens of India 
Beneficiaries Students undertaking MBA courses 
Age Limit35 Years
Mode Of TransferDBT (Direct Benefit Transfer)
Payment Mechanisme-payment mechanism
Form of BenefitScholarship amount 
Scholarship TransferralMonthly Basis 
Amount of benefitRs. 2,00,000/- 
Scholarship Tenure 2 Years ( 24 Months) 
No. of beneficiaries 350 
Last Date To Apply Online Will be updated soon
Hosting SiteNational Information Center (NIC)
Mode Of ApplicationOnline 
Youtube ChannelIDFC First Bank
Office AddressIDFC FIRST Bank Ltd 
KRM Tower, 7th Floor, No.1, 
Harrington Road, 
Chetpet, 
Chennai – 600031,
Tamil Nadu,
India
Official Website www.idfcfirstbank.com

Objectives Of IDFC FIRST Bank MBA Scholarship 

The main or major objective of launching the IDFC FIRST Bank MBA Scholarship is to help the students belonging to the financially backward communities so that they will be able to pursue or carry out MBA degree without suffering from financial instabilities. The students will be able to get admission to the full-time MBA degree course after getting the scholarship amounts.

Another objective of launching the IDFC FIRST Bank MBA Scholarship is to provide a scholarship amount of Rs. 2,00,000/- to the students wanting to undertake MBA full time degree. This scholarship will be provided to the students for getting admission to that college or university which has been empanelled. There are various colleges empanelled.

IDFC FIRST Bank MBA Scholarship Timelines 

The timelines of this scholarship are as follows:- 

Event Date 
Fresh Opening of Registration Forms Will be updated soon
Last Date of Online Form Submission Will be updated soon

List of Delegated Banks

The lists of delegated banks are as follows:-

  • Erstwhile IDFC Bank LTD
  • Erstwhile Capital First LTD

IDFC FIRST Bank MBA Scholarship Statistics

The statisics of this scholarship are as follows:-

No. Of Beneficiaries Awarded Scholarships979
Colleges Across India 152

Implementation Procedure

The implementation procedure for this are as follows:-

  • Application: Interested candidates need to submit their scholarship application through the official website of IDFC FIRST Bank. The application form will require personal details, academic information, and an essay or statement of purpose.
  • Evaluation: The scholarship committee will review all the applications received and evaluate them based on various criteria such as academic performance, leadership potential, extracurricular activities, and the quality of the essay or statement of purpose.
  • Shortlisting: After the initial evaluation, a shortlist of candidates will be created based on the selection criteria. These shortlisted candidates will move to the next stage of the selection process.
  • Interview: Shortlisted candidates will be invited for a personal interview. The interview may be conducted in person, via video conferencing, or through any other suitable medium. The purpose of the interview is to assess the candidate’s communication skills, problem-solving abilities, and overall suitability for the scholarship.
  • Final Selection: Based on the application, evaluation, and interview, the scholarship committee will make the final selection of candidates who will be awarded the IDFC FIRST Bank MBA Scholarship. The selected candidates will be notified through email or other appropriate means.
  • Disbursement: The scholarship amount will be disbursed directly to the educational institution where the student is enrolled for their MBA program. The bank will coordinate with the institution to ensure a smooth disbursement process.

IDFC FIRST Bank MBA Scholarship Selection Procedure

The selection procedure for this scholarship is designed to identify and support deserving candidates with exceptional potential. The key steps involved in the selection process are as follows:-

  • Academic Performance: The scholarship committee considers the candidate’s academic performance as an important criterion. Good grades in previous academic qualifications, especially in relevant subjects, can significantly enhance the chances of selection.
  • Leadership Potential: IDFC FIRST Bank values candidates who demonstrate leadership potential. Involvement in extracurricular activities, community service, or any other form of leadership experience can positively influence the selection process.
  • Essay or Statement of Purpose: The quality and clarity of the candidate’s essay or statement of purpose play a crucial role in the selection process. It is an opportunity for the candidate to showcase their motivation, career aspirations, and how the scholarship will contribute to their goals.
  • Personal Interview: The personal interview provides an opportunity for the scholarship committee to assess the candidate’s interpersonal skills, communication abilities, problem-solving capabilities, and overall suitability for the scholarship.
  • Diversity and Inclusion: IDFC FIRST Bank promotes diversity and inclusion. The selection process aims to ensure representation from various backgrounds, cultures, and regions, providing equal opportunities to all deserving candidates.

Amount Of Benefit 

This scholarship amount will only be provided to the students who are pursuing MBA courses from the colleges or universities which have been empanelled for providing admissions for the Business based courses to the students. An amount of Rs. 2 lakhs in the form of scholarships will be provided to the students for the next 2 years. 

IDFC FIRST Bank MBA Scholarship Tenure 

The only eligibility criteria for the student is to make sure that he or she must be pursuing a Business Administration course in the Master’s degree. Students will be able to get the scholarship amount as per the duration marked or fixed by the government. The scholarship tenure will be 2 years consisting of 24 months. 

Annual Income Limit

The source of earning of the student/beneficiary’s family will also be taken into consideration whenever the student will be shortlisted for getting the scholarship amounts. The annual income of the student’s family must not exceed Rs. 6,00,000/-. Only those students will be shortlisted whose annual income value equals to this amount.

Maximum Age Limit

The age of the student must or should not exceed the that age limit that has been specified or aforesaid by the selection body for the selection of an eligible beneficiary. The student age must be 35 years or in other words the maximum age limit of the student will be 35 years of age.

Beneficiary Limitation

The Government has also set up some limitations on the selection of eligible beneficiaries who will be considered eligible for securing their registration seat under this scholarship. A target of covering around 350 students who are pursuing MBA degrees has been set up or fixed by the government as per the issued guidelines. 

Eligible Colleges

The lists of eligible colleges are as follows:-

AIMTC Jalandhar – Apeejay Institute of Management Technical Campus – JalandharAlkesh Dinesh Mody Institute for Financial and Management StudiesAlliance University-BangaloreAmritha School Of Business
Army Institute of Management-KolkataBalaji Institute of Telecom and ManagementBGU Bhubaneswar – Birla Global University – BhubaneswarBIMTECH-Noida
BKSBM Ahmedabad – BK School of Business Management – AhmedabadBVBIMS Kolkata – Bharatiya Vidya Bhavan Institute of Management Science – KolkataBVIMED Pune – Bharati Vidyapeeth Institute Of Management and Entrepreneurship Development – PuneBVIMSR Mumbai – Bharati Vidyapeeths Institute of Management Studies and Research – Mumbai
CBS Kolkata – Calcutta Business School – KolkataChandigarh UniversityChrist University BangaloreDBM Rajkot – Department of Business Management – Rajkot
DBS Dehradun – Doon Business School – DehradunDelhi School of EconomicsDIT University Dehradun- Dehradun Institute of Technology Dehradun – DelhiDSIMS Mumbai – Durgadevi Saraf Institute of Management Studies – Mumbai
DYBS Pune – DR. D. Y. PATIL B-SCHOOL – PuneFLAME University – PuneFMS-DelhiGBS Kolkata – Globsyn Business School – Kolkata
GITAM University (GU) – HyderabadGLIM Gurgaon- Great Lakes Institute of Management, GurgaonGNIMS Mumbai – Guru Nanak Institute of Management Studies – MumbaiGraphic Era Deemed University – Dehradun
IBA Bangalore – Indus Business Academy – BangaloreIBS DehradunIBS- GurgaonIBS- Jaipur
IBS Kolkata – ICFAI Business School – KolkataIBS Pune – IBS Business School – PuneIBS-BangaloreIBS-Hyderabad
IBS-MumbaiIES Mumbai – IES Management College and Research Centre – MumbaiIFIM Institutions Bangalore-Pool CampusIFIMBS Bangalore – Institute of Finance and International Management Business School
IFIMBS Bangalore – Institute of Finance and International Management Business School – BangaloreIFMR ChennaiIGIDR MumbaiIIBM Pune – Indira Institute of Business Management – Pune
IIEBM Pune – Indian Institute of Education and Business Management – PuneIIFM BhopalIIM- BangaloreIIM Calcutta
IIM LucknowIIM ShillongIIM-AhmedabadIIM-Indore
IIM-KozhikodeIIT BombayIIT KharagpurIIT Roorkee – Indian Institute of Technology – Roorkee
IMI BhubaneshwarIMI Kolkata – International Management Institute – KolkataIMT Ghaziabad – Institute of Management Technology, GhaziabadIMT Hyderabad
Indian Institute of Social Welfare and Business Management (IISWBM)Institute of Management Technology (IMT) – NagpurIPE Hyderabad – Institute of Public Enterprise – HyderabadIRMA Anand
ISBM Pune – International School of Business and Media – PuneISMR Pune – International School of Management and Research – PuneITMBS Mumbai – ITM Business School – MumbaiITMBS Warangal – ITM Business School – Warangal
ITS Ghaziabad – Institute of Technology and Science – GhaziabadIU Ahmedabad – Indus University – AhmedabadJaipuria Institute Of Management LucknowJaipuria Institute of Management(JIMI)-Indore
Jaipuria Institute of Management-JaipurJaipuria Institute of Management-NoidaJBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies – MumbaiKIITSM Bhubaneswar – KIIT School of Management
KIITSM Bhubaneswar – KIIT School of Management – BhubaneswarKirloskar Institute of Advanced Management Studies-PuneKJ SIMSR Mumbai- K. J. Somaiya Institute of Management Studies and Research MumbaiLBSIM Delhi – Lal Bahadur Shastri Institute Of Management – Delhi
LLIM Mumbai – Lala Lajpatrai Institute of Management – MumbaiMDI GurgaonMDI Murshidabad – Management Development Institute – MurshidabadMEFGI Rajkot – Marwadi Education Foundation”s Group of Institutions – Rajkot
Mukesh Patel School of Technology Management and Engineering (MPSTME)Mumbai Educational Trust Institute Of Management (METIOM)-MumbaiNew Delhi Institute of ManagementNIAEM Hyderabad
NIBM Pune – National Institute of Bank Management – PuneNICM Gandhinagar – Shri Jairambhai Patel Institute of Business Management – GandhinagarNITIE Mumbai- National Institute of Industrial Engineering MumbaiNIT-Trichy
NLDIMSR Mumbai – N L Dalmia Institute of Management Studies and Research – MumbaiNMIMS Bangalore – Narsee Monjee Institute of Management Studies, BangaloreNMIMS MumbaiNMIMS-Indore
NMIMS-Navi MumbaiNRIBM Ahmedabad – N R Institute Of Business Management – AhmedabadNU Ahemadabad – Nirma University, AhmedabadNUL Hyderabad – Nalsar University of Law – Hyderabad
PCTE Punjab – PCTE Group Of Institutes – PunjabPIBM Pune – Pune Institute of Business Management – PunePraxis Business School – BangalorePUMBA Pune- Department of Management Sciences (PUMBA) Pune
R V Institute of Management-BangaloreRMI Mumbai – Rizvi Management Institutes – MumbaiSBS Ahmedabad – Shanti Business School – AhmedabadSCMHRD Pune- Symbiosis Centre for Management and Human Resource Development Pune
Shailesh J Mehta-IIT BombaySIBM – BangaloreSies – College Of Management Studies-MumbaiSIIB Pune
SP Jain- MumbaiSPMPD Gandhinagar – School of Petroleum Management Pandit Deendayal Petroleum University – GandhinagarSSBF Pune – Symbiosis School of Banking and Finance – PuneSSKIPS Ahmedabad – Sant Kabir Institute of Professional Studies – Ahmedabad
Sydenham Institute of Management Studies Research and Entrepreneurship EducationSymbiosis Institute of Business Management-HyderabadThakur Institute Of Management Studies Research-MumbaiTIET Patiala – Thapar Institute of Engineering and Technology – Patiala
UBS Raigad – Universal Business School – RaigadUWBS KolkataVAMNICOM Pune – Vaikunth Mehta National Institute of Co-operative Management – PuneVESIM Mumbai – Vivekanand Education Society Institute of Management Studies and Research -Mumbai
VESIM-MumbaiVGSOM KharagpurVIT Mumbai – Vidyalankar Institute of Technology- MumbaiWE School Mumbai- Welingkar Institute of Management Development and Research Mumbai
WSB Hyderabad – Woxsen School of Business – HyderabadXIME BangaloreXIMR Mumbai – Xavier Institute of Management Research – MumbaiXISS Ranchi
XSRM Bhubaneswar  

Benefits Of IDFC FIRST Bank MBA Scholarship 2024 

The benefits of this scholarship are as follows:- 

  • The students will not have to suffer from financial instabilities after getting the online registration under the  IDFC FIRST Bank MBA Scholarship. 
  • Students will be able to get the scholarship amount for the next 2 years. 
  • Scholars will get admission to anyone out of the empanelled colleges or universities. 
  • Students will be offered an amount of Rs. 2,00,000/- for getting paid out their college fees. 
  • There are around 350 students who will be able to get the scholarship amount. 
  • IDFC First Bank has opened around 599 branches across the country. 
  • Financial status of the student will get improved.
  • One can apply online under the IDFC FIRST Bank MBA Scholarship before the last date to get timely registration.
  • No one will be left out to get this scholarship amount. 
  • Students will be able to build their careers in the Business field. 

Features Of IDFC FIRST Bank MBA Scholarship 2024 

The features of this scholarship are as follows:- 

  • The IDFC First Bank has launched the IDFC FIRST Bank MBA Scholarship.
  • This will provide a portal for the students for building their careers in the business field.
  • This scholarship will be provided to students who are undertaking MBA courses. 
  • A scholarship amount of Rs. 2 Lakhs will be provided to the students for pursuing MBA courses. 
  • The tenure of this scholarship amount will be 2 years. 
  • A target of covering around 350 students across the state has been fixed by the government. 
  • For providing ease in the process of getting admissions, the government has empanelled many colleges or universities under this scholarship. 
  • Students will be offered the choice of getting admission to any one college empanelled. 
  • The last date to apply online under this scholarship will be updated soon. 
  • For getting more information, one can visit the official website. 

IDFC FIRST Bank MBA Scholarship Eligibility Criteria 

The applicants will need to follow the mentioned below eligibility criteria for getting online registration under this scholarship: –

  • The student must be an Indian Citizen. 
  • The student must be pursuing an MBA course. 
  • The student must have got admission to the university or college which have been empanelled or considered eligible.
  • The annual income of the student must be equal to Rs. 6 Lakhs. 
  • The age limit of the student must be 35 Years. 

Important Documents 

Some of the important documents to apply online under this scholarship are as follows:- 

  • Aadhar Card
  • DOB certificate 
  • Annual Income Certificate
  • Latest Passport Size Photograph 
  • Marksheets 
  • Bank accounts details 
  • Educational Certificates 
  • Active Mobile number for receiving OTPs 
  • Working Email Id  for future reference 
  • Latest Passport Size Photograph

Process To Apply Online Under IDFC FIRST Bank MBA Scholarship 2024 

As this scholarship has been recently launched, no such information has been received by using social networking resources. As soon as any information related to the application procedure required to apply online under the IDFC FIRST Bank MBA Scholarship will be launched, we will update you through this article otherwise the applicant can visit the Official Website.

Process To Apply Online Under IDFC FIRST Bank MBA Scholarship 

Contact Information 

In case any queries and questions come to your mind regarding the IDFC FIRST Bank MBA Scholarship, then you may contact this mentioned office address:- 

  • Office Address
    • IDFC FIRST Bank Ltd 
    • KRM Tower, 
    • 7th Floor, No.1, 
    • Harrington Road, 
    • Chetpet, 
    • Chennai – 600031,
    • Tamil Nadu,
    • India

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