IDFC FIRST Bank MBA Scholarship 2024: Eligibility, Award, Apply Now.

IDFC FIRST Bank MBA 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 MBA Scholarship 2024 Overview

Name of the ScholarshipIDFC FIRST Bank MBA Scholarship 2023-25
Provider Detail IDFC FIRST Bank
Scholarship TypeMeans-based
EligibilityFirst-year MBA students in India
Scholarship AmountINR 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:

Apply Link – Click Here

Homepage – Click Here

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