IDFC FIRST Bank MBA Scholarship 2024: Apply & Full Details

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

IDFC First Bank MBA Scholarship launched by IDFC First Bank. Scholarship for students who want to pursue their higher education in MBA courses. This scholarship is for students whose financial condition is not good and who want to pursue higher education. This scholarship will support them to make their future brighter without any worry of funds.

Today in this article we will provide all the important information about  IDFC First Bank MBA Scholarship such as the objective, timeline, highlights, Eligibility criteria, important documents, and contact details. Apart from this will also tell you the procedure to apply online under this scholarship.  If you want to grab all this important information then have to read our article till the end.

IDFC First Bank MBA Scholarship

IDFC First bank has launched the IDFC First Bank MBA Scholarship for underprivileged students who want to pursue higher education but due to their poor condition, they cannot do so. On the basis of this, the bank has launched a scholarship to support these types of students. This scholarship will help them to build a better future. 

This scholarship is providing an amazing opportunity for meritorious students. From this scholarship, students can pursue higher education. Those students who want to postgraduate in business studies can apply for this scholarship. There are many scholarships within this scholarship. 

IDFC FIRST Bank MBA Scholarship 2023: Apply & Full Details

Highlights of IDFC First Bank MBA Scholarship 2024

The highlights of this scholarship are given below:-

Name of the scholarship IDFC First Bank MBA Scholarship
Launched byIDFC First Bank 
Objective To provide financial assistance to financially backward students
BenefitStudents will be able to pursue higher education
Applicable toCitizens of India
Annual income6 lakh per annum
Age limitNot more than 35 years
No. of scholarships350
Mode of PaymentDBT (Direct Benefit Transfer)
Payment MechanismE -payment mechanism
Form of benefitScholarship amount
Amount of scholarship2 lakh per annum
Mode of applicationOnline

Objectives of IDFC First Bank MBA Scholarship 2024

 The main objective of the IDFC First Bank MBA Scholarship is to provide financial assistance to those students who are not able to pursue their education due to financial crises. Through this scholarship selected students will get an amount to carry forward their education. The amount will be provided until the course is completed.

Another objective of this scholarship is to encourage students to complete their education. There are many students who are outstanding in academics but due to financial crises, they have to drop their education. Now this scholarship will support them in their education. This scholarship will build their future and the dropout rate will also decrease rapidly.

Beneficiary Category

The IDFC First Bank MBA Scholarship is open to students from various beneficiary categories. These categories include:-

  • Students belonging to economically weaker sections
  • Students from socially disadvantaged backgrounds
  • Students with disabilities
  • Students from rural areas

Applicants must fulfill the eligibility criteria specified for each beneficiary category to be considered for the scholarship.

Application Enrollment Last Dates

The enrollment for the IDFC First Bank MBA Scholarship opens on [insert date] and closes on [insert date]. It is important for applicants to submit their applications within this timeframe to be considered for the scholarship.

Selection Procedure

The selection procedure for the IDFC First Bank MBA Scholarship is a multi-stage process. It includes:-

  • Initial screening of applications based on eligibility criteria
  • Shortlisting of candidates based on academic merit
  • Personal interviews or written tests to assess the candidate’s aptitude and potential
  • Final selection of candidates based on overall performance

Applicants should prepare well for the selection process and showcase their abilities and achievements effectively.

Implementation Procedure

Once the scholarship recipients are selected, the implementation procedure begins. The selected candidates will be notified about the scholarship award and the further steps to be taken. The implementation procedure involves:-

  • Verification of documents and credentials
  • Disbursement of scholarship funds
  • Periodic monitoring of academic progress

The implementation procedure ensures that the scholarship is utilized effectively and the students receive the necessary support to pursue their MBA education.

Supervision Body

The IDFC First Bank MBA Scholarship program is supervised by a dedicated committee comprising experts and representatives from IDFC First Bank. This committee ensures the smooth functioning of the scholarship program and oversees the selection and implementation processes.

Financial Coverage and Renewal

One of the key benefits of the IDFC FIRST Bank MBA Scholarship is its generous financial coverage. In addition to covering tuition fees, the scholarship also provides support for study materials and living expenses. This comprehensive coverage ensures that you can fully focus on your studies without worrying about financial constraints. What’s more, the scholarship is renewable, allowing you to continue receiving financial support for the duration of your MBA program.

Flexible Usage and Supportive Network

Unlike some scholarships that restrict the use of funds, the IDFC FIRST Bank MBA Scholarship offers flexible usage. Whether you need support for tuition fees, study materials, or living expenses, this scholarship has you covered. Additionally, the scholarship provides access to a supportive network of mentors and professionals who can offer guidance and advice throughout your MBA journey. This network can be invaluable in helping you navigate the challenges of pursuing an advanced degree.

Recognition and Awards

The IDFC FIRST Bank MBA Scholarship is more than just financial aid – it is also a symbol of recognition and academic excellence. By receiving this scholarship, you join a prestigious group of scholars who are recognized for their talent and dedication. What’s more, the scholarship includes awards and incentives for outstanding academic performance, motivating you to strive for excellence in your MBA studies.

Easy Application Process

Applying for the IDFC FIRST Bank MBA Scholarship is quick and easy. Simply visit the official website, fill out the online application form, and submit the required documents. The selection process is transparent and merit-based, ensuring that only the most deserving candidates receive the scholarship. With a user-friendly application portal and dedicated support team, the application process is hassle-free and straightforward.

Key Guidelines

Here are some key guidelines that applicants should keep in mind while applying for the IDFC First Bank MBA Scholarship:-

  • Read and understand the eligibility criteria thoroughly
  • Ensure all required documents are submitted in the prescribed format
  • Provide accurate and up-to-date information in the application
  • Highlight academic achievements, extracurricular activities, and leadership qualities
  • Write a compelling statement of purpose explaining career goals and aspirations
  • Prepare well for interviews or written tests
  • Follow the instructions provided during the application process
  • Keep track of important dates and deadlines
  • Seek guidance from mentors or counselors, if required
  • Stay positive and confident throughout the application process

Important Instructions

Applicants should take note of the following important instructions while applying for the IDFC First Bank MBA Scholarship:-

  • Submit only one application per candidate
  • Provide correct contact details for effective communication
  • Keep copies of all submitted documents for future reference
  • Ensure the application is complete and all sections are filled accurately
  • Check the scholarship website regularly for updates and notifications
  • Do not engage in any form of plagiarism or misrepresentation
  • Respect the decision of the scholarship committee
  • Maintain professionalism and integrity throughout the application process
  • Seek clarification from the scholarship authorities for any doubts or queries
  • Submit the application well before the deadline to avoid any last-minute issues

Tips and Tricks

Here are some tips and tricks to enhance your chances of securing the IDFC First Bank MBA Scholarship:-

  • Start the application process early to have ample time for preparation
  • Research and understand the values and objectives of IDFC First Bank
  • Tailor your application to align with the scholarship requirements
  • Highlight unique experiences and perspectives that set you apart
  • Showcase your passion for business and leadership potential
  • Seek feedback from mentors or teachers on your application
  • Practice mock interviews or written tests to improve your performance
  • Stay updated with current affairs and industry trends
  • Network with professionals in the field of business management
  • Stay motivated and believe in your abilities

General Points to Remember

Here are some general points to remember throughout the IDFC First Bank MBA Scholarship application process:-

  • Be authentic and genuine in your application
  • Focus on presenting your strengths and achievements
  • Pay attention to detail and avoid grammatical errors
  • Stay organized and keep track of all necessary documents
  • Prepare well and be confident during interviews or tests
  • Be grateful for the opportunity and express your gratitude
  • Learn from the experience, regardless of the outcome
  • Continue to pursue your goals and aspirations
  • Explore other scholarship opportunities as well
  • Never give up on your dreams

List Of Colleges

The list of this scholarship are given below:-

AIMTC Jalandhar – Apeejay Institute of Management Technical Campus – JalandharAlkesh Dinesh Mody Institute for Financial and Management Studies
Balaji Institute of Telecom and Management BVBIMS Kolkata – Bharatiya Vidya Bhavan institute of management BGU Bhubaneswar – Birla Global University – Bhubaneswar CBS Kolkata – Calcutta Business School – Kolkata
Chandigarh UniversityDBM Rajkot – Department of Business Management – Rajkot
DIT University Dehradun- Dehradun Institute of Technology Dehradun – DelhiFLAME University – Pune
GNIMS Mumbai – Guru Nanak Institute of Management Studies – MumbaiIES Mumbai – IES Management College and Research Centre – Mumbai
Jaipuria Institute of Management-JaipurKirloskar Institute of Advanced Management Studies-Pune

Timelines Of IDFC First Bank MBA Scholarship

The timelines of this scholarship are as follows:- 

Opening date15th June
Registration  15th June 

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. 

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. 

IDFC First Bank Statistics 

The statistics of this bank are as follows:- 

Branches 599
ATMs 727
Employees 25,000+ 
Outlets 201
BC Branches 236
IFBL Branches 384 

Benefits Of IDFC First Bank MBA Scholarship 2024

The benefit of this scholarship are given below:-

  •  This scholarship is launched by IDFC First Bank.
  • All the citizens of India can take advantage of this scholarship.
  • This scholarship is for MBA students.
  • The amount of 2 lakh will be provided to the students.
  • This scholarship will give 100% tuition fees.
  • Those students who are good at academics can take advantage of this scholarship.
  • Through this scholarship, students can build their future in a better way.
  • There are 350 scholarships within this scholarship.
  • 18 Institutions in India will be provided with this scholarship.
  • To avail  IDFC First Bank MBA Scholarship, students have to apply before 15 June.

Features Of IDFC First Bank MBA Scholarship 2024

The features of this scholarship are given below:-

  •  This scholarship is launched by the IDFC bank.
  •  Students who are willing to do an MBA can apply for the scholarship.
  • An amount of 2 lakh will be provided to the student.
  • There are many colleges within this scholarship.
  • This scholarship will allow underprivileged students to carry forward their education.
  • Students must be citizens of India.
  • The annual income of the family should be less than 6 lakh.
  •  The age limit of the student should be under 35 years.
  • Students must be good in their academics to avail of this scholarship.
  •  IDFC First Bank MBA Scholarship is an amazing opportunity for students.

Eligibility Criteria For IDFC First Bank MBA Scholarship 

The applicant must be under the given eligibility criteria to avail of this scholarship:- 

  • Students must be citizens of India.
  • The family income of the students should be less than 6 lacs per annum.
  • Students must be enrolled in the first year of the 2 year MBA program.
  • The age of the student should be under 35 years.

Important Documents

Some of the important documents required for this scholarship are given below:-

  • Identity proof
  •  Photograph
  •  Admission through
  •  Academic records
  •  Income proof

Procedure To Apply Online Under IDFC First Bank MBA Scholarship 

This scholarship is just newly launched for this reason not much information has been given about it on social networks. If any information will come about it, we will tell you about the IDFC First Bank MBA Scholarship. We will update you through our article. You can visit the Official Website of the scholarship.

Process To Apply Online Under IDFC FIRST Bank MBA Scholarship

Contact Details

  If you have any queries regarding the IDFC First Bank MBA Scholarship then you can contact us on the below-given detail:-

  • Office Address:-
    • IDFC FIRST Bank Ltd
    • KRM Tower
    • 7th floor 
    • Harrington Road
    • Chetpet
    • Chennai – 600031
    • Tamil Nadu
    • India 
  • Contact Number :- 1800 10 888 

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