The IDFC FIRST Bank MBA Scholarship was made for students who are smart but can’t study MBA because money is less at home and their family income is under Rs. 6 lakh per year. A total of Rs. 2 lakh will be given for two years, and 1 lakh will be given each year if the student is doing a full-time MBA. This help is given to 700 students who are selected from all over India, and their forms must be filled out before 30 June 2025, or it will be too late. Many dreams can be helped by this, and their future can be changed if the scholarship is received.
About IDFC FIRST Bank MBA Scholarship
The IDFC FIRST Bank MBA Scholarship is given to students whose family income is less than Rs. 6 lakhs per year, and it is made to help those who want to do an MBA but can’t because money is not enough. This scholarship is given to support their dreams by providing Rs. 2,00,000 for two years, meaning Rs. 1 lakh is given every year for full-time MBA studies. About 700 scholarships are given every year, and students are selected after their applications are received before the last date. Many students are helped by this scholarship, and their future is changed because financial problems are removed. The scholarship is designed to make higher studies possible for meritorious students who lack money.
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Objective of IDFC FIRST Bank MBA Scholarship
The main objective of the IDFC FIRST Bank MBA Scholarship is to help students who are smart but can’t study MBA because their family income is less than Rs. 6 lakh per year, and this scholarship is given so that their dreams are supported and education is not stopped due to money problems. Many students are helped by this scholarship, and their future is made better by giving money so studies can study without any worry.
Key Highlights of IDFC FIRST Bank MBA Scholarship
| Name of the Scholarship | IDFC FIRST Bank MBA Scholarship |
| Launched by | IDFC FIRST Bank |
| Objective | To help students with limited money |
| Scholarship Type | Need-based |
| Eligible Course | Full-time MBA or equivalent |
| Family Income Limit | Less than or equal to Rs. 6 Lakh |
| Number of Scholarships | 700 |
| Scholarship Amount | Total amount of Rs. 2,00,000 |
| Scholarship Amount Period | Given for 2 years |
| Application Deadline | 30th June 2025 |
| Age Limit | Below 35 years |
| Required Documents | Aadhaar-linked mobile, income |
| Application Mode | Online only |
| Selection Process | Screening, verification, and interview |
| Official Website | IDFC First Bank Website |
Eligibility Criteria
The eligibility criteria for this scholarship are as given below:
- It is only for Indian students who are living in India at present.
- The total income of the whole family in one year should be less than or equal to Rs. 6 lakhs.
- The student should be studying in the first year of a 2-year MBA course or something equivalent.
- The college where the student is studying must be from an eligible college.
- The age of the student must not be more than 35 years on the date when the application is made.
- A mobile number that is connected with the Aadhaar card should be with the student.
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Financial Benefits
- A total amount of Rs. 2,00,000 is given for two years, with Rs. 1,00,000 given each year for full-time MBA studies.
- Money is given for two years to help students pay their fees and other study costs.
- The amount is divided and given every year to make it easy for students to manage.
- Only students doing full-time MBA courses in selected colleges get this financial help.
- This scholarship helps students who can’t pay for studies because of their family’s low income.
Important Dates
- The last date to submit the application form is 30th June 2025, and after that, no forms will be accepted.
Required Documents
The following documents are required to apply for the scholarship:
- Birth Certificate
- Mobile Number linked to Aadhaar Card
- Email Address of the applicant
- Income Certificate or intimation u/s 143(1) of earning members
- Admission letter for the first year of a two-year full-time MBA (2025–27)
- Fee payment receipt or confirmation letter from the college
- Address proof if the current address is different from the Aadhaar
- The address must have a proper PIN CODE
Salient Features
The scholarship has various important features, which are as follows:
- The scholarship is given to students who want to do an MBA but cannot study because their family does not have enough money, and support is needed.
- The full-time MBA course must be joined in a selected college, only then is the student allowed to apply and get the benefit.
- Every year, many students are chosen from different parts of India, and their dreams are helped by this.
- The scholarship was made so that smart students are not stopped from studying just because ofa money problem at home.
Selection Process
The selection process for the scholarship program includes:
- First, the applications will be checked by IDFC FIRST Bank using marks and income papers to see if students fit the rules.
- After this, the papers of selected students will be verified by bank officials to make sure all documents are real.
- Sometimes, some students may be called for a personal interview where questions about studies, future plans, and why they want an MBA will be asked.
- In the end, the final decision will be made by the bank after looking at all details like marks, money problems, and other important things.
Note: These steps can change a little every year, so it is good to check the official rules again.
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IDFC FIRST Bank MBA Scholarship Apply Online 2025
To Apply Online for the IDFC FIRST Bank MBA Scholarship 2025, please follow these below mentioned steps below:
- Step 1: All the eligible candidates of the IDFC FIRST Bank MBA Scholarship, please visit the IDFC First Bank Website to apply online.
- Step 2: Once you reach the homepage of the official website, you have to scroll down the page to the bottom and click on the “CSR Activities” option under the “Important Links” section.
- Step 3: And then you will be directed to another page, and then you have to click on the “View Programme” button under the “MBA Scholarship” section.
- Step 4: Now, the details of the scholarship will appear on your screen. You can go through it, and to apply for it, you have to click on the “Apply now” button to proceed further.
- Step 5: You will be taken to another page, and you will be asked to sign in, but if you are new to this website, then you have to click on the “New user? Sign up here” option.
- Step 6: Now you have to select the scholarship program, and also you have to select the answer, where did you hear about this program, and click on the “Get Started’ button.
- Step 7: Then you have to fill in further details to get registered, such as you have to select College/Institute Name, Degree, Course Type, etc.
- Step 8: Once you get registered on the website, you should log in using your registered mobile number, and then click on the “Send OTP” button to open up the application form.
- Step 9: Once the application form appears on your screen, start to fill out the form carefully with the required details.
- Step 10: Attach the relevant documents along with the application form, as required in the form.
- Step 11: Before submitting the application form, carefully review it and verify that there are no mistakes in the form.
- Step 12: Once you have checked the application form carefully, click on the “Submit” button to complete the application process.
- Step 13: You will finally receive the successful confirmation and will receive the application number or acknowledgement receipt. Keep it safe with you for future use.
Helpline Number
- Customer Care Hotline: 1800 10 888
FAQs
How much scholarship amount is given and for how long?
The scholarship amount of Rs. 2,00,000 is given for two years, with Rs. 1,00,000 paid each year to help students cover their MBA fees and other expenses.
What is the last date to apply for the scholarship?
Applications must be submitted online before 30th June 2025. Late applications after this date will not be accepted, so it is important to apply on time.
Is there any age limit for applicants?
Yes, the applicant must be below 35 years of age at the time of applying for the scholarship, otherwise, the application will not be considered.
What documents are needed to apply for the scholarship?
Important documents include Aadhaar-linked mobile number, income certificate, admission letter for MBA, fee payment receipt, birth certificate, and address proof if needed.
Who can apply for the IDFC FIRST Bank MBA Scholarship?
Indian students enrolled in the first year of a full-time MBA program, whose family income is less than or equal to Rs. 6 lakhs per year, can apply for this scholarship.