IDFC FIRST Bank MBA Scholarship 2025[Upto Rs 2 Lakh] The IDFC FIRST Bank MBA Scholarship 2025 is a need-based initiative aimed at supporting meritorious Indian students from economically disadvantaged backgrounds to pursue a two-year full-time MBA or equivalent program at recognized institutions across India. IDFC FIRST Bank MBA Scholarship is a need-based scholarship for students with family income of less than 6 lakhs per annum. The purpose of this scholarship is to make post graduate studies in business management accessible to meritorious students who are unable to pursue higher studies due to financial constraints.
Contents
- Eligibility Criteria for IDFC FIRST Bank MBA Scholarship 2025
- Benefits of IDFC FIRST Bank MBA Scholarship
- Documents required for IDFC FIRST Bank MBA Scholarship
- Last Date
- Application Process for IDFC FIRST Bank MBA Scholarship
- Selection Process for IDFC FIRST Bank MBA Scholarship
- Frequently Asked Questions
Eligibility Criteria for IDFC FIRST Bank MBA Scholarship 2025
To be eligible for IDFC FIRST Bank MBA Scholarship an applicant must meet the following requirements:
Students from PAN India level can apply for this scholarship
The annual family income of the applicant from all sources should be less than Rs 6 Lakhs per annum.
It is only Applicable for students enrolled in first year of the two-year MBA program.
The applicant must be enrolled in any of the MBA colleges mentioned in the scholarship website check the list.
The applicant should be no more than 35 years of age on the date of his/her application.
The applicant must have a valid mobile number linked to Aadhaar card.
Benefits of IDFC FIRST Bank MBA Scholarship
The selected students of MBA will recieve scholarship sum of Rs 2 Lakh for two years of full-time MBA studies (INR 1 lakh per annum, subject to terms and conditions*).
Important link:
- Top 100 Scholarships for the 12th class.
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- Top Scholarship for Engineering Students
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Documents required for IDFC FIRST Bank MBA Scholarship
There are a few necessary documents that the applicants must keep with them while filling the IDFC FIRST Bank MBA Scholarship Scholarship application form. The candidates must upload scanned copies of the following documents to complete their application process:
- Admission letter (with name of institution, admission year and batch)
- Copy of fee receipt
- Copy of Graduation Mark sheet or Passing certificate
- Annual Family Income Certificate
- Disability Certificate(if applicable)
- Sanctioned Loan LetterDeath Certificate, if there is a death of the sole earning member of the immediate family
- Document of any other scholarships received for pursuing MBA
- Aadhar Card as Identity Proof
- Recent Passport Sized Photograph
Last Date
30 June 2025
Application Process for IDFC FIRST Bank MBA Scholarship
- Click on “Apply Now” and register with your email and mobile number.
- Check your eligibility and get your Aadhaar card and mobile number verified.
- A welcome communication containing login URL, user ID, and password will be sent to the applicants.
- Fill out the online application form with academic, personal, and financial details.
- Upload scanned copies of the required documents.
- Submit the application and wait for confirmation.
Note: IDFC FIRST Bank does not charge any application fees at any stage of the process. If you are asked to pay, please report it to mbascholarship@idfcfirstbank.com.idfcfirstbank
Selection Process for IDFC FIRST Bank MBA Scholarship
- Application Screening: Evaluation of academic records, income documents, and eligibility criteria.
- Document Verification: Physical verification may be conducted by bank officials to assess the applicant’s eligibility and authenticity.
- Personal Interview: Shortlisted candidates may be called for an interview.
- Final Selection: At the discretion of IDFC FIRST Bank.
Note: Children of IDFC FIRST Bank employees are not eligible for this scholarship
Frequently Asked Questions
1. What is the IDFC FIRST Bank MBA Scholarship 2025?
A need-based scholarship offering financial assistance to deserving Indian students pursuing a two-year full-time MBA or equivalent program at selected institutions in India.
2. Who is eligible to apply for IDFC FIRST Bank MBA Scholarship?
Indian nationals residing in India, enrolled in the first year of a two-year full-time MBA or equivalent program, with a gross annual family income of ₹6 lakh or less.
3. What is the scholarship amount and duration of IDFC FIRST Bank MBA Scholarship?
₹2,00,000 over two years, disbursed as ₹1,00,000 per annum, covering tuition fees.
4. Which courses and institutions are covered?
Two-year full-time MBA or equivalent programs at selected institutions across India.
5. What documents are required for the application of IDFC First Bank MBA Scholarship?
Admission proof, fee receipt, graduation marksheet, income proof (e.g., income certificate, salary slip, Form 16A), Aadhaar card, and a valid mobile number linked to Aadhaar.
6. How can one apply for the IDFC First Bank MBA Scholarship?
You can apply online through the official IDFC FIRST Bank MBA Scholarship portal by filling out the application form and uploading the required documents.
7. Is there any application fee to apply for the scholarship?
No, there is no application fee for applying for the IDFC FIRST Bank MBA Scholarship.
8. What is the selection process for IDFC FIRST Bank MBA Scholarship?
Shortlisting based on eligibility criteria, followed by document verification and, if required, interviews.
9. When is the application deadline?
Applications typically open in February and close by August 1, 2025.
10. Can MBA students of previous batches apply for this scholarship?
No, only students who are enrolled in the first year of the full-time MBA / PGDM/ MMS program in the academic year 2025-2027 are eligible to apply for this scholarship.
11. Is it mandatory to have a mobile number linked to Aadhaar card to apply for the IDFC First Bank Mba Scholarship?
Yes, it is mandatory to have the applicant’s mobile number linked to their Aadhaar Card in order to apply for the scholarship.
12. Is this scholarship only open for Indian Nationals?
Yes, this scholarship is only open for Indian nationals studying in campuses within the territory of India.
13. I am pursuing my MBA through distance education/Part-time MBA. Am I eligible for this scholarship?
No, only students pursuing MBA full time are eligible for the scholarship.
14. I am enrolled in the batch of 2023-25 MBA Scholarship but did not clear my first year. Am I eligible to apply?
If you have been an IDFC FIRST Bank MBA scholar in previous year(s), have not cleared your first year of the program and are re-appearing for your first-year examination, then you are not eligible to re-apply for the scholarship.
15. How is the scholarship amount disbursed?
The scholarship amount is disbursed directly to the institution’s bank account to cover tuition fees. The second installment is released upon submission of a verified fee receipt for the second year.
16. What is the mode of application?
Online application through the official IDFC FIRST Bank MBA Scholarship portal.
17. What is the gross family income limit for eligibility?
The applicant’s gross annual family income should not exceed ₹6,00,000 from all sources.
18. Are children of IDFC FIRST Bank employees eligible for this scholarship?
No, children of IDFC FIRST Bank employees are not eligible for this scholarship.
19. What should I do if I have been asked to pay application fees or have been contacted by someone other than IDFC FIRST Bank’s representatives?
If you have been asked to pay application fees or have been contacted by anyone other than the IDFC FIRST Bank’s representatives or have come across any suspicious activity, please report to mbascholarship@idfcfirstbank.com. idfcfirstbank
20. Where can I find the list of eligible colleges for the scholarship?
The final list of the eligible colleges is mentioned on the official IDFC FIRST Bank website and is not subject to any further changes. If your college name is not listed on the site, then unfortunately, you are not eligible for the IDFC FIRST Bank MBA Scholarship.
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