IDFC FIRST Bank MBA Scholarship is a need-based scholarship program by IDFC FIRST Bank that financially supports students with family incomes of less than INR 6 lakh per annum. The purpose of this scholarship is to make postgraduate studies in business management accessible to meritorious students who are unable to pursue higher studies due to financial constraints.
Under this scholarship, students enrolled in the first year of a two-year full-time MBA course in the academic session 2024-26 will receive INR 2 lakh for two years of their MBA program (INR 1 lakh/year).
IDFC FIRST Bank was founded in December 2018 after the merger of IDFC Bank and Capital FIRST. The bank provides a range of financial solutions to individuals, small businesses, and corporates. It has a nationwide presence and operates in retail, wholesale, and other banking segments. The scholarship program forms part of its CSR initiative for the years 2024-26
IDFC FIRST BANK MBA SCHOLARSHIP 2024-26
Eligibility31-Jul-2024
- Open to Indian nationals residing in India only.
- Students must be enrolled in the first year of a 2-year full-time MBA program or its equivalent for the class of 2024.
- Applicants must be enrolled in one of the MBA colleges listed in the attached document.
- The gross annual family income from all sources should be less than or equal to INR 6 lakh.
- Applicants must have a valid mobile number linked to their Aadhaar number
Benefits
The selected MBA students will be awarded a scholarship sum of INR 2,00,000 for two years of full-time MBA studies (INR 1 lakh per annum, subject to terms and conditions*).
Documents
Below is the list of documents that need to be uploaded before the final submission of the application form:
Admission Related Documents
- Admission proof (including the name of the institution, admission year, and batch)
- Copy of fee receipt
Academic Record Documents
- Copy of graduation marksheet/passing certificate
Income Proof (any one)
- Income certificate issued by a relevant government authority (Tehsildar or Magistrate)
- Copy of Income Tax Returns (Form 16A)
- Copy of salary slip
Other Documents (if applicable)
- Disability certificate
- Sanctioned loan letter
- Death certificate, if there is a death of the sole earning member of the immediate family
- Documents of any other scholarships received for pursuing an MBA
How can you apply?
- Click on the ‘Apply Now’ button below.
- Login to Buddy4Study using a registered ID to land on the ‘Online Application Form Page’.
- If not registered on Buddy4Study, register at Buddy4Study with your email, mobile, Facebook, or Gmail account.
- You will now be redirected to the ‘IDFC FIRST Bank MBA Scholarship 2024-26’ official website.
- Read all the details carefully and click on the ‘Apply Now’ button.
- 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.
- Log in to the application portal and fill in all the required details in the online scholarship application form.
- Upload the necessary documents.
- Finally, submit the application form.
NOTE: To ensure an uninterrupted experience on the student portal, the applicants are advised to use Google Chrome. For any assistance, please refer to the help section.
Apply Now
Terms and Conditions
- Students admitted to the 1st year of a 2-year full-time MBA or equivalent program at selected institutions/colleges are eligible for this scholarship.
- Students pursuing a 1-year executive program, integrated MBA program, or any MBA program other than a 2-year full-time MBA/PGDM program are not eligible for this scholarship.
- The final grant of scholarships will occur only after the documents are verified and the shortlisted applicants are screened on the ground. Failure to comply with these stages or meet the requirements within the stipulated time frame will result in the candidature being rejected.
- Applicants need to provide the necessary details for on-ground verification to the bank representatives as mentioned in the form.
- The scholarship amount is meant to cover tuition fees and will be disbursed directly to the account of the institution/college of admission. Final disbursement will take place after the student submits the fee receipt.
- IDFC FIRST Bank will make the final selection of awardees at its absolute and sole discretion. Submission of the application does not guarantee a scholarship grant.
- Awardees must attend all IDFC FIRST Bank events related to the IDFC FIRST Bank MBA Scholarship.
- Students must pass their first year and be promoted to the second year to remain eligible for the second year of the scholarship.
- Children of IDFC FIRST Bank employees are not eligible for the scholarship. If found, their candidature will be rejected at any stage of the scholarship process.
- If an applicant indicates interest in exploring the possibility of a student loan with the bank during the application submission stage, it will be deemed as authorization for the bank and/or its representatives or agents to communicate with them via email, call, or SMS regarding their application or other promotional activities.
Note: The IDFC FIRST Bank MBA Scholarship application process is hosted exclusively on its official website, the only channel through which one can apply for the scholarship. We do not charge any application fees at any stage of the process. If you have been asked to pay application fees, have been contacted by anyone other than IDFC FIRST Bank’s authorized representatives, or have encountered any suspicious activity, please report it to mbascholarship@idfcfirstbank.com.
