IDFC FIRST Bank MBA Scholarship

About IDFC FIRST Bank MBA Scholarship:

The IDFC FIRST Bank MBA Scholarship is a financial aid initiative designed for students with a family income of less than INR 6 lakh per annum. This need-based scholarship, offered by IDFC FIRST Bank, aims to provide support to deserving students who face financial barriers in pursuing post-graduate studies in business management.

As part of this scholarship program, students entering the first year of a two-year full-time MBA course during the academic session 2023-25 will receive INR 2 lakh for the entire duration of their MBA program (INR 1 lakh per year).

‍

Eligibility for Scholarship:

1. The scholarship is available for Indian Nationals residing in India.
2. Eligible candidates are those enrolled in the first year of a two-year full-time MBA program or its equivalent for the class of 2023.
3. Applicants must be enrolled in one of the MBA colleges listed in the attached document.
4. The gross annual family income of applicants from all sources should be INR 6 lakh or less.
5. Candidates should not exceed 35 years of age at the time of application.
6. Applicants must have a valid mobile number linked to their Aadhaar card.
   
   

IDFC FIRST Bank MBA Scholarship - Selection Criteria:

1. This scholarship is open to students admitted to the first year of a two-year full-time MBA program or its equivalent at selected institutions/colleges.
2. Students enrolled in a one-year executive program, integrated MBA program, or any MBA program other than a two-year full-time MBA/PGDM program are not eligible for this scholarship.
3. The final awarding of scholarships will occur only after the thorough verification of documents and on-site screening of the shortlisted applicants. If the applicant fails to fulfill the requirements at any of these stages or is unable to adhere to the process within the specified timeframe, their candidacy will be rejected.

‍

Benefits of Scholarship:

MBA students who are selected will receive a scholarship amount of INR 2,00,000 for the entire two-year duration of their full-time MBA studies (INR 1 lakh per annum, subject to terms and conditions*).

Scholarship Amount:

Scholarship sum of INR 2,00,000 for two years of full-time MBA studies (INR 1 lakh per annum - subject to T&C*)

‍

Application Process for Scholarship:

1. Visit the official website of the 'IDFC FIRST Bank MBA Scholarship'.
2. Carefully review all the details and click on the 'Apply Now' button.
3. Verify your eligibility and ensure your Aadhaar card and mobile number are validated.
4. Upon successful verification, applicants will receive a welcome communication with the login URL, user ID, and password.
5. Log in to the application portal and complete all the necessary details in the online scholarship application form.
6. Upload the required documents.
7. Submit the completed application form.

‍

Documents Required for Scholarship:

The following is the list of documents that must be uploaded before the final submission of the application form:

Admission-related documents:

• Admission Proof (With the name of the institution, admission year, and batch)
• Copy of Fee Receipt

Academic record documents:

• Copy of Graduation mark sheet/passing certificate

Income Proof (any one):

• Income Certificate issued by the 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, in case of the death of the sole earning member of the immediate family
• Document of any other scholarships received for pursuing MBA

‍

Additional Information:

Important Note: The application process for the IDFC FIRST Bank MBA Scholarship is exclusively hosted on its official website, serving as the sole platform for applying for the scholarship. We do not impose any application fees at any stage of the process. If you encounter requests for application fees or receive communication from individuals other than the authorized representatives of IDFC FIRST Bank, or if you notice any suspicious activity, please report it promptly to mbascholarship@idfcfirstbank.com.

Frequently Asked Questions:

I am unable to locate my college in the list of institutions eligible for the scholarship program.

Please note, this is the final list of eligible colleges and if your college is not mentioned in the list then you are not eligible to apply for the scholarship.

Is it permissible for MBA students from the 2022-23 or prior batches to apply for this scholarship?

No, eligibility for this scholarship is limited to students who are enrolled in the first year of their full-time MBA/PGDM program for the academic year 2023-2024.

Am I eligible for this scholarship if I pursue an MBA through distance education?

No, eligibility for this scholarship is restricted to full-time MBA students only.

Am I experiencing technical difficulties while trying to log in during my application process?

Navigate to the bottom of the pre-login landing page for the scholarship application, then select 'Email Us.' Fill out the user form and submit it, and the CSR team will contact you within three working days.

Is it possible for employees and/or children of IDFC FIRST Bank to apply for the scholarship?

No, individuals who are either employees of IDFC FIRST Bank or their children are not eligible to apply for this scholarship.