IDFC FIRST Bank MBA Scholarship 2021 - Selection Procedure, Eligibility, and Benefits

Last Modified: 25 May 2024

IDFC FIRST bank offers IDFC FIRST Bank MBA Scholarship under its Corporate Social Responsibility. The programme was initiated in 2016 with the aim of providing financial support to students who have secured admission to full-time MBA programmes and whose family income is less than 6 lakh per annum. It is a need-based scholarship wherein meritorious students are provided financial support for completing their post-graduation in Business Studies and make a bright career. Till now, more than 700 students from diverse backgrounds have benefited from the scholarship. Selected candidates will get ₹ 2,00,000 for two years. Here are the complete details for IDFC FIRST Bank MBA Scholarship 2021.

Latest Update - IDFC FIRST bank MBA scholarship application process is active on the official website. The last date for application submission is 2nd September 2021.

IDFC FIRST Bank MBA Scholarship 2021 - Overview

Scholarship Name

IDFC FIRST Bank MBA Scholarship Program

Scholarship Provider


Official Link

Scholarship Type

Need-Based Scholarship

Number of Scholarships

350 across 119 colleges

Helpline Number

011-430-92248 (Ext -124) - Monday to Friday (10AM to 6 PM)

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IDFC FIRST Bank Scholarship 2021 - Important Dates

Scholarship Event

Important Dates

Registration opens

3rd August 2021

Registration ends

2nd September 2021


September 2021 (Tentative)

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IDFC FIRST Bank MBA Scholarship: Quick Overview

Deadline 02 Sep 2021
Class / Course MBA
Scholarship Type Need Based Scholarship
Awarded Amount 2,00,000
Age Limit N/A
Gender All
Religion All
State All
Country India
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IDFC FIRST Bank MBA Scholarship 2021 - Eligibility Criteria

Applicants must meet the following eligibility criteria:

  • Only Indian nationals residing in India can apply for the scholarship.
  • The upper age limit for the scholarship is 35 years.
  • Students must be enrolled in the first year of a two-year MBA program of the 2021-23 batch in the participating colleges.
  • Gross annual family income (from all sources) must be less than or equal to ₹ 6 lakh per annum.

NOTE: Those pursuing 1-year executive MBA, integrated MBA or any other MBA program are not eligible for the scholarship.

List of Participating Colleges

Benefits under the IDFC FIRST Bank MBA Scholarship

Selected students will receive a sum of ₹ 2,00,000 (₹ 1 lakh per annum) over a duration of 2 years of the programme.

IDFC FIRST Bank Scholarship 2021 - Application Process

Applications for the IDFC FIRST Bank MBA Scholarship 2021 will be accepted only through the official website. There is no other mode of application submission. As per the concerned authority, NO APPLICATION FEE is charged for the scholarship.

  • Visit the official link for the scholarship at
  • Click on the ‘Apply Now’ button. You can read the scholarship details before proceeding.
  • Click on the ‘Apply Now’ button again on the redirected page.
  • Click on the ‘Register’ button for new registration.
  • Enter your name, mobile number, email ID, and password for successful registration.
  • After registration, log in using your ID, and the scholarship application page will appear.
  • Click on the ‘Start Application’ button and start filling in the required details in the application form.
  • Upload the required documents.
  • Check all the details carefully and ‘Submit’ the completed application form.

Documents to be Uploaded

Following documents are to be uploaded while filling the application form:

  • Candidate’s photograph
  • Candidate’s ID Card (Aadhar Card/ Driving License/ Voter ID Card)
  • Admission Letter
  • Copy of Fee Receipt
  • Copy of graduation passing certificate/ mark sheet
  • Copy of parents’ salary slip or Income Tax Returns (Form 16A) or income certificate issued by a relevant government authority
  • Disability certificate (if applicable)
  • Loan sanction letter (if applicable)
  • Death certificate of sole earner of the family (if applicable)
  • Documents of any other scholarship received for the MBA programme (if applicable)

IDFC FIRST Bank MBA Scholarship 2021 - Selection Process

The final acceptance of the applications will be based on internal diligence and checks by the IDFC FIRST Bank Selection Panel. The selected candidates will be intimated by the bank via email message.

  • Scholarships will be awarded only after the document verification process.
  • The scholarship amount will cover the tuition fee of the course. Thus, the scholarship amount will be transferred to the respective college’s account.

Frequently Asked Questions (FAQs)

Question 1: Are candidates enrolled in a PGDM programme eligible for the scholarship?

Yes. The programme must be full-time and of 1 years duration. Make sure you meet the other eligibility conditions.

Question 2: Can 2nd year MBA students apply for the scholarship?


Question 3: Are students pursuing MBA through Distance Learning Mode (DLM) eligible for the scholarship?


Question 4: What is the fee for the scholarship form?

There is no application fee.

Question 5: When will the result for the scholarship be declared?

The result will be declared tentatively in September 2021.