IDFC FIRST Bank MBA Scholarship 2024-26 – Empowering Tomorrow’s Business Leaders

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).

This article offers detailed information about the IDFC FIRST Bank MBA Scholarship 2024-26 regarding its application process, eligibility, documentation, and other needful information. Read further to have a detailed understanding of this scholarship and its application process.

IDFC FIRST Bank MBA Scholarship 2024-26 – An Overview

About IDFC FIRST Bank 

IDFC FIRST Bank was founded in December 2018 after the merger of IDFC Bank and Capital FIRST. The bank provides 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.

The table below summarizes the essential details about the scholarship program for quick reference.

Detailed Overview of IDFC FIRST Bank MBA Scholarship 2024-26

Particulars	Details
Name of the Scholarship	IDFC FIRST Bank MBA Scholarship 2024-26
Provider Name	IDFC FIRST Bank
Scholarship Type	Need-based
Eligibility	Indian students enrolled in the first year of a 2-year full-time MBA program for the class of 2024 at selected educational institutions may apply for this scholarship. Applicants’ gross annual family income should be less than or equal to INR 6 lakh. Applicants must have a valid mobile number linked to their Aadhaar number.
Award	INR 2 lakh for 2 years of MBA studies (INR 1 lakh/year)
Last Date to Apply*	August 1, 2024
Application Mode	Online through Buddy4Study portal
Academic Session	2024-2025

*The application deadline mentioned above is tentative and may change at the discretion of the scholarship provider. 

IDFC FIRST Bank MBA Scholarship 2024-26 – Key Dates

Now, with this brief information, it is important to know some other details. But before referring to them, the candidates must keep track of the important dates of application to this scholarship program. The applications for the IDFC FIRST Bank MBA Scholarship 2024-26 are currently open. The last date to submit the application forms is August 1, 2024.

IDFC FIRST Bank MBA Scholarship 2024-26 – Eligibility

• 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.

IDFC FIRST Bank MBA Scholarship 2024-26 – Award Details

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*)

IDFC FIRST Bank MBA Scholarship 2024-26 – Application Process

Eligible candidates can apply for the  IDFC FIRST Bank MBA Scholarship 2024-26 online by following the steps mentioned below –   

• Visit the official scholarship page.
• Read all the details carefully and Click on the ‘Apply Now’ button of the respective category of scholarship.
• Login to Buddy4Study with your registered ID and land on the ‘Application Form Page’.
  • If not registered – Register at Buddy4Study with your Email/Mobile number/Gmail account.
• You will now be redirected to the ‘IDFC FIRST Bank MBA Scholarship 2024-26’ application form page.
• Click on the ‘Start Application’ button to begin the application process.
• Fill in the required details in the online application form.
• Upload relevant documents.
• Accept the ‘Terms and Conditions’ and click on ‘Preview’. 
• If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.

IDFC FIRST Bank MBA Scholarship 2024-26 – Key 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

Contact Details

In case one has any queries related to this scholarship program, its eligibility, the application process, award details, or the selection process, one is requested to connect through the email ID given below – 

Email: mbascholarship@idfcfirstbank.com