IDFC FIRST Bank MBA Scholarship

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About the Program


IDFC FIRST Bank MBA Scholarship is a need-based scholarship program run by IDFC FIRST Bank to financially support students with family income of less than INR 6 lakh 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. 

Under this scholarship, students enrolled into the first year of a two-year full-time MBA course in the academic session 2023-25 will be provided with INR 2 lakh for two years of their MBA program (INR 1 lakh/year). 

  • IDFC FIRST Bank MBA Scholarship 2023-25
    • Open for Indian Nationals, residing in India only.
    • Students enrolled in first year of a 2-year full-time MBA program or its equivalent for the class of 2023 are eligible.
    • Applicants should be enrolled in any of the MBA colleges mentioned in the attached list.
    • The gross annual family income of the applicants from all sources should be less than or equal to INR 6 lakh.
    • Candidates should be no more than 35 years of age on the date of application.
    • The applicant must have a valid mobile number linked to Aadhaar card.

    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 T&C*). 


    Below is the list of documents that need to be uploaded before the final submission of the application form:

    • Admission related documents
      • Admission Proof (With name of 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 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
      • Document of any other scholarships received for pursuing MBA
    How can you apply?
    • Click on the ‘Apply Now’ button below.
    • Login to Buddy4Study using a registered ID to land onto the ‘Online Application Form Page’.
      • If not registered on Buddy4Study - Register at Buddy4Study with your Email/Mobile/Gmail account. 
    • You will now be redirected to the ‘IDFC FIRST Bank MBA Scholarship’ 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 will be sent to the applicants containing login URL, user ID and password. 
    • Login to the application portal and fill in all the required details in the online scholarship application form.
    • Upload the required documents.
    • Finally, submit the application form.
Terms and Conditions
  • Students admitted in the 1st year of 2-year full-time MBA or its equivalent programs at selected institutions/colleges are eligible for this scholarship.
  • Students pursuing 1-year executive program, integrated MBA program or any MBA program other than 2-year full-time MBA/PGDM program are not eligible for this scholarship.
  • Final grant of Scholarships will take place only after due verification of their documents & on-ground screening of the shortlisted applicants. In case the applicant fails to do the needful in any of these stages or is unable to comply with the process within the stipulated timeframe, his/her candidature shall be rejected.
  • The applicant needs to provide the details for on-ground verification as mentioned in the form to the bank representatives.
  • The amount of the scholarship is meant for covering the tuition fees and shall be disbursed in the account of the said institution/college of admission only.
  • The final disbursement of the scholarship will take place after submission of the fees receipt by the student-applicant.
  • The final selection of awardees will be at absolute and sole discretion of IDFC FIRST Bank. Mere submission of the application will not be considered as grant of scholarship.
  • It is mandatory for the awardees to attend all IDFC FIRST Bank events pertaining to the IDFC FIRST Bank MBA Scholarship.
  • It is mandatory for students to pass their first year and be promoted to second year to be eligible for second year of scholarship.
  • Children of IDFC FIRST Bank employees are not eligible for the scholarship. If found, the candidature will be rejected at any given stage of scholarship process.
  • If an applicant agrees to explore the possibility of a student loan with the bank, indicated during his/her application submission stage, it will be deemed as an act of authorisation by him/her given to the bank and/or its representatives or its agents to communicate with him/her in future via email, call or SMS pertaining to his/her application or to other promotional activities.

Note: The IDFC FIRST Bank MBA Scholarship application process is hosted only on its official website and it is 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 OR you have been contacted by anyone other than the IDFC FIRST Bank’s authorized representatives or have come across any suspicious activity, please report to


In case of any queries, please reach out to:

Frequently Asked Questions
  • I cannot find my college in the list of institutions eligible scholarship program?

    Please note, the list shared above is the final list of eligible colleges. If your college is not mentioned in the list then you are not eligible to apply for the scholarship.


  • Can MBA students of 2022-23 or previous batch apply for this scholarship?

    No. Only students who are enrolled into the 1st-year of their full-time MBA/PGDM program in the academic year 2023-24 are eligible to apply for this scholarship.

  • I want to pursue an MBA through distance education. Am I eligible for this scholarship?

    No, only full-time MBA students are eligible for this scholarship.

  • I have a query about the scholarship program, whom do I write to?

    Scroll down to the bottom of the scholarship application pre login landing page and click on ‘Email Us’ > fill the user form and submit > CSR team will reach out to you within 3 working days.

  • I am facing a technical issue while logging in, what do I do?

    Scroll down to the bottom of the scholarship application pre login landing  page and click on ‘Email Us’ > fill the user form and submit > CSR team will reach out to you within 3 working days.

  • Can IDFC FIRST Bank employees and/or children apply for the scholarship?

    No, neither IDFC FIRST Bank employees nor their children are eligible to apply for this scholarship

  • Is there any application fee for this scholarship?

    No. There is no application fee towards applying to this scholarship.


1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.

2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

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