Explore / Business banking / IDFC FIRST Bank vs HDFC Bank
Compared · prices checked 10 November 2026
IDFC FIRST Bank vs HDFC Bank
Pick IDFC FIRST Bank if you are a new company or LLP that wants a current account with no minimum balance. Pick HDFC Bank if you want a large private bank's branches, with collateral-free loans for DPIIT-recognised startups under the credit guarantee scheme. HDFC Bank's StartUp Current Account asks for an average quarterly balance of Rs 50,000, waived for the first 4 quarters, where IDFC FIRST Bank is the pick for no minimum balance.
IDFC FIRST Bank
An Indian private bank with current accounts and business credit cards.
Pick it when
A new company or LLP that wants no minimum balance
For
An Indian business opening a current account or a business card.
What it costs
No price we could read on idfcfirst.bank.in.
In India
Indian bank
Founders on eChai
3 of 38 named it for “Which bank do you use and recommend for your startup?”
HDFC Bank
A large Indian private bank with a StartUp Current Account and business credit cards.
Pick it when
You want a large private bank's branches
For
An Indian startup opening its first current account or business card.
What it costs
StartUp Current Account: average quarterly balance of Rs 50,000, waived for the first 4 quarters
Read from hdfc.bank.in on 10 November 2026
In India
Collateral-free loans under the credit guarantee scheme for DPIIT-recognised startups
Founders on eChai
10 of 38 named it for “Which bank do you use and recommend for your startup?”
