The holiday season is a time of joy and celebration, but it often brings along significant expenses, be it for travel costs or buying gifts for loved ones. Planning these expenses effectively can help you enjoy a stress-free holiday while keeping your finances in check. The IDFC FIRST Bank Corporate Salary Account, with its unique features and benefits, serves as an excellent tool to manage your holiday expenses wisely and seamlessly.
How to effectively plan your holiday expenses?
Create a budget for your holiday expenses
Start by listing all expected holiday expenses, including travel, accommodation, gifts, and meals. The IDFC FIRST Bank Corporate Salary Account offers higher daily transactional limits (₹6 lakhs for purchases and ₹2 lakhs for withdrawals), giving you the flexibility to manage large payments as per your budget. The account’s zero balance requirements ensures that all your funds remain accessible to you without any charges.
Save ahead with higher interest rates
The best way to prepare for holiday expenses is by saving consistently. The IDFC FIRST Bank Salary Account offers monthly interest payouts and one of the highest interest rates in the industry, enabling faster growth of your savings through better compounding. Start saving early to ease the financial burden during the festive season.
Maximise rewards and lifestyle benefits
Leverage the exclusive lifestyle perks offered by the IDFC FIRST Bank Corporate Salary Account. For instance, enjoy complimentary Swiggy One membership to reduce dining expenses or Amazon Prime membership to access early deals/offers and quick deliveries. You also get a Times Prime membership, access to 20+ OTT platforms, and exclusive discounts on over 40 brands. These benefits can help you cut costs while enjoying premium services.
Use zero-fee banking services
Holiday expenses can involve frequent transactions, and banking fees can add up quickly. With zero-fee banking on common services like NEFT, RTGS, IMPS, ATM withdrawals, and cheque books, etc., the IDFC FIRST Bank Salary Account ensures that every rupee you save goes towards creating unforgettable holiday memories, not wasted on unnecessary fees.
Opt for affordable loans when needed
Unplanned expenses or a last-minute trip can strain your holiday budget. The IDFC FIRST Bank Salary Account provides low-interest personal loans and pre-approved loans up to ₹2 lakhs, offering a quick and cost-effective solution for unexpected financial needs. Additionally, you can consolidate your existing loan via a balance transfer at a 1% lower interest rate for better debt management.
Safeguard your holiday plans with insurance
Travel plans can sometimes go awry due to unforeseen circumstances. Protect your finances with the optional trip cancellation cover (₹25,000 for Classic Plus Salary Account and ₹50,000 for Platinum Plus Salary Account), available to account holders. Additionally, you can opt for additional health insurance coverage of ₹25 lakhs at affordable premiums starting at just ₹900, ensuring comprehensive protection for your holiday plans.
Manage finances efficiently with the mobile app
Keep a close eye on your holiday expenses using the IDFC FIRST Bank Mobile App, which offers a holistic view of your financial accounts and investments. Track your spending, pay bills, and monitor your investments in mutual funds and ELSS directly from the app to stay on top of your financial goals during the festive season.
Conclusion
Planning holiday expenses can be a breeze with the right financial tools at your disposal. The IDFC FIRST Bank Corporate Salary Account equips you with higher savings, zero-fee banking, exclusive lifestyle benefits, and efficient financial management solutions to make your holidays joyful and stress-free.
This festive season, plan smarter, spend wisely, and let the IDFC FIRST Bank Salary Account help you create lasting memories without financial worries. Open your account today and enjoy a seamless holiday experience!