IDFC FIRST Bank MBA Scholarship 2026-28 - Rs. 2 Lakh for MBA Students

IDFC FIRST Bank · All India

Last Date: 08 Jul 2026 Central Government All India

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Quick Info

Last Date

08 Jul 2026

Notification

18 Jun 2026

Salary

Rs. 2,00,000 (Rs. 1 lakh/year for 2 years)

IDFC FIRST Bank MBA Scholarship 2026-28 - Complete Guide

The IDFC FIRST Bank MBA Scholarship 2026-28 is a need-based financial assistance program for students pursuing the first year of a 2-year full-time MBA. An initiative of IDFC FIRST Bank, it supports students from families with an annual income below Rs. 6 lakh, helping them continue their postgraduate management education without financial barriers. Selected students receive a total of Rs. 2,00,000, disbursed as Rs. 1,00,000 per year over the two-year program.

Quick Overview

Offered by: IDFC FIRST Bank
For: First-year students of a 2-year full-time MBA (Class of 2026)
Benefit: Rs. 2,00,000 total (Rs. 1 lakh/year x 2 years)
Income limit: Family income ≤ Rs. 6 lakh
Last Date: 8 July 2026
Application fee: None

Important Dates

Last Date to Apply: 8 July 2026

Benefits

Total scholarship of Rs. 2,00,000 for two years of full-time MBA studies (Rs. 1 lakh per annum, subject to terms).
Amount covers tuition fees and is disbursed directly to the institution's account after the fee receipt is submitted.
Second-year amount is released only if the student passes the first year and is promoted.

Eligibility

Open to Indian nationals residing in India only.
Must be enrolled in the first year of a 2-year full-time MBA (or equivalent) for the class of 2026.
Must be enrolled in one of the eligible MBA colleges listed in the official college list.
Gross annual family income from all sources must be ≤ Rs. 6 lakh.
Must have a mobile number linked to the Aadhaar number.
The earning member must not be an IDFC FIRST Bank employee.

Not eligible: 1-year executive programs, integrated MBA, distance/part-time MBA, or any program other than a 2-year full-time MBA/PGDM. Second-year students and children of IDFC FIRST Bank employees are also not eligible.

Documents Required

Admission proof (institution name, admission year, batch) and fee receipt

Residence/Age proof: Birth Certificate / 10th Passing Certificate / Passport

Income proof (any one): earning member's income certificate, or Section 143(1) document; if no earning member, a 'No Income' certificate from the authority

Aadhaar-linked mobile number and email address

Other (if applicable): disability certificate, sanctioned loan letter, death certificate (if sole earning member deceased), proof of any other MBA scholarship received

Step-by-Step Application Guide

Start the application: Click the 'Apply Now' button to begin.
Login/Register: Log in (or register with email/mobile/Gmail) to reach the online application form page.
Go to official portal: You will be redirected to the IDFC FIRST Bank MBA Scholarship 2026-28 official website.
Read & apply: Read all details and click 'Apply Now'.
Verify: Check your eligibility and verify your Aadhaar card and mobile number.
Get credentials: A welcome message with the login URL, user ID and password is sent to you.
Fill the form: Log in to the application portal and fill all required details.
Upload & submit: Upload the necessary documents and submit the application form. (Use Google Chrome for the best experience.)

Tips Before You Apply

Check that your college is on the eligible college list before applying.
Keep your Aadhaar-linked mobile, admission letter and fee receipt ready.
Ensure your income proof (certificate or 143(1) document) is valid.
The scholarship is free to apply - never pay any fee; report anyone asking for money to [email protected].

Common Mistakes to Avoid

Applying for a 1-year/executive/integrated/distance MBA (not eligible).
College not on the eligible list.
Family income above Rs. 6 lakh or incomplete income proof.

Important Links

Apply Online (Official IDFC Portal) firstimpactscholarships.idfcfirst.bank.in Apply Now Help / Support Page firstimpactscholarships.idfcfirst.bank.in Open Official IDFC FIRST Bank Website www.idfcfirstbank.com Open Join Telegram Channel t.me Join Join WhatsApp Channel whatsapp.com Join

Ready to Apply?

Click below to visit the official application page.
Application closes on 08 Jul 2026

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Frequently Asked Questions

What is the IDFC FIRST Bank MBA Scholarship amount?

Selected students receive Rs. 2,00,000 in total - Rs. 1,00,000 per year for the two years of a full-time MBA, subject to terms and passing the first year.

What is the last date to apply for the IDFC FIRST Bank MBA Scholarship 2026-28?

The last date to apply online is 8 July 2026.

Who is eligible for this MBA scholarship?

Indian nationals residing in India, enrolled in the first year of a 2-year full-time MBA (class of 2026) at an eligible listed college, with family income up to Rs. 6 lakh and an Aadhaar-linked mobile number. The earning member must not be an IDFC FIRST Bank employee.

Is distance or part-time MBA eligible?

No. Only a 2-year full-time MBA/PGDM is eligible. 1-year executive programs, integrated MBA, distance and part-time MBA programs are not eligible.

Is there any application fee?

No. The application is completely free. The scholarship is hosted only on the official IDFC FIRST Bank portal - never pay any fee and report suspicious requests to [email protected].

How is the scholarship paid?

The amount covers tuition fees and is disbursed directly to the institution's account after the student submits the fee receipt. The second-year amount requires passing the first year.

Last Date: 08 Jul 2026

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