IDFC FIRST Bank MBA Scholarship 2026-28 - ₹2 Lakh for MBA Students | Apply by 8 July

About the Scholarship

The IDFC FIRST Bank MBA Scholarship 2026-28 is a need-based financial assistance programme by IDFC FIRST Bank, one of India’s leading private sector banks. It is designed to support meritorious students from economically weaker backgrounds who have secured admission to reputed MBA programmes but cannot afford the tuition fees.

The scholarship is part of IDFC FIRST Bank’s Corporate Social Responsibility (CSR) initiative under its educational outreach programme.

Applications are LIVE: 8 June to 8 July 2026. This is the only window — do not delay.

Scholarship Amount

• Total Award: ₹2,00,000 over 2 years
• Year 1: ₹1,00,000 (disbursed directly to the institution’s bank account as tuition fee)
• Year 2: ₹1,00,000 (released only after the student clears Year 1 and is promoted to Year 2)
• The funds are not paid to the student’s account — transferred directly to the college to cover tuition

Eligibility Criteria

All of the following must be true:

1. Indian national residing in India
2. Enrolled in Year 1 of a 2-year full-time MBA or equivalent programme (batch of 2026-2028)
3. Must be studying at one of the approved colleges on IDFC FIRST Bank’s eligible college list (download from the official portal)
4. Annual family income from all sources ≤ ₹6,00,000
5. Age: 35 years or younger at the time of application
6. Valid Aadhaar-linked mobile number
7. Earning member of the family must not be employed by IDFC FIRST Bank

Not eligible if:

• Pursuing a 1-year executive MBA, online/distance/part-time MBA, or integrated MBA
• Already received IDFC FIRST Bank scholarship in a previous year and did not clear Year 1

Application Window

Event	Date
Application Opens	8 June 2026
Application Last Date	8 July 2026
Document Verification	July-August 2026
On-ground Screening	August-September 2026
Scholarship Announcement	September-October 2026
Year 1 Disbursement	October-November 2026

How to Apply — Direct Steps

1. Go directly to: https://www.idfcfirst.bank.in/csr-activities/educational-initiatives/mba-scholarship
2. Read the eligibility criteria and verify your college is on the eligible college list (download PDF from the page)
3. Click “Click here to Apply”
4. Verify your Aadhaar-linked mobile number (OTP-based)
5. You will receive a welcome email with login credentials (user ID and password)
6. Log in to the student portal using Google Chrome (recommended browser)
7. Fill in all personal, academic, and family income details
8. Upload all documents before final submission
9. Submit — you cannot edit after submission

Support email: mbascholarship@idfcfirstbank.com

Required Documents

Ensure these are ready as scanned copies before starting the application:

• Aadhaar Card (mandatory, linked to mobile number used for registration)
• Birth Certificate or Class 10 passing certificate
• MBA admission letter from your college (for the 2026-28 batch)
• College fee payment confirmation/receipt
• Income Certificate from a competent authority (Tehsildar/DM/Revenue Officer) showing family income ≤ ₹6 lakh. This is the most common rejection reason — ensure it is current (2025-26 FY) and properly issued.
• Bank passbook/cancelled cheque of the applicant

Note: If no earning member exists, submit a valid no-income certificate from a competent government authority.

Selection Process

1. Online Application Review — Screened for completeness and eligibility
2. Document Verification — All uploads verified for authenticity
3. On-Ground Screening — Bank representatives may visit or contact shortlisted applicants for verification
4. Final Selection — IDFC FIRST Bank makes final selection at its sole discretion

Important Notes

• No application fee at any stage. If anyone asks you to pay, it is a fraud.
• Funds go to the college — not to your bank account
• You must provide accurate information; false information leads to scholarship revocation and reimbursement of disbursed amounts
• Year 2 scholarship is conditional on passing Year 1 and being promoted to Year 2
• If you drop out or switch colleges, the scholarship is forfeited

Which Colleges Are Eligible?

The eligible college list is published on the official application portal. Major colleges typically included in previous cycles include IIMs (not all), NIT Schools of Management, reputed state university MBA programmes, and selected private B-schools. Download the current list from the portal at https://www.idfcfirst.bank.in/csr-activities/educational-initiatives/mba-scholarship before applying — the list changes each year.