IDFC FIRST Bank MBA Scholarship

Step 2: Click on ''CSR'' in the navigation bar on top

Step 3: From the dropdown menu, click on ''MBA Scholarship Program''

Step 4: On the page, click on the link ''Click here to Apply''

Step 5: You will be redirected to the scholarship page where you need to create an account (Register)

Step 6: After registration is complete, fill up the required details and upload the necessary documents

Step 7: Save the changes and submit the application

Step 8: You will receive an application number which can be used to track your application status

Step 9: Your application will be reviewed and the results will be sent to your registered email address and will also be available on the portal

Benefits of IDFC First Scholarship

The selected MBA students will be awarded a scholarship sum of Rs. 2,00,000 (Rs. 1 lakh/year) over the duration of their two-years MBA program.

Eligibility Criteria for the Scholarship

The eligibility criteria for the scholarship is given below:

1. Applicants should be Indian nationals
2. Only courses in India
3. Only full-time MBA courses
4. Gross annual family income not exceeding Rs.6 lakh per annum
5. Candidates should be 35 years of age or younger at the date of application. 
6. Applicants must have a valid mobile number linked to their Aadhar card. 

Documents Required and Application Form

The documents required to apply for the scholarship are given below:

1. Identity proof (Voter ID card, driving license, Aadhaar card)
2. Photograph of applicant
3. Admission proof (ID card, fee receipt, admission letter, etc.)
4. Academic records (mark sheets of 10th, 12th, and graduation)
5. Income proof (salary slip of parents/income tax returns or Form 16A/income certificate by Magistrate or Tahsildar)

Important Terms and Conditions for the Scholarship

Eligibility

This scholarship is only available to those students who have been admitted into the first year of a two-year full-time MBA program or an equivalent program at the selected institutions or colleges by the IDBI Bank. 

Ineligibility

Students pursuing an integrated MBA program, a one-year executive program, or any other MBA program that is not a two-year full-time MBA or PGDM program are not eligible for this scholarship. 

Scholarship Grant Process – Step-by-Step

Only after the applicant's documents have been duly verified and the shortlisted applicants have undergone on-ground screening will the final granting of scholarships occur. Failure to complete these stages or comply with the process within the specified timeframe will result in the rejection of the applicant's candidature. 

Document Verification for IDFC FIRST Scholarship

The applicant must provide the necessary details for on-ground verification to the bank representatives, as specified in the form. 

Scholarship Disbursement

The scholarship amount will be disbursed directly to the bank account of the institution or college to which the student is admitted and is intended to cover the tuition fees of the applicant. 

How the Scholarship Amount is Disbursed

The final disbursement of the scholarship will take place after the student-applicant submits the receipt for payment of fees. 

Selection Process

IDFC FIRST Bank holds the sole discretion in the final selection of scholarship recipients. 

Attendance Requirements for Scholarship Recipients

Awardees are required to attend all IDFC FIRST Bank events related to the IDFC FIRST Bank MBA Scholarship. 

Communication Authorization Requirements

As indicated during the application submission stage, if an applicant decides to explore the prospect of a student loan with the bank, it will be considered as authorisation for the bank and/or its representatives or agents to communicate with the applicant in the future via email, call, or SMS regarding their application or other promotional activities.

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