IDFC FIRST Bank MBA Scholarship 2022: Apply Online, College List

IDFC FIRST Bank MBA Scholarship Scheme 2022 has been launched by the IDFC FIRST Bank. This scheme has been started by the bank for the students of the country who desire to pursue MBA courses. Under this scheme, scholarship is awarded to the students for a two-year MBA course. Interested aspirants may apply for the scholarship by following a few easy steps as described further in this article. Below you will get many other related details about the scholarship along with the application procedure like eligibility criteria, college list, Documents required, and many more. 

IDFC FIRST Bank MBA Scholarship 2022

In the IDFC FIRST Bank MBA Scholarship program, beneficiaries will get monetary benefits. Only 350 students across the state will get the benefits of this scheme. The main objective of the IDFC FIRST Bank is to make Post Graduate Education in Business Studies available to those meritorious students who can’t afford it due to financial constraints. To grab the benefits under this scheme student must have secured his admission to the college on a merit basis. Other eligibility conditions along with the relevant information are described further. Students must check their eligibility before applying for the scheme via online mode. 

IDFC FIRST Bank MBA Scholarship

RBI Scholarship Scheme

Highlights Of IDFC FIRST Bank MBA Scholarship

  • Name of the scheme: IDFC FIRST Bank MBA Scholarship
  • Launched by: IDFC FIRST Bank
  • Launched for: Students
  • No of Scholarship: 350
  • Benefits: Monetary 
  • Mode of application: online
  • Official site:

Objective Of IDFC FIRST Bank MBA Scholarship

The scholarship is available for MBA students who are not able to continue their education due to their economical background. The students will be able to take into account this scholarship opportunity by visiting the official website of the organization. The scholarship will be provided in Rupees 200000 to all of the beneficiaries. The main objective of the scholarship opportunities is to help the people to continue their education when they are not able to even submit their fees to prestigious business schools present in India. You can easily apply for the scholarship of your choice by visiting the official website and filling out the application form.

Benefits Of IDFC FIRST Bank MBA Scholarship

There are a lot of benefits that will be provided through the implementation of the IDFC First Bank MBA scholarship program. The students will be provided with a need-based scholarship of Rs 2 lakh for 2 years of full-time MBA studies. The students who have secured admission to Business School based on their own merit will be provided with this scholarship program. The applicant must also follow the eligibility criteria of the family income and then only they will be provided with the benefit of this scholarship program. You can apply for this scholarship by visiting the official website of IDFC. The registration will be open from 15th June and the last date to apply for this scholarship opportunity is 30th June. There are 350 scholarships available in this program and there are 18 Institutions presenting this scholarship in India.

Important Dates

  • The registrations for this scholarship program are open from 15th June 2022.
  • The registration for this scholarship program will conclude on 15th July 2022.

Benefits Of IDFC FIRST Bank MBA Scholarship

This scheme is very beneficial for the students who desire to pursue MBA. Under this scheme selected beneficiaries will get an amount of Rs. 2,00,000 for two years of MBA course for full-time. 

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College list

  • AIMTC Jalandhar – Apeejay Institute of Management Technical Campus – Jalandhar
  • Alkesh Dinesh Mody Institute for Financial and Management Studies
  • Alliance University-Bangalore
  • Amritha School Of Business
  • Army Institute of Management-Kolkata
  • Balaji Institute of Telecom and Management
  • BGU Bhubaneswar – Birla Global University – Bhubaneswar
  • BIMTECH-Noida
  • BKSBM Ahmedabad – BK School of Business Management – Ahmedabad
  • BVBIMS Kolkata – Bharatiya Vidya Bhavan Institute of Management Science – Kolkata
  • BVIMED Pune – Bharati Vidyapeeth Institute Of Management and Entrepreneurship Development – Pune
  • BVIMSR Mumbai – Bharati Vidyapeeths Institute of Management Studies and Research – Mumbai
  • CBS Kolkata – Calcutta Business School – Kolkata
  • Chandigarh University
  • Christ University Bangalore
  • DBM Rajkot – Department of Business Management – Rajkot
  • DBS Dehradun – Doon Business School – Dehradun
  • Delhi School of Economics
  • DIT University Dehradun- Dehradun Institute of Technology Dehradun – Delhi
  • DSIMS Mumbai – Durgadevi Saraf Institute of Management Studies – Mumbai
  • DYBS Pune – DR. D. Y. PATIL B-SCHOOL – Pune
  • FLAME University – Pune
  • FMS-Delhi
  • GBS Kolkata – Globsyn Business School – Kolkata
  • GITAM University (GU) – Hyderabad
  • GLIM Gurgaon- Great Lakes Institute of Management, Gurgaon
  • GNIMS Mumbai – Guru Nanak Institute of Management Studies – Mumbai
  • Graphic Era Deemed University – Dehradun
  • IBA Bangalore – Indus Business Academy – Bangalore
  • IBS Dehradun
  • IBS- Gurgaon
  • IBS- Jaipur
  • IBS Kolkata – ICFAI Business School – Kolkata
  • IBS Pune – IBS Business School – Pune
  • IBS-Bangalore
  • IBS-Hyderabad
  • IBS-Mumbai
  • IES Mumbai – IES Management College and Research Centre – Mumbai
  • IFIM Institutions Bangalore-Pool Campus
  • IFIMBS Bangalore – Institute of Finance and International Management Business School
  • IFIMBS Bangalore – Institute of Finance and International Management Business School – Bangalore
  • IFMR Chennai
  • IGIDR Mumbai
  • IIBM Pune – Indira Institute of Business Management – Pune
  • IIEBM Pune – Indian Institute of Education and Business Management – Pune
  • IIFM Bhopal
  • IIM- Bangalore
  • IIM Calcutta
  • IIM Lucknow
  • IIM Shillong
  • IIM-Ahmedabad
  • IIM-Indore
  • IIM-Kozhikode
  • IIT Bombay
  • IIT Kharagpur
  • IIT Roorkee – Indian Institute of Technology – Roorkee
  • IMI Bhubaneshwar
  • IMI Kolkata – International Management Institute – Kolkata
  • IMT Ghaziabad – Institute of Management Technology, Ghaziabad
  • IMT Hyderabad
  • Indian Institute of Social Welfare and Business Management (IISWBM)
  • Institute of Management Technology (IMT) – Nagpur
  • IPE Hyderabad – Institute of Public Enterprise – Hyderabad
  • IRMA Anand
  • ISBM Pune – International School of Business and Media – Pune
  • ISMR Pune – International School of Management and Research – Pune
  • ITMBS Mumbai – ITM Business School – Mumbai
  • ITMBS Warangal – ITM Business School – Warangal
  • ITS Ghaziabad – Institute of Technology and Science – Ghaziabad
  • IU Ahmedabad – Indus University – Ahmedabad
  • Jaipuria Institute Of Management Lucknow
  • Jaipuria Institute of Management(JIMI)-Indore
  • Jaipuria Institute of Management-Jaipur
  • Jaipuria Institute of Management-Noida
  • JBIMS Mumbai – Jamnalal Bajaj Institute of Management Studies – Mumbai
  • KIITSM Bhubaneswar – KIIT School of Management
  • KIITSM Bhubaneswar – KIIT School of Management – Bhubaneswar
  • Kirloskar Institute of Advanced Management Studies-Pune
  • KJ SIMSR Mumbai- K. J. Somaiya Institute of Management Studies and Research Mumbai
  • LBSIM Delhi – Lal Bahadur Shastri Institute Of Management – Delhi
  • LLIM Mumbai – Lala Lajpatrai Institute of Management – Mumbai
  • MDI Gurgaon
  • MDI Murshidabad – Management Development Institute – Murshidabad
  • MEFGI Rajkot – Marwadi Education Foundation”s Group of Institutions – Rajkot
  • Mukesh Patel School of Technology Management and Engineering (MPSTME)
  • Mumbai Educational Trust Institute Of Management (METIOM)-Mumbai
  • New Delhi Institute of Management
  • NIAEM Hyderabad
  • NIBM Pune – National Institute of Bank Management – Pune
  • NICM Gandhinagar – Shri Jairambhai Patel Institute of Business Management – Gandhinagar
  • NITIE Mumbai- National Institute of Industrial Engineering Mumbai
  • NIT-Trichy
  • NLDIMSR Mumbai – N L Dalmia Institute of Management Studies and Research – Mumbai
  • NMIMS Bangalore – Narsee Monjee Institute of Management Studies, Bangalore
  • NMIMS Mumbai
  • NMIMS-Indore
  • NMIMS-Navi Mumbai
  • NRIBM Ahmedabad – N R Institute Of Business Management – Ahmedabad
  • NU Ahemadabad – Nirma University, Ahmedabad
  • NUL Hyderabad – Nalsar University of Law – Hyderabad
  • PCTE Punjab – PCTE Group Of Institutes – Punjab
  • PIBM Pune – Pune Institute of Business Management – Pune
  • Praxis Business School – Bangalore
  • PUMBA Pune- Department of Management Sciences (PUMBA) Pune
  • R V Institute of Management-Bangalore
  • RMI Mumbai – Rizvi Management Institutes – Mumbai
  • SBS Ahmedabad – Shanti Business School – Ahmedabad
  • SCMHRD Pune- Symbiosis Centre for Management and Human Resource Development Pune
  • Shailesh J Mehta-IIT Bombay
  • SIBM – Bangalore
  • Sies – College Of Management Studies-Mumbai
  • SIIB Pune
  • SP Jain- Mumbai
  • SPMPD Gandhinagar – School of Petroleum Management Pandit Deendayal Petroleum University – Gandhinagar
  • SSBF Pune – Symbiosis School of Banking and Finance – Pune
  • SSKIPS Ahmedabad – Sant Kabir Institute of Professional Studies – Ahmedabad
  • Sydenham Institute of Management Studies Research and Entrepreneurship Education
  • Symbiosis Institute of Business Management-Hyderabad
  • Thakur Institute Of Management Studies Research-Mumbai
  • TIET Patiala – Thapar Institute of Engineering and Technology – Patiala
  • UBS Raigad – Universal Business School – Raigad
  • UWBS Kolkata
  • VAMNICOM Pune – Vaikunth Mehta National Institute of Co-operative Management – Pune
  • VESIM Mumbai – Vivekanand Education Society Institute of Management Studies and Research -Mumbai
  • VESIM-Mumbai
  • VGSOM Kharagpur
  • VIT Mumbai – Vidyalankar Institute of Technology- Mumbai
  • WE School Mumbai- Welingkar Institute of Management Development and Research Mumbai
  • WSB Hyderabad – Woxsen School of Business – Hyderabad
  • XIME Bangalore
  • XIMR Mumbai – Xavier Institute of Management Research – Mumbai
  • XISS Ranchi
  • XSRM Bhubaneswar

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Eligibility Criteria

  • The applicant should be an Indian citizen only
  • The annual family income of the applicant’s family should be less than or equal to ₹6 Lakhs p.a.
  • Applicant must enroll in the first year of the two-year MBA program
  • The age of the applicants should be 35 years or younger 

Documents Required for IDFC FIRST Bank MBA Scholarship

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

Eligibility Criteria

The applicant must follow the following eligibility criteria to apply for this scheme:-

  • The applicant must be a legal resident of India and the applicant must also reside in India only.
  • the gross annual family income of the applicant from all sources should be less than or equal to Rupees 6 lakh per annum.
  • The scholarship is applicable for students enrolled in the first year of the two-year MBA program or its equivalent of the class of 2023.
  • The applicant must be enrolled in any of the MBA colleges mentioned above.
  • The applicant should be no more than 35 years of age on the date of his or her application.
  • The applicant must have a valid mobile number linked to the Aadhar card of the applicant.

IDFC FIRST Bank MBA Scholarship Application Procedure

  • To seek an application for the scholarship, students need to open the official website of IDFC FIRST Bank
IDFC FIRST Bank MBA Scholarship
  •  From home page of the portal go to the CSR option available in the top
  • From opened page you have to select education option and then look for “IDFC FIRST Bank MBA Scholarship Program”
  • Choose view program detail option and select “Apply Now” button and this will radiate you to the Buddy4study official website
IDFC FIRST Bank MBA Scholarship
  •  You need to hit the apply button and a login window will open on the screen 
  • Click the register button if not registered with the site previously and as you hit the registration application form will open
  • Enter the details as required like Name, Mobile Number, Email id, Password, and Captcha code
  • Submit it by clicking the register button and verifying your email & mobile number 
  • Enter the OTP you received and if you are already registered then login to the portal by using your google account, mobile number, or email ID
  • Mention all the rest asked details in the application form such as Father’s Name, DOB, Gender, Category etc.
  • Upload the documents, carefully review all the details and submit them by hit submit button
  • Remember to take a hard copy of a filled application for further use.

View List of Applicable Colleges

View List of Applicable Colleges
  • Check your college name in the list

Submit Complaint

  • For this, the applicant has to open the official website of IDFC FIRST Bank
  • The homepage of the website will open.
  • Click on the Complaint option.
  • A new page will open on the screen.
  • Enter the registered mobile number.
Submit Complaint
  • An OTP will be sent to your mobile number.
  • Enter the OTP in the form and move further to register a complaint.

Contact Details

  • Phone Number – 011-430-92248 (Ext-124) (Monday to Friday between 10am to 6pm)
  • Email –

Terms And Conditions

The applicant must follow the following terms and conditions to apply for the scholarship program:-

  • Students admitted in the 1st year of 2-year full-time MBA or its equivalent programs at selected institutions/colleges are eligible for this scholarship
  • Students pursuing 1-year executive program, integrated MBA program or an MBA program other than 2-year full-time MBA/PGDM program are not eligible for this scholarship
  • Final grant of Scholarships will take place only after due verification of their documents & on-ground screening of the shortlisted applicants. In case the applicant fails to do the needful in any of these stages or is unable to comply with the process within the stipulated timeframe, his/her candidature shall be rejected
  • The applicant needs to provide the details for on-ground verification as mentioned in the form to the bank representatives.
  • The amount of the scholarship is meant for covering the tuition fees and shall be disbursed in the account of the said institution/college of admission only
  • The final disbursement of the scholarship will take place after the submission of the fees receipt by the student-applicant
  • The final selection of awardees will be solely at the discretion of IDFC FIRST Bank
  • It is mandatory for the awardees to attend all IDFC FIRST Bank events pertaining to the IDFC FIRST Bank MBA Scholarship
  • If an applicant agrees to explore the possibility of a student loan with the bank, indicated during his/her application submission stage, it will be deemed as an act of authorization by him/her given to the bank and/or its representatives or its agents to communicate with him/her in future via email, call or SMS pertaining to his/her application or to other promotional activities.
Can I apply for this scholarship if I am pursuing MBA through distance education?

No, the scholarship is only available for the students who are enrolled in a full-year MBA program.

Can I apply for the scholarship if I have already completed my MBA?

The scholarship is only available for the students who are in the first year of their MBA program for the academic year 2021 to 2023.

How can I apply for this scholarship program?

You will first have to visit the official website of IDFC First Bank and then apply for the scholarship program.

What is this scholarship award provided to the students?

The students will be provided with a need-based scholarship of INR 2 lakh for 2 years.

What is the duration of the scholarship provided to all of the beneficiaries?

The beneficiaries will be provided with a 2 years scholarship program so that they will continue their education and complete their MBA successfully.

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