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IDFC FIRST Bank MBA Scholarship 2019-21

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Posted By educratsweb.comScholorship 🗓 Thursday August 15 2019 👁 1589

IDFC FIRST Bank MBA Scholarship 2019-21 »» Details and Application Format? What is the last date? Selection Criteria? Application Fee? How to Apply?

IDFC FIRST Bank MBA Scholarship 2019-21  Details and Application Format? What is the last date? Selection Criteria? Application Fee? How to Apply?

What is IDFC FIRST Bank MBA Scholarship 2019-21?

IDFC FIRST Bank is offering scholarships to students enrolled into first year of two year full-time MBA programmes in academic session 2019-21. The need-based scholarship programme is aimed at helping students to cover tuition fees of their MBA programme. The scholarship applications are allowed from selected 150 B-Schools across India.

Who is offering this scholarship ?

The scholarship is being provided by IDFC FIRST Bank which is an Indian banking company that forms part of IDFC, an integrated infrastructure finance company. This scholarship programme forms part of its CSR initiative for the year of 2019-20.

IDFC FIRST Bank was founded by the merger of IDFC Bank and Capital First in December 2018. The Bank provides a range of financial solutions to individuals, small businesses and corporates. The Bank offers savings and current accounts, NRI accounts, salary accounts, demat accounts, fixed and recurring deposits, home and personal loans, two wheeler loans, consumer durable loans, small business loans, forex products, payment solutions and wealth management services. IDFC FIRST Bank has a nationwide presence and operates in the Retail Banking, Wholesale Banking and other banking segments.

Who can apply for this scholarship ?

IDFC FIRST Bank Scholarship applicants must fulfil the following eligibility criteria:

  • Open for Indian Nationals residing in India only.
  • Gross annual family income from all sources should be less than or equal to Rs 6 Lakhs p.a
  • Applicable for students enrolled in first year of batch of 2019-21 of MBA degree (or its equivalent)
  • Applicant should be enrolled in any of the MBA colleges mentioned in the list attached in the documents section

What are the benefits ?

The selected MBA students will be awarded with scholarship sum of INR 2,00,000 (INR 1.00 Lakh/year) over the duration of their MBA programme 

How can you apply ?

Eligible candidates can apply for the scholarship through the following steps:
Step 1: Visit the IDFC FIRST Bank MBA Scholarship 2019-21 aplication link.
Step 2: Login/Register using Facebook, Gmail or Buddy4Study E-mail account. 
Step 3: Once signed in, click on 'Start Application' to start filling the form. 
Step 4: Fill in all the details and upload the required documents.
Step 5: Finally, click on 'Submit'.

What are the documents required for the IDFC FIRST Bank MBA Scholarship 2019-21?

Below is the list of documents that need to be uploaded before the final submission of the application form:

  • Personal Information documents
    • Applicant's photograph
    • Copy of Aadhaar Card
    • Copy of address proof
  • Admission related documents
    • Admission letter (with name of institution and intake session)
    • Copy of fee receipt
  • Academic record documents
    • Copy of Class 10th Marksheet
    • Copy of Class 12th Marksheet
    • Copy of Graduation Marksheet
  • Income Proof (financial documents)
    • Copy of Salary Slip (Parents)
    • Copy of Income Tax Returns (Form 16A)
    • Income Certificate issued by relevant government authority (Tehsildar or Magistrate)

What are the selection criteria ?

The scholarship will be awarded based on the financial needs of the applicants. The scholars will be selected based on first-level shortlisting of candidates followed by telephonic/personal interview.

What are the important dates ?

Application opening date: June 06, 2019

Application deadline: August 16, 2019


Q. I have enrolled into a 2-year PGDM programme this year. Am I eligible for this scholarship? How do I know whether my college is among the listed institutions from where the applications are allowed for this scholarship programme? 
A: Yes. Students enrolled into 2-year full-time MBA or equivalent programmes, including PGDM programmes, are eligible to apply for this scholarship provided they belong to any B-school listed in this document.


Q. Can MBA applicants of 2018-20 batch apply for this scholarship?
A. No. Only graduate students who are enrolled into 1st year of their MBA/PGDM programme in the academic year 2019-20 are eligible to apply for this scholarship.


Q. I want to pursue MBA through distance education, am I eligible for this scholarship?
A. No, the scholarship is only available for students who are already enrolled in 1st year of their 2-year full-time MBA programme
Note: Applicants pursuing executive MBA are not eligible to apply for this scholarship.


Q. Is there any application fee for this scholarship programme?
A. There is no application fee towards applying to this scholarship.


Q: Where do I apply for this scholarship?
A: The scholarship application is only hosted on Buddy4Study. The scholarship application link is officially available on IDFC FIRST Bank website as well.


Q. What will be the process of the interview?
A. After applying through the online application form, a telephonic interview will be conducted with all shortlisted applicants. This will be followed by a face- to-face interview towards the final selection of scholars.


Q. When will results be declared for this scholarship?
A. The results of this scholarship will tentatively be declared in September, 2019  

Terms and Conditions

  • Only students studying in 1st year of 2-year full-time MBA programmes at selected MBA/PGDM colleges are eligible to apply for this scholarship programme
  • Applicants pursuing 1-year executive programme, integrated MBA programme or any other MBA programme other than 2-year full-time MBA/PGDM programme are not eligible for this scholarship
  • Students will be shortlisted for telephonic interview based on their application forms
  • After the telephonic interview, selected students will be invited to attend face-to-face interview rounds (if required) for final selection
  • Scholarships will only be provided after document verification of the finally selected scholars 
  • The amount of the scholarship is meant to cover the tuition fees of the scholars
  • The final disbursement of the scholarship will be based on the submission of fee receipt of the scholars

Note: The IDFC FIRST Bank MBA Scholarship application process is hosted only on this link and is the only channel through which one can apply for the scholarship. We DO NOT charge application fees at any stage of the scholarship process. If you have been asked to pay application fees OR you have been contacted by anybody apart from IDFC FIRST Bank / Buddy4Study seeking personal details / you come across any suspicious activity, please report to

Important documents

IDFC FIRST Bank MBA Scholarship 2019-21 Eligible MBA Institution List

IDFC FIRST Bank MBA Scholarship 2019-21

IDFC FIRST Bank MBA Scholarship 2019-21

For more information visit
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Last Date for Apply : Friday August 16 2019
(Note : Last date for Apply may vary, if any corrigendum published on the official website. So visit official website regularly for any corrigendum /Admit Card / Exam Result/ Previous Year Question Papers)

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