IDFC FIRST Bank MBA Scholarship Program 2026-28 – Full Details
The IDFC FIRST Bank MBA Scholarship Program 2026-28 is a need-based scholarship initiative designed to provide financial assistance to deserving students from economically weaker sections who are pursuing higher education in management.
The programme provides financial support toward tuition fees for eligible students enrolled in a two-year, full-time MBA, PGDM or equivalent programme at a designated partner institution.
📅 Important Dates
Scholarship: IDFC FIRST Bank MBA Scholarship Program 2026-28
Course: MBA/PGDM or equivalent
Study Level: First-year students
Scholarship Duration: Two years
Maximum Scholarship: ₹2,00,000
Annual Benefit: Up to ₹1,00,000 per year
Application Deadline: August 8, 2026
💰 IDFC FIRST Bank MBA Scholarship Amount
Selected students can receive financial assistance of up to ₹2 lakh for the entire two-year MBA/PGDM programme.
The scholarship is structured as:
First year: ₹1,00,000
Second year: ₹1,00,000
The second-year benefit is subject to the applicable scholarship conditions, including successful academic promotion to the second year.
The scholarship amount is intended to support institutional tuition fees.
🎓 Who Can Apply?
The scholarship is intended for students who have secured admission to an eligible two-year, full-time MBA, PGDM or equivalent management programme and meet the prescribed academic, financial and other conditions.
Applicants must be:
Indian nationals residing in India
Studying in the first year of the eligible programme
Enrolled in a two-year full-time MBA, PGDM or equivalent course
Studying at a designated partner institution
From a family meeting the prescribed income limit
📋 Eligibility Criteria
Applicants must satisfy all applicable eligibility requirements.
1. Indian Citizenship
The programme is open to Indian nationals residing in India.
2. MBA/PGDM Course
The student must be enrolled in the first year of a two-year, full-time MBA, PGDM or equivalent programme.
Students pursuing the following types of programmes are not eligible under the stated criteria:
Distance-learning MBA
Part-time MBA
Executive MBA
3. Age Limit
The applicant must be 35 years of age or younger on the date of submitting the scholarship application.
4. Family Income
The applicant's gross annual family income from all sources should not exceed ₹6,00,000.
Applicants must provide appropriate income documentation during the application process.
5. Partner College Requirement
The applicant must be enrolled in an eligible partner MBA college included in the scholarship programme's designated institution list.
Students should therefore verify their college's eligibility before completing the application.
6. Aadhaar-Linked Mobile Number
Applicants must have a functional mobile number linked with their Aadhaar card or applicable government identity document, as required for the application and verification process.
7. IDFC FIRST Bank Employee Restriction
The primary earning member of the applicant's family must not be an active employee of IDFC FIRST Bank.
📂 Documents Required
Applicants should prepare clear digital copies of the required documents before beginning the online application.
Admission Proof
One of the applicable documents confirming admission and course details:
College admission form
Allotment letter
Institutional ID card
Fee Receipt
A valid current academic-year college fee receipt is required to establish the applicable tuition fees.
Graduation Documents
Applicants may be required to provide:
Graduation degree passing certificate, or
Final consolidated graduation marksheet
Income Documents
Income proof may include:
Government-issued income certificate
Form 16
Recent salary slips
The income document should clearly establish the family's annual income.
Identity and Age Proof
Applicants should keep the following documents ready:
Aadhaar card
Birth certificate
Additional documents may be requested during the verification process.
📝 How to Apply Online
Eligible students can apply online through the official scholarship channels.
Step 1: Visit the Official Scholarship Page
IDFC FIRST Bank's educational initiatives page:
https://www.idfcfirst.bank.in/csr-activities/educational-initiatives/mba-scholarship
Step 2: Check Eligibility
Before starting the application, confirm that you satisfy the requirements relating to:
Course and year of study
Age
Family income
College
Nationality
Other eligibility conditions
Step 3: Complete the Application
Enter your personal, academic, family and financial information carefully.
Step 4: Upload Documents
Upload clear and readable copies of the required supporting documents.
Step 5: Submit the Application
Review all information before submitting the form. Make sure the information entered in the application matches your supporting documents.
🔎 Buddy4Study Application Portal
Applications may also be processed through the official Buddy4Study scholarship platform.
IDFC FIRST Bank MBA Scholarship:
https://www.buddy4study.com/page/idfc-first-bank-mba-scholarship
Applicants should use the official scholarship listing and follow the instructions provided on the application portal.
📅 Last Date to Apply
The stated last date for submitting an online application for the IDFC FIRST Bank MBA Scholarship Program 2026-28 is August 8, 2026.
Eligible students should submit their applications before the deadline and avoid waiting until the final hours.
🔍 Selection Process
Applications are reviewed based on the programme's eligibility and selection requirements.
The process may include:
Online application submission
Initial application screening
Document verification
Further verification or interaction, if required
Final selection
Scholarship disbursement
Students should keep their original documents available in case additional verification is required.
💳 Scholarship Disbursement
The scholarship provides financial assistance toward eligible institutional tuition fees.
The total scholarship support can be up to ₹2,00,000 over two years, with the annual amount subject to the applicable programme conditions.
The second-year scholarship is linked to the student's continuation and successful academic progression to the next year.
❓ Frequently Asked Questions
What is the IDFC FIRST Bank MBA Scholarship?
It is a need-based scholarship programme that provides financial assistance to eligible students pursuing a two-year full-time MBA, PGDM or equivalent management programme.
How much scholarship is provided?
Selected students can receive up to ₹2,00,000 for two years, generally structured as ₹1,00,000 per year subject to the applicable conditions.
What is the family income limit?
The gross annual family income from all sources must be ₹6 lakh or less under the stated eligibility criteria.
Can first-year MBA students apply?
Yes. The scholarship is intended for eligible students enrolled in the first year of a two-year full-time MBA, PGDM or equivalent programme.
Is an Executive MBA eligible?
No. Executive MBA programmes are excluded under the stated eligibility conditions.
Is a distance-learning MBA eligible?
No. Distance-learning programmes are not eligible.
What is the maximum age?
The applicant must be 35 years old or younger on the application date.
Can students from every MBA college apply?
No. Students must be enrolled in an officially designated partner institution.
What is the last date to apply?
The application deadline for the 2026-28 programme is August 8, 2026.
Where can I apply?
Applications can be accessed through the official IDFC FIRST Bank scholarship page and the Buddy4Study application portal:
https://www.idfcfirst.bank.in/csr-activities/educational-initiatives/mba-scholarship
https://www.buddy4study.com/page/idfc-first-bank-mba-scholarship
🎯 Key Points at a Glance
| Details | Information |
|---|---|
| Scholarship Name | IDFC FIRST Bank MBA Scholarship Program |
| Academic Year | 2026-28 |
| Course | MBA/PGDM or equivalent |
| Programme Duration | 2 years |
| Eligible Year | First year |
| Maximum Scholarship | ₹2,00,000 |
| Annual Scholarship | ₹1,00,000 |
| Family Income Limit | Up to ₹6 lakh per year |
| Maximum Age | 35 years |
| College Requirement | Designated partner institution |
| Nationality | Indian |
| Application Mode | Online |
| Last Date | August 8, 2026 |
🎓 Conclusion
The IDFC FIRST Bank MBA Scholarship Program 2026-28 provides an important opportunity for eligible students who need financial support to pursue management education.
With financial assistance of up to ₹2 lakh over two years, the programme can help reduce the burden of tuition fees for deserving MBA and PGDM students.
Students should carefully check the partner college list, family income requirement, age limit, course eligibility and document requirements before submitting their application.
Eligible students should complete the online application by August 8, 2026.
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