IDFC FIRST Bank MBA Scholarship 2021-23

Organisation : IDFC FIRST Bank & Buddy4Study
Scholarship Name : IDFC FIRST Bank MBA Scholarship 2021
Applicable For : First Year MBA degree Students
Applicable State / UTs : All India
Application Last Date : 02.09.2021
Website : https://www.buddy4study.com/page/idfc-first-bank-mba-scholarship

IDFC FIRST Bank MBA Scholarship

IDFC FIRST Bank MBA Scholarship is a scholarship program run by IDFC FIRST Bank to financially support MBA students enrolled into the first year of a two-year full-time MBA course in the academic session 2021-23.

The students selected for this scholarship program are awarded with INR 1 lakh per year to cover tuition fees of their MBA program.

Eligibility

IDFC FIRST Bank Scholarship applicants must fulfil the following eligibility criteria
** The applicants must be Indian Nationals residing in India only.

** Applicable for students enrolled in first year of 2-year MBA program of starting batch of current financial year.
** Applicants should be enrolled in any of the MBA colleges mentioned in the list attached in the FAQ section.

** The gross annual family income of the applicants from all sources should be less than or equal to INR 6 lakhs per annum.
** Candidates should be 35 years of age or younger at the date of application.

How Can You Apply?

Eligible candidates can apply for the scholarship through the following steps

Steps :
Step 1 : Visit the IDFC FIRST Bank MBA Scholarship 2021-23 application link by clicking on ‘Apply Now’ button.

Related / Similar Scholarship : IDFC First Bank Scholarship for MBA Students 2022

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’.

Benefits

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

Documents

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

1. Personal information documents
** Applicant’s Photograph
** Identity Proof (Aadhar Card, Voter ID Card, Driving License)
2. Admission related documents
** Admission Letter (With name of institution, admission year and batch)
** Copy of Fee Receipt

3. Academic record documents
** Copy of Graduation marksheet/passing certificate
4. Income Proof (any one)
** Copy of Salary Slip (Parents)
** Copy of Income Tax Returns (Form 16A)
** Income Certificate issued by relevant government authority (Tehsildar or Magistrate)

5. Other Documents (If applicable)
** Disability certificate
** Loan sanction letter
** Death certificate, if there is a death of the sole earning member of the immediate family
** Document of any other scholarships received for pursuing MBA

Terms & Conditions

** The Scholarships are open for studies in India and for Indian Nationals only.

** The Candidates applying for the scholarship under this program should be pursuing MBA and/ or would be applying for MBA during the academic year 2021-22.

** The amount of Scholarship that will be provided under this program will be a maximum of INR 1 Lakh per student, per academic year and the scholarship amount will be only towards tuition fees of the scholars. It will be disbursed to the college account only.

** The gross annual family income, i.e. annual income of the parents/guardians from all sources should not be more than INR 6 Lakh per annum. Students having the lowest family income shall be given preference in the ascending order.

** Applicants pursuing 1-year executive program, integrated MBA program or any other MBA program other than 2-year full-time MBA/PGDM program are not eligible for this scholarship.

** Candidates will be required to upload documents, e.g. Income Tax Returns of their parents/guardian(s) or in the alternative, Bank Statements of parents/guardian(s).

** The final acceptance of the proposed candidates shall be on the basis of internal due diligence and checks done by the IDFC FIRST Bank Selection Panel and will be at all times subject to its management decision.

** The final disbursement of Scholarship amount to the applicant’s college/university shall be on the basis of the fee receipt evidencing part payment, submitted by the applicant.

Receipt of the balance amount paid towards fees out of the Scholarship disbursed, shall be produced to the IDFC FIRST Bank immediately on payment thus being made.

Further, these fee receipts shall be retained with the beneficiaries and submitted along with other documents for availing the Scholarship for the consecutive academic year, as the case may be.

** The candidates who are selected for the Scholarship will be intimated by the IDFC FIRST Bank via email.

** The scholarship application is open to only those desirous candidates who have all the requisite certificates and mark-sheets at the time of making the application. No provisional application will be entertained on any undertaking to the effect or otherwise that certificates and/or required documents will be furnished at a later stage.

** As there shall be only 350 beneficiaries granted the scholarship under this program, IDFC FIRST Bank reserves the right to stop the application process post achieving the final number of scholarships to be granted in a particular year, hence there will be no due date for closing applications.

** Once awarded it’s mandatory for the scholars to attend all IDFC FIRST Bank events pertaining to the scholarship.