IDFC FIRST Bank MBA Scholarship Program 2026-28: Apply Online for ?2 Lakh Financial Assistance

Published Date: June 2026

The IDFC FIRST Bank MBA Scholarship Program 2026-28 is a valuable initiative aimed at supporting deserving students pursuing management education in India. The scholarship provides financial assistance of ?2 lakh to eligible first-year MBA students from economically weaker backgrounds, helping them complete their postgraduate studies without financial burden.

Students enrolled in selected MBA colleges across India can apply online before the application deadline.

About IDFC FIRST Bank MBA Scholarship Program 2026-28

The scholarship is designed to assist talented MBA students whose family income is limited. Through this initiative, IDFC FIRST Bank seeks to promote higher education and empower future business leaders by reducing financial constraints.

Selected students will receive a total scholarship amount of ?2,00,000, distributed over the two-year MBA course.

Scholarship Overview

Scholarship Benefits

Selected candidates will receive:

• Total Scholarship Amount: ?2,00,000

• ?1,00,000 per year for two years

• Financial support for tuition fees and educational expenses

• Opportunity to pursue MBA education without significant financial stress

Eligibility Criteria

Applicants must fulfill the following conditions:

Nationality

• Must be an Indian citizen.

• Must be residing in India.

Academic Eligibility

• Must be enrolled in the first year of a full-time 2-year MBA program (Class of 2026).

• Must be studying in one of the MBA colleges approved under the scholarship program.

Income Criteria

• Gross annual family income from all sources should not exceed ?6,00,000 per year.

Aadhaar Requirement

• Applicant must have a valid mobile number linked with Aadhaar.

Eligible MBA Colleges

Applicants must be enrolled in an MBA institution included in the approved list published on the Buddy4Study scholarship portal.

Candidates are advised to check the complete list of eligible colleges before applying.

Documents Required

Applicants may need the following documents during the application process:

• Passport-size photograph

• Aadhaar Card

• MBA Admission Proof

• College ID Card

• Fee Receipt

• Family Income Certificate

• Previous Academic Mark Sheets

• Bank Account Details

• Mobile Number Linked with Aadhaar

How to Apply?

Follow these simple steps:

Step 1

Visit the official scholarship application portal.

Step 2

Register using your email ID and mobile number.

Step 3

Complete the scholarship application form carefully.

Step 4

Upload all required supporting documents.

Step 5

Review the application details before submission.

Step 6

Submit the application successfully and save the confirmation receipt for future reference.

Important Dates

Selection Process

The selection of candidates may be based on:

• Academic performance

• Family income status

• Verification of documents

• Eligibility criteria fulfillment

• Scholarship committee evaluation

Why Apply for This Scholarship?

Financial Support

Receive up to ?2 lakh to support your MBA education.

Reduced Educational Burden

Focus on academics and career development without worrying about financial challenges.

Career Growth

Complete your MBA from a reputed institution with financial assistance from a leading private bank.

Important Points

• Only students studying in approved MBA colleges are eligible.

• Family income should not exceed ?6 lakh annually.

• Applications submitted after the deadline may not be considered.

• Ensure all information provided is accurate and supported by valid documents.

Frequently Asked Questions (FAQs)

What is the scholarship amount?

Selected students will receive ?2,00,000 over two years, distributed as ?1,00,000 per year.

Who can apply?

First-year students enrolled in a full-time 2-year MBA program at eligible colleges.

What is the family income limit?

The annual family income should not exceed ?6,00,000.

What is the last date to apply?

The last date for application submission is 08 July 2026.

Final Words

The IDFC FIRST Bank MBA Scholarship Program 2026-28 is an excellent opportunity for deserving MBA students to receive financial assistance and pursue higher education without financial hardship. Eligible candidates should apply before the deadline and ensure all required documents are submitted correctly.

Students are encouraged to complete the application process as early as possible to avoid last-minute issues.