The bank’s inception dates back to 1955, driven by the World Bank’s initiative, aiming to establish a robust financial institution that would facilitate medium-term and long-term project funding for Indian enterprises. Notably, in 1999, ICICI Bank achieved a significant milestone by becoming the inaugural Indian company and non-Japan Asian bank to secure a listing on the New York Stock Exchange.
The year 2001 marked another pivotal moment for ICICI Bank when it successfully merged with both ICICI Personal Financial Services Limited and ICICI Capital Services Limited. The Bank caters to different segments of customers and provides products and services suitable to every segment.
Different Products and Services Provided by ICICI Bank
The different products and services provided by ICICI Bank are:
- ICICI Bank Deposits
- ICICI Bank Loans
- ICICI Bank Cards
- ICICI Bank Investment Options
- ICICI Bank Insurance
- ICICI Bank Banking Services
ICICI Bank Deposit Accounts
ICICI Bank has a variety of deposit options. Savings Accounts for prudent financial management, current accounts for business transactions, and term deposits for the rainy day.
ICICI Bank Savings Account
The variants under the ICICI Bank Savings Account are given below. The savings account can be opened by Individuals, HUFs, and foreign nationals residing in India.
Type of Account | Primary Features |
Digital Savings Account | Online account opening in secondsPaperless processRound-the-clock banking servicesA virtual debit card issuedCan apply for fixed deposit, PPF, loans, etcFunds transfer and payment of utility bills permittedThe transaction limit will be Rs. 1.00 lac in a yearCan be converted into a Regular Savings Account by completing KYC within a year |
Regular Savings Account | AMB: Rs. 10000 in urban and metro areas, Rs. 5000 in semi-urban areas and Rs. 2500 in rural areasA Titanium debit card provided ICICI Bank net banking and mobile banking services availableFree ICICI Bank passbook |
Silver Savings Account | AMB: Rs. 2500015% rebate on locker rentTitanium debit card providedA Money multiplier option is availableFree ICICI Bank passbookPayable at-par cheque book facilityFree ICICI Bank net banking, mobile banking and SMS alerts |
Gold Privilege Savings Account | AMB: Rs. 5000020% discount on locker rentICICI Bank passbook facilityFree ICICI Bank net banking, mobile banking, and SMS alertsFree e-statements |
Silver Salary Account | Zero-balance accountUnlimited free ATM transactions at ICICI Bank ATMsFree NEFTFree SMS alertsWelcome kit with debit card and cheque bookPersonalised cheque book facility |
Other ICICI Bank Savings Accounts
Titanium Privilege Account | Online Trading and Demat Account |
Gold Salary Account | Titanium Salary Account |
Defence Salary Account | Select Plus Salary Account |
PayLater by ICICI Bank | Pension Account |
Retire Happy-Gold Savings Account | Retire Happy-Titanium Savings Account |
Retire Happy-Wealth Savings Account | Campus Power Account |
ICICI Bank Current Account
The variants of ICICI ‘s current account are given below: The account can be opened by individuals, Proprietorship and Partnership Firms, and Private Companies.
Type of Account | Primary Features |
Smart Business Account 2.0 Ivy | AMB: Rs. 1.00 lakhBusiness Banking Debit CardUnlimited cheque leavesFree cheque collection and payment across the countryFree NEFT/RTGS/IMPSDedicated Relationship ManagerChoice of account numberFree ICICI Bank net banking-Corporate |
Super Merchant Current Account | AMB: NilInstant settlement for POS transactionsConversion of the offline store to an online store with Easypay Android POSPre-approved Overdraft facility |
Trade Basic | AMB: USD 5000 or Rs. 50000Minimum Rs. 10000 on trade transactionsFree non-cash transactionsE-Advices, E-Swift, Trade alert, e-statement |
Other ICICI Bank Current Accounts
Small Business Account 2.0 Gold | IStart Up 2.0 |
Trade Gold | Trade Platinum |
E-Mandi | Escrow |
ICICI Bank Cards
Debit cards and credit card facilities are provided by the bank. The card variant is customised and issued according to the account held by the customer. Some of the popular debit and credit cards are:
Debit Cards
- ICICI Bank Platinum Debit Card
- ICICI Bank Coral+ Debit Card
- ICICI Bank Titanium Debit Card
- ICICI Bank Expression Debit Card
- ICICI Bank Sapphire Debit Card
- ICICI Bank Smart Shopper Silver Debit Card
Credit Cards
- ICICI Bank Coral Contactless Credit Card
- ICICI Bank Rubyx Credit Card
- ICICI Bank Sapphire Credit Card
- Amazon Pay ICICI Bank Credit Card
- MakeMyTrip ICICI Bank Platinum Credit Card
ICICI Bank Loans
ICICI Bank has a loan structure for every requirement. It could be for personal purposes, for creating an asset or for business development. The variants of ICICI Bank loans are:
Type of Loan | Primary Features |
Home Loan | For construction/purchase of a house, the purchase of a flat, repairs and renovations to existing property, etc. The different types of home loans are: Housing LoanAmount: Depends on project cost and the repayment capacity of applicantTenure: Maximum 30 yearsPre-approved Home LoansFor individuals having a salary account in the bankAmount: Up to Rs. 3.00 croresTenure: 30 yearsExpress Home LoansAmount: Up to Rs. 5.00 croresTenure: 30 yearsExtra Home LoanRepayment extension up to 67 years of age with a 20% additional loan amountAmount: Up to Rs.2.00 croresTenure: Up to 67 years of age of the applicantHome Loan Balance TransferTransfer of home loan balance in other banks to ICICI bankAmount: Up to Rs. 1 croreTenure: 20 yearsTop-up LoanFor customers who have transferred home loans from other banks to meet personal requirementsTenure: Up to 20 years |
Car Loan | Purpose: For the purchase of a new car or pre-owned car Amount: 100% of the on-road price for new cars and 100% of the offer price for pre-owned carsTenure: 7 years maximum |
Personal Loan | Purpose: To meet personal as well as business requirements Amount: Up to Rs. 50.00 lacs. Minimum monthly salary of Rs. 30000 stipulated Repayment: 1 to 6 years |
Education Loan | Purpose: To pursue higher studies inland as well as studies abroad. The amount covers tuition fees, boarding and lodging expenses, the purchase of books and a computer, and the cost of an air ticket Amount: Maximum Rs. 50.00 lacs for inland studies and Rs. 1.00 crore for studies abroad Tenure: Up to 8 years plus 6 months for postgraduate course loans without collateral security. Up to 10 years plus 6 months for postgraduate course loans with collateral security. Up to 5 years plus 6 months for graduation loans without collateral security and 7 years plus 6 months for loans with collateral security. Â |
Commercial Business Loans | Term Loans GST Business Loan Amount: Up to Rs.2.00 croresTerm LoansAmount: Depends on projected cash flowBusiness Loans without financialsAmount: Up to Rs. 1.00 croreBusiness Loan with CGTMSEAmount: Up to Rs. 2.00 crores. Overdraft Insta Secured OD facilityAmount: Rs. 15 lacs to Rs. 1.00 croreOverdraft against FDs to CorporatesAmount: Up to Rs. 10.00 CroresInsta OD PlusAmount: Up to Rs. 25.00 lacs to new customers and Rs. 50 lacs for existing customersInsta OD for Savings AccountAmount: Up to Rs. 5 lacsBusiness Loan Select OverdraftAmount: Rs. 15.00 lacs. Tenure: Up to 7 years for term loans and 1 year for overdraft. |
ICICI Bank Investment Options
ICICI Bank provides investment options by way of term deposits. The variants of term deposits are discussed below. The ICICI Bank interest rates on domestic deposits range from 4.75 p.a.to 7.10% p.a. depending on the tenure. Senior citizens will get an additional 0/50% p.a. The interest rates for FCNR deposits range from 2.75% to 5.85% depending on the tenure and currency.
Type of Account | Primary Features |
Regular Fixed Deposit | Minimum deposit Rs. 1000Tenure: 7 days to 10 yearsOverdraft facility up to 90% of the deposit balancePremature and part withdrawals permittedOnline account opening possible |
Golden Years Deposit for Senior Citizens | Scheme for individuals 60 years and aboveSingle deposit less than Rs.2.00 croresAddition 0.10% interest p.a.over existing additional rate of 0.50% for FD of 5 years and 1 day to 10 yearsPremature withdrawals permitted with a penalty as per guidelines |
Flexi FD for Current Account Customers | FD linked to current accountAmount over and above Rs. 1.05 lacs converted to Flexi FD to earn interestSweep-in and Sweep-out facility availableFD rate as applicable to regular FD on the date of auto-renewal |
Tax Saver FD | For tax deduction benefits under Section 80C of the IT Act 1961Maximum investment Rs. 1.50 lacsTenure: 5 yearsInterest earned is taxable |
Recurring Deposit | Investment accepted in fixed monthly instalments Minimum investment: Rs. 500Tenure: 6 months to 10 years |
Other ICICI Bank Term Deposits
Money Multiplier FD | FD Xtra |
NRE FD Account | NRO FD Account |
NRO Tax Saver | Rupee Plus |
ICICI Bank Banking Services
The various Banking Services provided by the bank for the convenience of its customers are:
- ICICI Bank net banking and mobile banking: For hassle-free online transactions like funds transfer, bank statements, request inga cheque book, managing debit and credit cards, etc
- IPal: IPal is for bank queries, locating ATM/branches, applying for a product, checking account balance, checking offers, recharges, and funds transfer
- SMS Banking: To get your account balance or ICICI Bank statement send an SMS to 9215676766 or 5676 766
- Missed Call Service: To check your account balance give a missed cal to 9594 612 612
- WhatsApp Banking: Say Hi on ICICI Bank WhatsApp number 91 86400 86400 and get various services like balance checks, mini statements, account statements, cheque book requests, cheque status enquiries, etc.
ICICI Bank Customer Care
You can get your queries resolved by contacting the ICICI Bank Customer Care team in the following ways
- Call the ICICI Bank Customer Care Number 1800 1080
- Customers travelling abroad can call the ICICI Bank Customer Care Number at +91-22-33667777
- You can also call the backup ICICI Bank Customer Care Number 1860 120 7777
ICICI Bank FAQ’s:-
Individuals, HUFs, and foreign nationals residing in India can open an ICICI Bank Savings Account.
If the AQB or AMB stipulation is violated, the bank charges a penalty for every occasion depending on the type of account maintained.
Yes. You can avail overdraft facility against your ICICI Bank fixed deposit.
Yes. The bank provides ICICI Bank Net Banking and Mobile Banking for all its customers for convenient banking.
ICICI Bank passbook is issued to all ICICI Bank Savings Account customers.