- ICICI Bank has launched the 'Insta FlexiCash' facility for the Salary Account customers to get approval for an Overdraft instantaneously and in a paperless manner. It is the end-to-end fully digital facility, that can be availed by using the Bank’s internet banking platform.
- ICICI Bank - Insta FlexiCash Facility,
- The facility comes handy to lakhs of the Bank’s pre-approved customers who can apply for the OD from the comfort of their home, without visiting a bank branch.
- The facility can be sanctioned immediately while customers can start using the approved OD limit within 48 hours.
- The interest payable on the OD is calculated on the basis of the actual amount availed by the customer, not on the full amount of the OD sanctioned.
- Highlights,
- Instant approval for an overdraft facility.
- Extensive credit limit of OD: The Bank offers customers a credit limit worth up to three times their net salary.
- Only pay for what you use.
- The flexibility of repayment.
- No foreclosure charges.
- The convenience of auto-renewal.
- Hassle-free auto sweep-in facility.
- How Customers Can Avail This Facility,
- Log in to your internet banking account
- Navigate to the ‘Offers’ section
- Check your pre-approved OD offer and apply
source: icici
Published On : 16 Jun 2020
Current Affair
