Not a single rupee should be in a bank account! Still can withdraw money on need, this bank started this special scheme
If your Salary Account is in this bank, now you can avail the overdraft facility of the bank. Under the bank facility, customers can take up to three times the amount of their salary.
new Delhi. If your Salary Account is in this bank, now you can avail the overdraft facility of the bank. Under this facility, customers can take up to three times the amount of their salary. Its purpose is to protect ICICI Bank salary account holders from EMI or check bounce. For this, the bank will provide short-term instant credit. Customers can avail this facility by giving online application. Let us tell you how you can apply for this facility ..
What is an overdraft facility?
Government and private banks offer overdraft facilities. Most banks offer this facility on current account, salary account and fixed deposit (FD). Some banks also offer overdrafts in lieu of assets such as shares, bonds and insurance policies. Under this facility, you can take the money you need from the bank and later pay this money.
You can avail the benefits of this scheme in this way
1. Login to your Internet banking account. 2. Now go to the ‘Offers’ section. 3. Now check the pre-approved OD offer and then apply. Other features
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Not a single rupee should be in a bank account! Still can withdraw money on need, this bank started this special scheme
Not a single rupee should be in a bank account! Still can withdraw money on need, this bank started this special schemeNot a single rupee should be in a bank account! You can still withdraw money if needed
If your Salary Account is in this bank, now you can avail the overdraft facility of the bank. Under the bank facility, customers can take up to three times the amount of their salary.
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LAST UPDATED: SEPTEMBER 26, 2020, 5:48 AM IST
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new Delhi. If your Salary Account is in this bank, now you can avail the overdraft facility of the bank. Under this facility, customers can take up to three times the amount of their salary. Its purpose is to protect ICICI Bank salary account holders from EMI or check bounce. For this, the bank will provide short-term instant credit. Customers can avail this facility by giving online application. Let us tell you how you can apply for this facility ..
What is an overdraft facility?
Government and private banks offer overdraft facilities. Most banks offer this facility on current account, salary account and fixed deposit (FD). Some banks also offer overdrafts in lieu of assets such as shares, bonds and insurance policies. Under this facility, you can take the money you need from the bank and later pay this money.
You can avail the benefits of this scheme in this way
1. Login to your Internet banking account. 2. Now go to the ‘Offers’ section. 3. Now check the pre-approved OD offer and then apply. Other features
– Instant approval of overdraft facility: Customers get instant approval of OD facility without any documents.
– Active Credit Limit of OD: Bank gives credit limit up to three times the salary.
– Interest on the money used: Interest is only charged on the money that is actually used.
– Fixed rate interest: In FlexiCash, interest is calculated at a fixed rate.
– Flexibility in repair: Customers get the flexibility to clear the outstanding limit as per their convenience.
– No Foreclosure Charge: There is no foreclosure charge in repairing used OD amount.
Fees and Charges
– Processing fees: Starting from Rs 1,999 + GST
– Renewal fees: Flat Rs 1,999 + GST
– ROI: Between 12-14% per annum
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