Category Archives: ICICI bank

ICICI bank customer can send Money by Twitter account

Posted in ICICI bank, Send and Receive money, Twitter by

Customers of ICICI Bank can use their Twitter account for real-time fund transfers, prepaid mobile recharges and to check bank balance.ICICI Bank has launched a facility which allows account-holders to transfer funds through Twitter.The user will have to subscribe (follow) the bank’s Twitter handle and register for the facility.
For fund transfer, the sender needs to know the beneficiary’s Twitter handle. The sender will get an SMS with a unique code after the transfer; the beneficiary would need to enter it on the special webpage where he/she would be directed, to complete the transaction.
It uses NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement) for the transfer and will soon be integrating IMPS (Immediate Payment Service) mode too.
Sender will have to pay the fees as applicable for a NEFT or RTGS transaction.

Beneficiaries who have account with another bank will have to put in that bank’s IFSC code to receive the payment.

Now get EMI facility on Debit Card : ICICI bank

Posted in Debit card, EMI, ICICI bank by

First time in Indian Banking History ICICI Bank announces the launch of EMI (Equated Monthly Installments) for its debit card customers. This will enable customers to convert their high value transactions into easy installments. With upcomming Festival season bank has taken this inative to get hold credit market/This facility allows ICICI Bank Debit Card customers who have a linked fixed deposit with their bank account to convert their high value transactions into easy installments.
Here are some of broader Features:
    No processing fee.
    Tenure option of 3, 6 ,9 and 12 months.
    Low interest rate of 13%(on reducing basis) for 3, 6, 9 and 12 month tenures.
    Currently facility available for all ICICI Bank Savings and select Current account category customers having a linked fixed deposit other than tax saver fixed deposits and PPF.
    EMI facility is applicable on all transactions above Rs.10,000 at participating stores.
    EMI conversion without the hassles of any paperwork.
    Exclusive tie up with Samsung in 9000 stores pan India (Smart phones, Tablets, Televisions, Refrigerators, Air – Conditioners, Microwave etc).
    Leverage your existing fixed deposits to convert big ticket purchases to easily manageable installments.
    Earn up to 6 PAYBACK points on transactions.
    Coming soon: EMI on Call, EMI facility at other partners across categories.
Process to avail of EMI facility:
    Customer does a transaction at participating partner stores and selects the tenure of EMI.
    Customer pays by ICICI Bank Debit Card and inputs the ATM PIN at specified terminals in the store.
    Transaction is authorized and conversion to EMI happens post successful validation of parameters.
    EMI conversion and reversal of amount in the account happens within 2 business working days after the transaction date.
    First installment will be deducted 30 days from reversal of the money in the account.
    Account statement will display the transaction with appropriate narration.