Professional Documents
Culture Documents
(AUSAF ALI)
PREFACE
AUSAF ALI
PROJECT REPORT
ON
MARKET PROFILE AND PENETRATION
STUDY OF
ICICI BANKING
Submitted by:
AUSAF ALI
(Roll No: - 510729202)
MBA Semester VI
CHAPTER PLAN
SEC-1
1. OVERVIEW
2. ANYWHERE BANKING
3. ICICI CREDIT CARD
4. ICICI DEBIT CARD
5. ICICI BANKING
6. FIXED DEPOSITE
7. LOANS
8. MUTUL FUND INVESTMENT
Overview
ICICI Bank is India's second-largest bank with total assets of about
Rs.132,780 crore at September 30, 2004 and profit after tax of Rs. 873
crore in the half year ended September 30, 2004 (Rs. 1,637 crore in fiscal
2004). ICICI Bank has a network of about 470 branches and extension
counters and over 1,800 ATMs. ICICI Bank offers a wide range of banking
products and financial services to corporate and retail customers through a
variety of delivery channels and through its specialised subsidiaries and
affiliates in the areas of investment banking, life and non-life insurance,
venture capital and asset management. ICICI Bank set up its international
banking group in fiscal 2002 to cater to the cross-border needs of clients
and leverage on its domestic banking strengths to offer products
internationally. ICICI Bank currently has subsidiaries in the United Kingdom
and Canada, branches in Singapore and Bahrain and representative
offices in the United States, China, United Arab Emirates and Bangladesh.
ICICI Bank's equity shares are listed in India on the Stock Exchange,
Mumbai and the National Stock Exchange of India Limited and its
American Depositary Receipts (ADRs) are listed on the New York Stock
Exchange (NYSE).
At October 31, 2004, ICICI Bank, with free float market capitalisation*
of about Rs. 220.00 billion (US$ 5.00 billion
Anywhere Banking
ICICI Bank is the second largest bank in the country. It services a customer base of more than 5
million customer accounts through a multi-channel access network. This includes more than 400
branches and extension counters, over 1000 ATMs, Call Centre and Internet Banking.
Thus, one can access the various services ICICI Bank has to offer at anytime, anywhere and
from anyplace. To learn more about the various channels, please click on the topic of your
interest mentioned in the left menu.
ICICI BANK
CREDIT
CARD
Comprehensive Insurance for both primary and add-on Cards upto Rs. 20
lakhs.
A Card that offers special benefits to all members of your family starting with a Free
"Bandhan" add-on Card.
Comprehensive Insurance for both primary and add-on Cards upto Rs. 10
lakhs.
0% fuel surcharge
A set of accessories namely a Card casing, lanyard and key ring come
absolutely free with the Card.
Fabulous offers on Nike, Provogue, Cupid Jewellery from TBZ, Pizza Corner
and Rediff merchandise.
Click here to access privileges and super deals at the most happening
hotspots in your city.
ICICI Bank Easy Deposit Card is a card linked to you Fixed Deposit with ICICI
Bank. It boosts of some never before features making it the most powerful card in
the industry.
Special Features :
Only Indian card with the lowest ever interest rate of just 0.99% per month.
Lowest interest rate on cash withdrawal at just 1.49% (with Nil cash advance
fee at ICICI Bank ATMs)
Earn upto 5 reward points/ Rs100 with ICICI Bank unique Express Rewards
programme.
Get free insurance cover of upto Rs.20,00,000 on Gold and upto Rs. 10,00,000
on Silver card.
International validity.
Eligibility :
Minimum FD value Rs. 20,000 for Silver card and Rs. 40,000 for Gold card.
Bandhan
You can freely present a maximum of two add-on Cards to your wife, sister,
brother, parents or children above 18 years of age. To apply for this add-on Card,
referred to as "Bandhan", just call the ICICI Bank 24-hour Customer Care Centre
and place your request with an executive. A form will be sent to you. Also if you
have linked your Credit Card with your Internet banking User-id then you can
also place your request for an add-on Card online.
Travel Benefits
Now you can Card for business travel or leissure travel, railway/airline
reservations, hotel bookings, car rentals and even travel-related documentation,
without any worries. ICICI Bank has tied-up with International Travel House Ltd.
(ITH) to give you fabulous discounts. You can avail discounts of 3.5%* on basic
domestic airfares and 5%* on the basic international airfares, 20%* discount on
ITC and non-ITC hotels and 10%* discount on national car rental tariffs. What's
more get upto 5%* discounts on standard holiday and leisure packages including
Taj summer and winter holiday packages booked through ITH. You also get
Forex and Travel Cheque services on your Credit Card. Your ICICI Bank Credit
Card is a single window for all your travel needs. Just use your ICICI Bank Credit
Card at any ITH counters listed below.
Wide Acceptance
ICICI Bank Blue Cards are welcomed at all Merchant Establishments displaying
the VISA logo - over 1,10,000 and MasterCard logo - over 77,000 establishments
across India and Nepal and the Silver and Gold Cards are accepted globally by
over 22 million VISA Card and 22 million MasterCard accepting establishments.
Mobile alerts from ICICI Bank provides you with information on your ICICI Bank
Credit Card even when you are on the move. You would now no longer miss a
payment or exhaust your credit limit without a warning. Currently customers
having Internet Banking user-ids can subscribe to the alerts.
Photo-Card
You have the option of having your photograph and signature digitally imprinted
on the front of the Card. This provides you extra security at any of the merchant
establishments. In fact, it can be used as a proof of identification. In the interest
of your own security, we strongly recommend that you opt for a photo-Card. If
you had decided not to opt for a photo Card when applying, just call the ICICI
Bank 24-hour Customer Care Centre and place your request with the executive.
A form will be sent to you.
'Spend
Limit'
will
be
declined.
This monthly spending limit can be reset every billing cycle by just calling the
ICICI Bank 24-hour Customer Care Centre and place your request with the
executive. Your spend limit will be changed on-line and come in to force from the
next billing cycle.
Internet Banking
We understand the pressures on your time. To access information when you
need it, where you need it, we offer you access to ICICI Bank Credit Card related
information through the Internet on www.icicibank.com. You can do transactions
like accessing account information - current and last statement, getting your
payment status, viewing your monthly statement by email, request for a duplicate
PIN, record a change of address, order a draft, give auto debit instructions,
request for a replacement Card or an add-on Card, access and redeem online
from the Rewards catalogue, subscribe to statement by e-mail and mobile alerts.
Dial-A-Draft
To order a draft from the convenience of your home, simply call the ICICI Bank
24-hour Customer Care Centre and ask for a draft, payable anywhere in India
and favouring any company or individual (you can order a draft up to the
available limit cash limit on your account). The draft will be delivered to your
mailing address. For each draft request, a transaction fee of 1.0% of the amount
withdrawn, subject to a minimum of Rs 50, will be levied. However, for the Gold
Cardholders, no transaction fee will be levied. In addition to the transaction fee,
an interest charge will also be levied from the date of transaction to the date of
repayment. The amount of the draft will be billed in your monthly Credit Card
statement.
Utility Payments
You now have the convenience of paying your utility bills - telephone and mobile
phone bills through your ICICI Bank Credit Card.
Purchase Protection
Anything you buy on your ICICI Bank Credit Card is insured against damage or
loss due to fire or theft. You can claim the value of the product damaged or lost
within 90 days of date of purchase. Purchase Protection for our True Blue
Cardholders is Rs 10,000, Rs 20,000 for our Silver Cardholders and Rs 40,000
for our Gold Cardholders.
Pay only the minimum amount due (5% of the bill amount subject to a
minimum of Rs 100) and the balance can be carried forward to subsequent
statements.
Pay any amount ranging from the minimum amount due to the total amount
due.
offer you accident insurance, but in addition we also offer you purchase
protection, baggage insurance, hospitalisation and household insurance.
Comprehensive Insurance# For International Travel only
(Primary & Supplementary ICICI Bank Credit Card Members)
Sterling Silver
Insurance Benefits
True Blue
/ VISA
Solid Gold
Information
Electron
Personal Accident
Insurance
Personal Accident
Insurance
Air Accident
Rs. 3 Lakh
Rs. 10 Lakh
Rs. 1 Lakh
Rs. 2 Lakh
Rs. 5 Lakh
Insurance company).
This cover is available for
Cardholder
Air Accident
Nil
Rs. 3 Lakh
Rs. 6 Lakh
Nil
Rs. 1 Lakh
Rs. 2 Lakh
Household Insurance
Nil
Rs. 20,000
Rs.
Insurance company).
Available on household
Nil
Rs. 10,000
Rs.
Nil
Rs.
Rs.
Applicable in case of
(Primary
Purchase
Protection upto
Rs.
Rs.
Rs.
Cardholders only).
Available for a
90 days
purchase of tangible
goods on Card
against damage or
loss due to fire or
burglary. Protection
available only in
India.
Features
The ICICI Bank Ncash debit card is a debit-cum-ATM card providing you
with the convenience of acceptance at merchant establishments and cash
withdrawals at ATMs.
Balance
Savings Account
Rs 5,000
Eligibility
Resident Indian.
Documentation
Applicants must satisfy the following documentation requirements:
Identity proof
Self cheque (if the applicant is not visiting the branch for account opening)
Identity Proof
Verified true copy of valid passport
Or
Letter from existing bank
Or
Valid driving license
Or
ICICI BANK
DEBIT
CARD
DEBIT CARD
Combining the acceptability of a credit card and the prudence of an ATM
card, the ICICI Bank Debit card is a most convenient accessory for you.
No more fear of overspending.
No more searching for the nearest ATM.
Only more comfort and convenience!
With the ICICI Bank Debit Card you can shop using VISA Electron's
on-line debit program, and debit your ICICI Bank account directly
when purchasing goods or services at any shop displaying the
ICICI Bank/VISA Electron logo. ICICI Bank offers you the powerful
options of
Your ICICI Bank HPCL Debit Card comes packed with the following features:
Accepted at over 90,000 shops, more than 1,800 ICICI Bank ATM's and
more than 10,000 VISA ATMs all over India.
International card offering deposit access at over 13 million shops and &
VISA ATM's all over the world.
redeeming them for exciting gifts from our specially designed gift catalogue.To
redeem your points just call our 24 hour customer care centre on 1901 333 444
Refund of surcharge for fuel transaction
As an ICICI Bank HPCL debit cardholder, you get a refund of 2.5% or Rs.10/surcharge for fuel transactions done at HPCL pumps. Thus, more savings and
more convenience.
(*For transaction below Rs.400/- there will be a minimal charge of Rs.2/-, which
will be debited to cardholders account)
Transactions charges at Non ICICI Bank ATMs : Rs. 50/- for cash
withdrawal & Rs. 25/- for balance enquiry.
Combining the acceptability of a credit card and the prudence of an ATM Card,
the ICICI Bank Ncash Debit card is a most convenient accessory for you. No
more fear of overspending. No more searching for the nearest ATM. Only more
comfort and convenience! With the ICICI Bank Ncash Debit Card you can shop
using VISA Electron's on-line debit program, and debit your ICICI Bank account
directly when transacting at any VISA accredited member establishment or ATM
across the world!
The ICICI Bank Ncash Debit card comes packed with the following features:
Transactions charges at non ICICI Bank ATMs: Rs. 50/- for cash withdrawal
& Rs. 25/- for balance enquiry.
ICICI
BANKING
Banking Features
ICICI Bank.com offers variety of features to make a banking a pleasure.
Transfer funds online
Issue E-cheques to over 250 branches in 15 cities.
Balance Enquiry and Statement
Check out your last 10 transactions with a real time balance.
Transaction History
Check out past transactions from the date of opening your account.
Request for cheque book
Cheque book is delivered to your communication address on request.
Stop Payment Request
Issue instructions to stop payment of a particular cheque.
Open Fixed Deposit and Recurring Deposit account
Apply Online for Fixed Deposits and Recurring Deposits
2.1 Depositors are advised to keep the cheque books / statement of accounts in
a place of safety to ensure against misuse, contributing to negligence.
2.2 Duplicate statements are issued at the request of the customer for a fee.
Ordinarily, duplicate statements are issued only for a period not exceeding
36 months prior to date of request.
3. Payment of Interest
3.1 Interest is paid on the minimum credit balance maintained between the 10th
day and last day of each calendar month in Savings accounts at the rate in force
in accordance with RBI directives. Interest so calculated is rounded off to the
nearest rupee, ignoring fractions of a rupee. Interest is paid every half year in
September and March.
3.2 No interest is currently payable on the balance maintained in a current
account in acceptance with RBI directives.
For Senior Citizens
Features
Demand Loan / overdraft against deposits will be upto 90% of the deposit.
The upcountry cheque collection facility for locations with ICICI Bank
presence free of charge to the Senior Citizen customers.
The ICICI Bank Ncash debit card is a debit-cum-ATM card providing you
with the convenience of acceptance at merchant establishments and cash
withdrawals at ATMs.
Minimum Balance
Type of Account
Savings Account
Balance
Rs 5,000
A Fixed deposit with a minimum value of Rs.10,000 and avail zero balance
facility in the savings accounts
Non-maintenance of the minimum average quarterly balance attracts a fee
of Rs 750 per quarter.
Nomination
Documentation
Identity Proof
Verified true copy of valid passport
Or
Letter from existing bank
Or
Valid driving license
Or
Valid employee identity card
Or
Valid PAN card
Or
Valid photo credit card along with the current billing cycle (latest)
statement
Or
True copy of valid arms license issued by Govt of India/State
govts/Union territory with photograph
Or
Valid pension book
Or
Valid freedom fighter's pass issued Home Ministry of Government
of India
Or
Consumer gas connection card
Or
Certificate from ward officer, maintaining election roll, certifying
address of the applicant
Or
Latest certificate (not more than 3 months old) from the postal office
confirming address of the applicant
Or
Residential certificate mentioning name and address of the
applicant issued by municipal corporation/local body etc.
7-14 days
the begining of the but less than Rs.10.0 the beginning of the
Rs.1.5 mn
slab
mn
slab
N.A.
N.A.
3.75%
3.75%
3.00
4.00%
4.00%
3.25%
3.25%
4.50%
4.50%
3.50%
3.50%
4.50%
4.50%
4.50%
4.75%
4.75%
5.00%
5.03%
5.00%
5.03%
5.50%
5.61%
5.50%
5.61%
6.23%
5.75%
6.23%
7.27%
6.25%
7.27%
15-45 days
3.00%
46 to 60 days
61 to 90 days
91 days & above
upto 180 days
181 days & above
upto 1 year
More than 1 year
upto 3 years
4.50%
More than 3
years upto 5
5.75%
years
More than 5 years
upto 10 years
6.25%
7-14 days
the begining of the but less than Rs.10.0 the beginning of the
Rs.1.5 mn
slab
mn
slab
N.A.
N.A.
4.25%
4.25%
3.50%
4.50%
4.50%
15-45 days
3.50%
46 to 60 days
3.75%
3.75%
5.00%
5.00%
61 to 90 days
4.00%
4.00%
5.00%
5.00%
5.00%
5.25%
5.25%
5.50%
5.54%
5.50%
5.54%
6.00%
6.14%
6.00%
6.14%
6.82%
6.25%
6.82%
7.95%
6.75%
7.95%
5.00%
More than 3
years upto 5
6.25%
years
More than 5 years
upto 10 years
6.75%
FIXED
DEPOSIT
FIXED DEPOSIT
Fixed Deposit Features
Wouldn't you like a Fixed Deposit that allows you to deposit your money for just
as long as you wish? Our Fixed Deposit allows you just that - deposits can be
opened for periods ranging from 15 days to 10 years.
Other features include:
Choice of two investment plans:
Traditional
Reinvestment
Minimum Balance
You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs
10,000 and thereafter in multiples of just Rs 1,000.
Nomination
The Card will be issued in the name of primary depositor. No separate card will
be issued to joint applicant/s
Easy withdrawal
Under this option fixed deposit shall be linked to the debit card directly
The debit card can be used to withdraw money from the ATM, by breaking
the FD, as and when required or depositor can use the debit card to shop.
If the deposits are prematurely withdrawn, the interest rate for the period
for which deposit was with the ICICI Bank prevailing on date of deposit
made, shall be payable
Easy Loan
The depositors shall be provided with an overdraft facility against the Easy
FD and can draw up to 75% of the Easy FD value
The interest rate on the overdraft will be 2% higher than the rate on the FD
Benefits
Traditional
Reinvestment
Interest Rates
Resident Indians: Interest rates* for deposits less than Rs. 1 Crore
7-14 days
the begining of the but less than Rs.10.0 the beginning of the
Rs.1.5 mn
slab
mn
slab
N.A.
N.A.
3.75%
3.75%
3.00%
4.00%
4.00%
15-45 days
3.00%
46 to 60 days
3.25%
3.25%
4.50%
4.50%
61 to 90 days
3.50%
3.50%
4.50%
4.50%
4.50%
4.75%
4.75%
5.00%
5.03%
5.00%
5.03%
5.50%
5.61%
5.50%
5.61%
6.23%
5.75%
6.23%
7.27%
6.25%
7.27%
4.50%
More than 3
years upto 5
5.75%
years
More than 5 years
upto 10 years
6.25%
7-14 days
the begining of the but less than Rs.10.0 the beginning of the
Rs.1.5 mn
slab
mn
slab
N.A.
N.A.
4.25%
4.25%
3.50%
4.50%
4.50%
15-45 days
3.50%
46 to 60 days
3.75%
3.75%
5.00%
5.00%
61 to 90 days
4.00%
4.00%
5.00%
5.00%
5.00%
5.25%
5.25%
5.50%
5.54%
5.50%
5.54%
6.00%
6.14%
6.00%
6.14%
6.82%
6.25%
6.82%
7.95%
6.75%
7.95%
5.00%
More than 3
years upto 5
6.25%
years
More than 5 years
upto 10 years
6.75%
The Card will be issued in the name of primary depositor. No separate card will
be issued to joint applicant/s
Easy withdrawal
Under this option fixed deposit shall be linked to the debit card directly
The debit card can be used to withdraw money from the ATM, by breaking
the FD, as and when required or depositor can use the debit card to shop.
If the deposits are prematurely withdrawn, the interest rate for the period
for which deposit was with the ICICI Bank prevailing on date of deposit
made, shall be payable
Easy Loan
The depositors shall be provided with an overdraft facility against the Easy
FD and can draw up to 75% of the Easy FD value
The interest rate on the overdraft will be 2% higher than the rate on the FD
The depositor shall be required to execute all loan facility documentation
as specified by ICICI Bank for these purposes
Chequebook will also be issued to deposit holder
Benefits
Traditional
Reinvestment
Identity Proof
Verified true copy of valid passport
Or
Letter from existing bank
Or
Valid driving license
Or
Valid employee identity card
Or
Valid PAN card
Or
Valid photo credit card along with the current billing cycle (latest) statement
Or
True copy of valid arms license issued by Govt of India/State govts/Union
territory with photograph
Or
Valid pension book
Or
Valid freedom fighter's pass issued Home Ministry of Government of India
Demat Features
E-instruction
Issue your transfer instructions online from your very own desktop.
Holding Statement
View your real time share holdings at any time.
Transaction Statement
View your share transactions history.
ISIN Look up
View 12 digit International Security Identification No. for any scrip available in
dematerialised form.
Settlement Calendar
View the pay in and pay out dates of all market types across exchanges.
Customer Ledger and bills
View bills paid and the charges debited within selected time period.
DEMAT SERVICES
LOANS
LOANS
Attractive interest rates
The loan must terminate before or when you turn 65 years of age or
before retirement, whichever is earlier.
Land loan
The loan must terminate before or when you turn 65 years of age or
before retirement, whichever is earlier.
The loan must terminate before or when you turn 65 years of age.
The loan can be for the purchase / construction / extension of a nonresidential property.
The loan must terminate before or when you turn 65 years of age or
before retirement, whichever is earlier.
Sanctioning
Documents
Passport size photograph.
Age verification: PAN card, Voters ID, Passport, License.
5 years
8.5%
2052
10 years
8.5%
1240
15 years
8.5%
985
20 years
8.5%
868
0% Processing fee
Admin fee - 0.5% of loan amount (plus applicable service tax)
Applicable ROI
10.50%
10.50%
1350
10.50%
1106
Applicable ROI
10.00%
5 years
2125
10.00%
1322
10.00%
1075
10 years
15 years
Commercial Properties
Fixed rate
Tenure
Applicable ROI
10.50%
5 years
2150
10.50%
1350
10.50%
1106
10 years
15 years
Processing
fee - 0.5%
Applicable ROI
Interest
FRR -0.25%
(Rs.)
8%
5 years
2028
FRR -0.25%
8%
10 years
1214
FRR -0.25%
8%
15 years
20 years
956
FRR -0.25%
8%
837
0% Processing fee
Admin fee - 0.5% of loan amount (plus applicable service tax)
Rate of
Applicable
Interest
ROI
FRR +1.5%
9.75%
5 years
2113
10 years
FRR +1.5%
9.75%
1308
15 years
FRR +1.5%
9.75%
1060
Residential Properties
Adjustable rate
Tenure
9.25%
5 years
FRR +1.00%
FRR +1.00%
2088
9.25%
1281
FRR +1.00%
9.25%
Commercial Properties
1030
10 years
15 years
Adjustable rate
Tenure
9.75%
5 years
FRR +1.50
2113
FRR +1.50
9.75%
1308
FRR +1.50
9.75%
1060
10 years
15 years
Processing fee - 0.5% of loan amount (plus applicable service tax).
PERSONAL LOAN
Loans for salaried & self employed individuals.
Loans are available from Rs. 20,000 to Rs. 15 Lakhs.
Repayment tenures from 12 - 60 months.
No Security,Collateral or Guarantors required.
Loans can be used for any purpose with no questions asked regarding the end
use of the loan.
A balance transfer facility available for those who want to retire any higher debt.
All loan repayments are done via equated monthly instalments (EMI).
Eligibility
Criteria
Age
Net Salary
Salaried
25 yrs. - 58 yrs.
Net annual income - Rs.
Eligibilty
96,000 p.a
60,000 p.a
Employees of Public Ltd. Doctors, MBA's, Architects,
Self - Employed
25 yrs. - 65 yrs.
Net Profit after tax - Rs.
MNCs Or Government.
Manufacturers
1 Year
3 Years
1 Year
1 Year
Documentation
Documents ( Pre Sanction)
Latest 3 months Bank Statement (where salary/income is
credited)
Latest 2 salary slips
Last 2 years ITR with computation of income / Certified
Financials
Proof of Turnover (Latest Sales / Service tax returns)
Proof of Continuity current job (Form 16 / Company
appointment letter )
Proof of Continuity current profession (IT Returns /
Salaried
Yes
card
Proof of Residence (any one) Ration Card / Utility bill /
LIC Policy Receipt
Proof of Office (any one) Lease deed / Utility bill /
Employed
Yes
Yes
Yes
Yes
Yes
Yes
Self
Yes
Yes
Yes
Yes
Yes
Yes
Govt employees
Prepayment of the loan is possible after 180 days of availing the loan.
An ICICI Bank Ltd. representative will contact you to service your loan
requirements.
Please do not send any payment via cash/ cheque with your application.
Kindly ensure that all Post Dated Cheques are Drawn in favour of "ICICI
Bank Limited", duly filled in all respects and endorsed "Account Payee
only".
CAR LOAN
The # 1 financier for car loans in the country.
Largest network of more than 1100 Direct Sales Agencies in over 520 locations.
Tie-ups with all leading automobile manufacturers to ensure the best deals.
Flexible schemes & quick processing.
Hassle-free application process on the click of a mouse.
All loans at the sole discretion of ICICI Bank Ltd.
An Overdraft facility - An Overdraft limit / Cash upto 90% of the assessed
value of your vehicle.
Interest Charged only on utilization - Interest is charged only on the amount
utilized and the time period utilized for. In case of non- utilization of the funds
no interest will be charged.
Flexible Repayment - No fixed Equated Monthly Installments , every month
pay only minimum 5% of the total utilization of the overdraft facility.
An HPCL Debit Card : which allows you to transact at any VISA Merchant
outlets who have electronic swipe machines. You can also use this card to
withdraw cash from any ICICI Bank ATM.
A Roaming Current account - with the facilities of Any Where Banking & NIL
Minimum Balance requirement.
Multicity Cheque Book - We value your time and money. Your cheques will be
treated as local cheques at over 100 centres across India.
Internet Banking : effect fund transfers , accesses your statements , pay your
bills etc.from the place of your convenience.
Phone Banking : carry out basic banking operations over the telephone
National Accesses - access to 450 branches and 1750 ATMs.
Eligibility
Car Loans
Particulars
Salaried
Self-
Individual
Employed
Individual
Age Criteria
The applicant
Partnership
Firm
Any Proprietor,
companies
should have
director above
Ltd Co
Limited
Private / Public
been in
-
existence for at
least 2 years
Gross annual
Firm should
Minimum PAT
1 lakh p.a
Rs 60,000
tax) income of
Rs 60,000
Alternate Income proofs
Credit Card Scheme : Submit the last 4 billing statements of a premium credit
card that you hold and you can be free from any income documentation.
Repayment Scheme : If you have availed of a car loan/ home loan from a leading
financier, bank, or finance company, all you need to do is provide us the
repayment record. You need not provide your income proof under this scheme.
No Income Proof Scheme : If you are a self-employed individual who has been in
business for at least 3 years and own a house or office, this special scheme is
designed for you. No need to provide your income details under this scheme.
Car Overdraft
Salaried Individual
Above 21 years of
Self-Employed
Partnership
Individual
Firm
Any Proprietor,
or director above 21
loan's maturity
years
minimum PAT
60,000 p.a.
Loan Amount
New car
The Loan amount also depends on the car model. Higher loan amounts
are available under specific enhanced income eligibility criteria.
Used car
Loan Enhancement
To enhance your loan amount, the certified income of the co-applicant can
be considered, if requested by the applicant.
Car Loans
We offer most competitive interest rates in the industry.
Interest rates depend on Car model, Loan Tenure, Customer & Location.
Processing Fee
o New Car Loans - NIL
o Used Car Loans - Rs.750/- on loans below Rs.1.01 lakhs
Documentation
Salaried
Individual
Self-Employed
Individual
Private / Public
Partnership Firm
Ltd Co
Application form
Application form
Application form
Application form
Photograph
Photograph
Photograph of
Guarantor's
signing partner
photograph (for
private limited
company only)
Proof of bank
One proof of
account continuity
(audited account or
ITRs + CA certified
financials)
One proof of
residence (driving
license / voters'
identity card /
Partnership deed
ration card /
passport / utility
bills for the last 3
months)
One proof of
One proof of
Partners authority
Board resolution
identity (driving
residence (driving
letter
(format available
license / voters'
license / voters'
identity card /
identity card /
passport / PAN
ration card /
passport / utility
months)
One proof of
residence
(laminated driving
license / voters'
identity card /
/ Shops and
Registration)
on request)
months / company
ID - limited
company or
government /
PAN
card)
No Dox
No Income Proofs required. All you need to provide is your residence proof and
proof of your Identity for a loan amount upto 70% of On Road Price.
Funding up to 70% of On Road Price repayable over a period up to 30 months.
Documents required -> Only Identity Proof & Residence Proof.
Instant 60 %
Looking for a Spot Loan?
Then Instant 60 % is the right choice for you.A highly flexible on the spot
approved loan scheme designed just for you.
A Loan amount up to 60% with Minimum Interest Rates and a repayment plan of
36 months.
Documents required -> Only Identity Proof & Residence Proof.
Passbook
A unique scheme through which you can use your Bank Account Continuity of
last 6 months along with other documents to speed up the processing of your
loan & drive home the two wheeler of your choice.
Funding up to 85% of On Road Price repayable over a period up to 36 months.
Documents required ->Identity Proof, Residence Proof & copy of Bank
Statement / Passbook.
Flash CC
No Income Proof required and Loan approval within 1 hour.
A unique channel for Credit Card holders. Use your Credit Card to make the
Down Payment for this pre approved loan scheme and drive off your two
wheeler.
Funding up to 90% of the On Road Price repayable over a period up to 36
months.
Documents required -> Identity Proof, Residence Proof & copy of Credit Card.
Flash BS
Instant Approval Scheme
Just bring the copy of your Credit Card, your Credit Card billing statement for
last 2 months and minimize documentations under this pre approved loan
scheme. You have the choice of making your down payment by cheque/cash.
Funding up to 85% of the On Road Price repayable over a period up to 36
months.
Documents required -> Identity Proof, Residence Proof & copy of Credit Card
statements.
Maxi Loan
Looking to make the minimum down payment? Maxi loans is the right choice for
you. Make minimum down payment and get maximum loan amount upto 95% on
the basis of stable income proofs.
Funding up to 95% of the On Road Price repayable over a period up to 36
months.
Documents required -> Identity Proof, Residence Proof & Income Proof.
Privilege
If you have an excellent repayment track record of any previous loan, use it for
fast and speedy processing of your loan through this scheme. Privileges just for
you.
Funding up to 85% of the On Road Price repayable over a period up to 36
months.
Eligibility Criteria
ICICI Bank Two Wheeler Loans are available to : 1.
2.
3.
4.
5.
6.
Salaried Individuals
Self Employed Individuals
Pensioners, Housewives & Students
Partnership Entities
Private Limited Companies
Public Limited Companies
Eligibility
Salaried
Self Employed
Minimum Age
21 yr.
21 yr.
Maximum Age*
60 yr.
65 yr.
Rs. 3,500/-
Documentation
Documents
Normal
Maxi
No
Loan
Dox
Schemes
Instant Flash Flash
50 %
CC
BS
PrivilegePassbook
Identity Proofs
Residence Proof
Income roof
Post Dated Cheques
Copy of Credit Card
CC billing statement
Bank passbook
No objection
Certificate
Self Employed: Provide one from each of the following
Identity Proof
Residence Proof
Income Proof
Bank Statements
Latest Income
Last 3 months Bank
Voter's Identity card
Driving License
Tax Return
Statement
Driving License
Passport
Passport
Voter's Identity card
Employers Identity
Photo copy of Ration
Card
Photo copy of Ration
Card
Card
Telephone Bill
Electricity Bill
Municipal Bill
Credit Card
Statement
Mutual
Funds
Investments
At ICICI Bank we will help you identify an appropriate mix of Mutual Fund
schemes for your portfolio using asset allocation strategies.
Through ICICI Bank you can invest in various schemes of multiple mutual funds
with decent performance record. You can take the aid of our various research
reports on mutual funds and their schemes before choosing a scheme for
investment.
Many of these officers also hold professional degrees like - MBA, CA, ICWA,
CFA etc.
Risk Diversification
Diversification reduces risk contained in a portfolio by spreading it. It is about not
putting all your eggs in one basket. As mutual funds have huge corpuses to invest
in, one can be part of a large and well-diversified portfolio with very little
investment.
Convenience
With features like dematerialized account statements, easy subscription and
redemption processes, availability of NAVs and performance details through
journals, newspapers and updates and lot more; Mutual Funds are sure a
convenient way of investing.
Liquidity
One of the greatest advantages of Mutual Fund investment is liquidity. Openended funds provide option to redeem on demand, which is extremely beneficial
especially during rising or falling Markets.
Reduction in Costs
Mutual funds have a pool of money that they have to invest. So they are often
involved in buying and selling of large amounts of securities that will cost much
lower than when you invest on your own
Tax Advantages
Investment in mutual funds also enjoys several tax advantages. Dividends from
Mutual Funds are tax-free in the hands of the investor (This however depends
upon changes in Finance Act). Also, capital gain accrued from mutual funds
investments for period of over one year is treated as long term capital
appreciation and is taxed at a lower rate of 10% without benefit of indexation or
20% with benefit of indexation.
Other Advantages
Indian Mutual fund industry also presents several other benefits to the investor
like: transparency - as funds have to make full disclosure of investments on a
periodic basis, flexibility in terms of needs based choices, very well regulated by
SEBI with very strict compliance requirements to investor friendly norms.
MOBILE BANKING
With ICICI Bank, Banking is no longer what it used to be. ICICI Bank offers
Mobile Banking facility to all its Bank and Credit Card customers. ICICI Bank
Mobile Banking enables you to bank while being on the move.
ICICI Bank Mobile Banking can be divided into two broad categories of facilities:
Alert facility : ICICI Bank Mobile Banking Alerts facility keeps you informed
about the significant transactions in your Accounts. It keeps you updated
wherever you go.
Request facility : ICICI Bank Mobile Banking Requests facility enables you
to query for your account balance.
Request Facility
ICICI Bank Mobile Banking Requests enable you to query for account information
or perform bank transactions. You can query for your account balance, request for
the last 3 transactions, order for new cheque book, inquire for a cheque status, issue
a stop cheque request, change of primary account and make payment for your bills
under this facility.
If you hold an ICICI Bank HPCL Debit Card, you can also query your Debit Card
Reward Points by just sending a SMS Request.
Alert Facility
Under ICICI Bank Mobile Banking Alerts, you get alerted when the events you
have subscribed for get triggered. You can subscribe for receiving SMS alerts
when your salary gets credited, an amount over a specified amount gets
debited / credited, your balance falls below / goes above a specified limit or when
a cheque bounces.
Under the Alert facility, you will get alerts only when the events you have
subscribed for gets triggered unlike the Request facility where you can request
for information as and when you desire.
Request Facility
Alert Facility
The Request facility enables you to check your Credit Card Balance, fetch
Reward Points for Redemption, view details of Last Payment, and get Payment
Due Date.
On subscription to Credit Card Alerts, you get alerted when the events you
have subscribed for get triggered. You can subscribe for receiving SMS alerts
for Due Date reminders, and when you are approaching your credit Limit.
Under the alert facility, you will get alerts only when the events you have
subscribed for gets triggered unlike the Request facility where you can
request for information as and when desired.
Demat Services
With Mobile Banking you have an option to remain updated while you are on the
move, without even having to make a phone call or a visit or logging on the
Internet.
ICICI Bank Mobile Banking for Demat Accounts can be divided into two broad
categories:
Request Facility
Alert Facility
The registration is common for both facilities. Call our ICICI Bank Phone Banking
numbers
and register your mobile number. The facility is completely FREE. You are not
charged a single rupee by ICICI Bank for alerts received by you.
Request Facility
Through this facility, you can query for demat account information in respect of
your demat account anytime at your convenience. You can do the following under
the facility.
Enquire for :
1.
2.
3.
4.
Holdings
Transactions Status
Bill Details
ISIN Search
Alert Facility
Through this facility, you will receive an SMS alert when shares have got debited
from or credited in your account or if there is an issue with your transfer/pledge
instruction or dematerialisation/rematerialiastion request.
Charges:
All ICICI Bank Mobile Banking services are currently FREE.
For charges on sending SMS Request to ICICI Bank, please check with your
mobile phone Service Provider.
All updates of the fees would be put up on this section for your reference. ICICI
Bank reserves the right to to change the charges for this facility.