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Merchant OD
To ensure the Merchant Ecosystem is well supported by our lending solutions as per their Ad-Hoc requirement, ICICI Bank is pleased to offer Unsecured Overdraft to our registered Merchants.
Merchant OD is a tailor-made overdraft that can be availed online within minutes, without the hassle of paperwork.
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Highlights & Features
- Pre-approved overdraft up to Rs 25 lakh, for existing customers
- Pay interest on the utilised amount
- Instant Limit setup for existing customers
- Minimal documentation
- No collateral required
- No commitment charges
- No prepayment/foreclosure charges
Merchant OD can be availed through
a) Corporate Internet Banking
b) InstaBiz mobile app
c) ICICI Bank website
To check your eligibility for the overdraft facility, please click here
In case you require any further information, please contact your Relationship Manager or visit the nearest ICICI Bank Branch.
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An interest rate of 16% per annum is charged.
No, the interest is charged only on the amount you utilise.
Yes, a processing fee of 2% of the loan amount is applicable
You can call on 1800-000123 Monday to Friday 09:30 a.m. to 06:00 p.m.
iBox is industry first initiative by ICICI Bank to make delivery of Cheque Book and Debit Card and Credit Card more convenient for our customers. It is a network of automated parcel delivery terminals that gives you the flexibility to pick-up your Bank deliverables like Cheque Book, Debit Card or Credit Card, 24x7. iBox terminals are strategically located at easily accessible locations at selected ICICI Bank branch near you.
- Network of automated parcel delivery terminals
- Convenience to pick up deliverables, 24x7
- No need to visit branch
- Enter registered mobile number and enter OTP in iBox
- Collect your package
OR
- Open link received in SMS to display QR code
- Scan QR code in iBox
- Collect your package
