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E-Mandi Current Account
The Mandi Current Account is designed for customers who have registered on the eNAM (National Agricultural Market) portal. It is a customised product offering in the form of the Mandi Current Account and specialised overdraft products with best-in-class features.
Benefits (icons)
- No charges for National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement (RTGS) payments and collections
- No limits on number of cheque leaves
- No minimum balance requirement
- Overdraft facility of up to Rs 5 crore
Features
- Higher cash and non-cash transaction limits across base and non-base locations
- Business Banking Debit Card with higher cash withdrawal limits across ICICI Bank ATMs
- Functionality to create separate login only for tax payments
- Connected Banking, a Corporate Internet Banking integration with leading accounting/Enterprise Resource Planning (ERP) softwares for ease of reconciliation
- Eazypay mobile application for seamless collections through UPI, QR Code, Internet Banking, Aadhaar Pay, Credit or Debit Cards
- No charges for Demand Draft issuance and SMS alerts
Eligibility
Customer has to provide the below documents in addition to KYC documents as a proof of Mandi trader registered in eNAM portal.
For Mandi customers (Mandi Traders and Commission agents):
- Valid and active Mandi Licence
- Proof of registration on eNAM portal
Value added services
- Door-step Banking and Cash Management Services: Services such as cheque pick-up, cash pick-up/delivery, cheque printing
- iPay: Bulk payments to multiple beneficiaries through RTGS, NEFT and Funds Transfer in a single file upload
- Bulk payments: Payment to Adhoc Beneficiary (PAB) and Payment to Registered Beneficiary (PRB) functionality
- E-collections: Ease of reconciliation, as it highlights name and details of payees in accounting statement
- Corporate Internet Banking (CIB) platform, a one-stop solution for all your digital banking needs
- InstaBIZ app with over 115 business banking solutions for banking on the move
- Business Banking Debit Card with higher cash withdrawal limits
- Eazypayapp and POS machine for collections through cards
- Access to a wide network of 5,200+ branches and 14,000+ ATMs at no extra charge
- BizCircle – A unique platform that connects your businesses with other business customers to grow and network
- Business compliments offers – Exclusive offers and deals from popular brands
Terms and Conditions apply.
