An Escrow account is a secure Account where a third party holds funds or assets until the terms of an agreement are fulfilled. Transactions are carried out based on a legal agreement, where terms and conditions are predefined to operate the Account.
Quick processing with simplified documentation
View fund flow and transaction requests through Corporate Net Banking (CIB)
Dedicated Escrow team to facilitate smooth operations
Open and operate multiple accounts for deals using a waterfall mechanism
Seamless GST and Bill Payments on the go
Instant sanction for Loans and Overdrafts
Manage all merchant products and services at one place
Import-export solutions allowing 24/7 transactions
Flexibility to pay via Fund Transfer, UPI and Pay to Contact
Error-Free GST payments with auto-fetch option
Maker-Checker facility for secure transactions
Import-export transactions 24/7, with trade online
Integrated banking and accounting for easy auto-reconciliation
BizPay360 for bulk payments
Yes, you can open an Escrow Account without having any existing relationship with ICICI Bank.
To open an Escrow Account with ICICI Bank, you may visit any ICICI Bank branch or submit your details on our website and we will contact you.
At ICICI Bank, we cater to a wide range of Escrow transactions. Some of the benefits of opening an Escrow Account with ICICI Bank are:
To avail of ICICI Bank CIB facility, you may contact your Relationship Manager.
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