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BEST FOR

Secure, multi-mode payouts

  • Multi-Payment Options

  • Web Cheque Writing

  • Secure File Uploads

  • Real-time Tracking

About Payment Solutions

What are ICICI Bank’s Payment Solutions for Corporates?

ICICI Bank offers a comprehensive suite of digital and physical payment solutions tailored for corporates. From single and bulk payments to dividend disbursements and bill payments, our platform enables secure, efficient, and scalable disbursements using Corporate Internet Banking, InstaBIZ, API and host-to-host integrations.

How can corporates manage single and bulk payments with ICICI Bank?

Corporates can initiate single or bulk payments via RTGS, NEFT, IMPS, or cheque/DD issuance through secure platforms like Corporate Internet Banking and InstaBIZ. Single file uploads, real-time tracking, and authorization workflows make payment management seamless and error-free.

What is Bharat Connect and how can it benefit my business?

Bharat Connect is an NPCI-regulated bill payment platform integrated with ICICI Bank’s digital channels Corporate Internet Banking & Instabiz app, enabling corporates to manage utility and other recurring bill payments centrally. There are over 21000+ billers from more than 26 categories to pay from. Additional benefits includes real-time payment confirmations, MIS reports, auto-pay options & No convenience fee on bill payments.

Can ICICI Bank’s payment solutions be integrated with ERP systems?

Absolutely. ICICI Bank offers seamless ERP integration for automated data flow, enabling corporates to initiate payments directly from their ERP systems. This minimizes manual errors and accelerates payment processing.

What are the benefits of using ICICI Bank corporate payment solutions?

Absolutely. With bulk payment solutions, you can schedule salary, vendor, and dividend payouts via NEFT, RTGS, IMPS, or even cheque/DD modes, all through secure, encrypted file uploads.

Are physical instruments like cheques and DDs still supported?

Yes, ICICI Bank supports both electronic and physical disbursement modes. Web-based cheque writing, DD issuance, dynamic signature printing, and payable-at-par cheques across branches are available for corporates requiring traditional instruments.

FAQs

How do I initiate bulk payments using ICICI Bank’s platform?

You can initiate bulk vendor or salary payments through Corporate Internet Banking or Host-to-Host connectivity. Simply upload a single payment file and leverage flexible approval workflows for secure, high-volume payouts.

What security measures are in place for payment processing?

ICICI Bank uses advanced security protocols including encrypted data transfers, host-to-host connectivity, multi-level authorizations, and real-time tracking to ensure secure payment processing.

Can I schedule recurring or future-dated payments?

Yes, the platform supports payment scheduling, allowing corporates to pre-schedule disbursements such as salaries, vendor invoices, ensuring timely execution and better cash flow management.

What payment modes are supported for bill payments under Bharat Connect?

Bharat Connect supports multiple payment modes including UPI, IMPS, NEFT, Net Banking, Debit/Credit cards, Wallets, Bharat QR, and cash via offline touchpoints like branches or agents. Through CIB or Instabiz , we offer current account for debit

How does the approval workflow work in ICICI’s corporate payment platforms?

Our platforms offer customizable maker-checker workflows with multi-level approvals. Corporates can define user roles and control payment authorizations at each stage for different payment types and modes.

Are there MIS and reconciliation reports available?

Yes, ICICI Bank supports both electronic and physical disbursement modes. Web-based cheque writing, DD issuance, dynamic signature printing, and payable-at-par cheques across branches are available for corporates requiring traditional instruments.

How fast is the settlement for bill payments?

Bill payments are instant, and confirmation is provided to users on a real time basis.

Can I use ICICI Bank’s payment solutions if I operate across multiple locations?

Yes. ICICI Bank’s payment suite supports centralized payments with the ability to disburse funds or pay bills across geographies using a single file upload, ensuring convenience for corporates with a multi-location presence.

What is the convenience fee charged for paying a bill?

ICICI Bank doesn’t charge any convenience fee for paying a bill or making a recharge.

Can I set my utility bills on auto pay ?

Yes , Users can set the bills on auto pay. The auto pay is triggered 3 days before due date. Auto pay can also be set on early payment date for billers which offer early pay discounts on early payments dates.

I am not able to view my biller. Why is this happening?

Given below are possible reasons for a biller not being found

The biller is not onboarded on Bharat Connect?

The biller is newly added to Bharat Connect and not updated at ICICI Bank’s end. In this case, please try again after a few days.