Grow your business with our Working Capital & Term loans, simplify trade with our Integrated Trade platform for import and export, and boost cash flow with seamless collections through instant POS & QR solutions, digital solutions with InstaBIZ and Corporate Internet Banking - all in one account.
Dedicated relationship team | Tailored solutions
Trade solutions | Priority services
Easy payments | Digital Solutions
Working capital and loans for business growth
Embedded trade features
Settlement all 365 days with our smart POS and QR solutions
Multiple GST challan payments with a single click
Access to digital solutions: InstaBIZ and Trade Online
For daily business banking needs
For property sale and purchase, mergers and acquisitions
For RERA registered residential/ commercial and plot development projects
To safeguard foreign currency earnings against exchange rate movements
For government suppliers, vendors and contractors
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Flexibility to pay via Fund Transfer, UPI & Pay to Contact
Import-Export solutions allowing 24x7 transaction
Manage all merchant products and services at one place
Instant sanction for Loans and Overdrafts
Seamless GST and Bill Payments on the go
BizPay360 for bulk payment
Integrated banking and accounting for easy auto-reconciliation
Import-Export transactions 24x7, with Trade Online
Maker-checker facility for secure transactions
Error-free GST payments with auto-fetch option
Current Account is a bank account for people who run businesses, specially designed for carrying out day-to-day business transactions easily. The deposit in a Current Account can be withdrawn by the depositor at any time. The depositor is at liberty to operate this account multiple times a day. This account is generally opened by entrepreneurs, firms, companies and traders. Click here
You can open a Current Account with ICICI Bank using any of the below ways:
| Savings Account | Current Account | |
|---|---|---|
| Meaning | Meant for savings | Meant for business purposes |
| Suitable for | Any Indian resident can open this account | Firms, companies, traders and entrepreneurs who need to access their accounts frequently |
| Transactions allowed | Limited transactions | Multiple transactions |
| Interest earned | 2.5% per annum (usually) | No interest |
| Minimum Balance | Usually low | Usually high |
| Overdraft facility | Not offered/ allowed | Overdraft facility provided |
Current Accounts do not pay interest on your balance. They are designed to facilitate transactions and provide easy access to funds. If you are looking to earn interest, you may opt for a Savings Account or a Fixed Deposit.
Yes, you can enroll in any programme if you fulfil the eligibility criteria for that programme.
No, there is no separate account for merchants and traders. Merchant and Trade solutions are embedded in the current account and programmes.
Yes, individuals are eligible to open a Current Account with ICICI Bank. A Current Account is useful for those who need to handle multiple transactions and maintain liquidity. The Bank offers both business and individual accounts with different features and advantages.
Absolutely. You can have more than one Current Account as it can help manage financial aspects like segregating personal and business transactions. Just ensure that you fulfil the balance criteria for each of your Current Accounts.
Yes, an ICICI Bank Current Account includes an ATM Card. With this Card, you can withdraw cash, check your balance and carry out transactions at ATMs and Point-of-Sale (POS) terminals.
The CAA (Current Account with Advantages) is a specialized type of current account offered by ICICI Bank. This account type is designed to provide enhanced features and benefits such as higher transaction limits, access to multiple banking services, and tailored solutions for businesses that require advanced financial management. It is ideal for businesses looking for additional perks and features beyond the standard current account.
Documents required for current account opening generally include identity proof, address proof, PAN, business registration documents and photographs of authorised signatories. Additional documents may be required depending on the constitution of the business entity. To know the details of required documents for Current Account, click here.
Current account opening is available for proprietorships, partnership firms, LLPs, private limited companies, public limited companies, trusts and other registered business entities. Individuals engaged in business activity may also be eligible as per bank guidelines. To know more about the eligibility criteria, click here.
Yes, Individual and Sole proprietor businesses registered under Udyam can open a current account by submitting the Udyam registration certificate along with other required KYC and business documents, subject to the bank’s verification process.
