Escrow Account

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.

Project financing Sale and purchase transactions

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Why choose our Escrow Account for fund management?

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

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Escrow Account FAQs

I don’t have an Account with ICICI Bank, can I still open an Escrow Account?

Yes, you can open an Escrow Account without having any existing relationship with ICICI Bank.

How do I open an Escrow Account with ICICI Bank and whom do I contact?

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.

What are the benefits of opening an Escrow Account with ICICI Bank?

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:

Quick turn-around-time for closure of agreements.
Instant Account Number generation and easy Account opening.
Dedicated and experienced product, legal and operations teams to manage deals.
Robust support desk to manage end-to-end implementation.

I don’t have ICICI Bank CIB facility. How can I avail the same?

To avail of ICICI Bank CIB facility, you may contact your Relationship Manager.

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