Overdraft Against Salary FAQs

ICICI Bank Flexi Cash is an overdraft against salary facility that allows salaried customers to withdraw funds as required and pay interest only on the amount utilized.

Yes, ICICI Bank Flexi Cash is a credit limit offered in the form of an revolving overdraft limit with flexible withdrawals and repayments. Customer can withdraw and repay the limit as per requirement and will be charged monthly interest only on the utilized amount.

A regular ICICI Bank personal loan has fixed EMIs, while ICICI Bank Flexi Cash allows flexible usage with interest charged only on the utilized amount.

Yes, ICICI Bank Flexi Cash is suitable for emergency or short-term financial needs due to instant access to funds.

Yes, once the withdrawn amount is repaid, the limit becomes available again for reuse.

Salaried individuals working with approved employers and meeting ICICI Bank’s income, age, and credit criteria are eligible.

Primarily yes. ICICI Bank Flexi Cash is generally offered to ICICI Bank salary account customers.

Yes, the employer profile and job stability are key factors in eligibility and limit assessment.

For pre-approved ICICI Bank Flexi Cash offers, no documentation is required.

No, ICICI Bank Flexi Cash is available only to salaried individuals.

Interest is calculated daily on the utilized Flexi Cash amount and charged only for the number of days the funds are used. Interest basis the utilization for the month, gets levied on 2nd working day of the next month. (for example- for OD limit used in March month, interest will be levied on 2nd April).

Interest rates may be slightly higher due to the flexibility offered by ICICI Bank Flexi Cash.

Yes, ICICI Bank may charge a processing fee along with applicable taxes as per prevailing terms.

Some ICICI Bank Flexi Cash facilities may include annual or renewal charges. Customers should refer to the latest schedule of charges.

No interest is charged on the unused limit and also there is no maintenance charges.

No, ICICI Bank Flexi Cash does not have a fixed EMI. Customers need to service the monthly interest regularly and manage repayments as per bank guidelines.

Repayments can be made via ICICI Bank Internet Banking, the iMobile Pay app, or account transfers.

Yes, partial and full repayments are allowed at any time.

ICICI Bank Flexi Cash is usually sanctioned for a defined tenure of 12 months and reviewed or renewed annually subject to acc. meeting the internal norms

Yes, ICICI Bank may review and enhance the Flexi Cash limit based on salary growth and repayment history.

No, ICICI Bank Flexi Cash is an unsecured overdraft facility based on salary and credit profile.

Yes, all ICICI Bank Flexi Cash transactions are protected through secure digital banking systems and authentication controls.

A job change may lead to reassessment, and in case customer doesn’t continue his salary relationship with ICICI Bank, they may be asked suspension, or for closure of the ICICI Bank Flexi Cash facility.

Customers can track usage, interest, and transactions through ICICI Bank Internet Banking or the iMobile Pay app.

Yes, service requests such as limit review or account modification can be raised through ICICI Bank customer care, branch visits, or digital channels.

ICICI Bank doesn’t allow conversion of Flexi Cash into a regular personal loan.

Customers can contact ICICI Bank Customer Care, visit the nearest ICICI Bank branch, or use in-app support options.

Customers should immediately raise a service request through ICICI Bank’s official support channels.

Yes, ICICI Bank Flexi Cash can be closed anytime after clearing all outstanding dues, without having to pay any pre-closure charges or penalty

There is no Pre-closure/ closure fee for Flexicash account.

Yes, timely repayment improves your credit score, while delays or defaults may negatively impact it.

Cash withdrawal options depend on account features and ICICI Bank’s applicable terms.

For larger or recurring expenses, ICICI Bank Flexi Cash may be more cost-effective as interest is charged only on the utilized amount.