ICICI Bank Launches Online Overdraft Facility For MSME Customers

Posted on:13 Mar 2018 16:20:55
ICICI Bank Launches Online Overdraft Facility For MSME Customers
13 March 2018 Current Affairs: ICICI Bank has launched instant overdraft ‘InstaOD’ facility for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner. Customers can get overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the bank’s Internet and mobile banking app.

The new facility will enable a few lakh of pre-qualified current account customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents.

ICICI Bank will also offer the facility for instant online sanction of the overdraft facility to MSME customers of other banks shortly.
ICICI Bank has launched instant overdraft ‘InstaOD’ facility for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner. Customers can get overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the bank’s Internet and mobile banking app.

The new facility will enable a few lakh of pre-qualified current account customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents.

ICICI Bank will also offer the facility for instant online sanction of the overdraft facility to MSME customers of other banks shortly.

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