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.

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