MySavings Rewards - How it Works?

How do I get started?

If you are an ICICI Bank Savings Account customer, you will automatically start earning PAYBACK points from September 1, 2012 and your points will reflect in your Savings Account statement for the month of October. All you have to do as a Value Banking or Privilege Banking customer, is to maintain a MAB of Rs. 15,000 or above.


If you do not have an ICICI Bank Savings Account yet, all you have to do is fill up an online form, apply for an ICICI Bank Savings Account and you could start earning reward points on day to day transactions. All points that you earn under the ICICI Bank MySavings Rewards program are PAYBACK points.


Please Note: NRI and SEG customers are not eligible for this program.

How do I earn points?

ICICI Bank MySavings Rewards is built around you. It is designed to help you accumulate PAYBACK points for things that you already do. Be it Utility Bill Payment, Online Shopping, Home or Auto Loan EMI payment or even investing in Recurring Deposits - all these will earn you PAYBACK points that can be redeemed against exciting rewards from our partners.

You can earn points when you do any of the following:

Click on the circles below to know how you can earn points for each of the transactions.

  • Activate Internet Banking

  • Shop Online With Internet Banking

  • Set Auto Debit for Home Loan

  • Pay Bills With Internet Banking

  • Set Auto debit for Recurring Deposits

  • Activate iMobile

  • Shop on iMobile

  • Add members to Family Banking

  • Activate iDirect Account

  • Set Auto Debit for Auto Loan

  • Set Auto Debit for Personal Loan

  • Shop with
    Debit Card

  • Load Travel Card
    (Effective from April 01, 2013)

  • Outward Remittance
    (Effective from April 01, 2013)

  • Gold Loan
    (Effective from 1st Sept, 2013)

How can I keep track of my points?

Just log onto using your ICICI Bank Internet Banking user id & password and get an update on your points balance under the 'Reward points' section.


You can also check the 'points balance' on your ICICI Bank account statement (from October 2012) to know how many points you have accumulated or call our Customer Care.


Alternatively, you can call the PAYBACK Contact Center at 1860-258-5000 between 10:00 AM to 9:00 PM (Local call charges apply) or visit and login using your PAYBACK user id & password.


Click to know your PAYBACK number

What is PAYBACK?

PAYBACK is India's largest multi-brand loyalty program. All points that you earn under the ICICI Bank MySavings Rewards program are PAYBACK points.
Click to know your PAYBACK number

Can I club my 'MySavings Rewards' points with ICICI Bank Credit Cards PAYBACK points?

Yes! That's what makes this program so unique. No matter how and where you earn your PAYBACK points, they can be clubbed together under one PAYBACK id so you can redeem bigger and better rewards.

How do I redeem my points?

There are several ways to redeem your points.


You can login to your account on and check your points balance. To redeem your points, just click on 'redeem' and you'll be taken to the PAYBACK website. Here you can choose to redeem your points for a wide range of brands from various outlets


You can also shop on PAYBACK online partner websites like,, and others.. Select 'PAYBACK points' as payment option and enter your PAYBACK details


Don't want to go online? Just shop at any of the PAYBACK partner outlets like Central, Pantaloons,
Big Bazaar
and many others and ask for payment mode using PAYBACK points and swipe your PAYBACK card to redeem your points.


Click to know your PAYBACK number

What do I get for my PAYBACK points?

We have put together a whole range of partners reward points redemption options. Our partner - PAYBACK brings to you a wide range of brands and outlets where you can choose to redeem your PAYBACK points. From lifestyle products to household items to travel and auto accessories, we have them all. Click here to see a list of reward partners you can choose from.