FlexiCash - Instant Overdraft Facility Against Salary

FlexiCash is a facility offered to ICICI Bank Salary Account customers, whereby they can avail a line of credit/ overdraft facility to meet unplanned or recurring expenses. It is designed to protect ICICI Bank Salary Account customers from missing their Equated Monthly Instalments (EMIs) or cheque bounces due to insufficient funds by providing short-term instant credit. Customers can easily avail of this facility by initiating their application online.

Check your pre-approved Insta Flexicash offer.

APPLY NOW

Flexicash - Instant Overdraft Against Salary, Apply for Overdraft Against Salary

How do I apply for Overdraft against my Salary account through Net Banking

FlexiCash is a facility offered to ICICI Bank Salary Account customers, whereby they can avail of a line of credit/ overdraft facility to meet unplanned or recurring expenses. It is designed to protect ICICI Bank Salary Account customers from missing their Equated Monthly Instalments (EMIs) or cheque bounces due to insufficient funds by providing short-term instant credit. Customers can easily avail of this facility by initiating their application online.

Features and Benefits
Fees and Charges

Features and Benefits

Features	Benefits
Pay only for what you use	Pay interest on the amount you use and for the period you use it for
Flexible Repayment	Flexibility to clear the outstanding limit at your convenience, only the interest due to be paid every month
Digital process for pre-approved customers	Avail of facility instantly by applying online with no documentation
Auto sweep-in facility	Reduced interest burden due to the auto sweep facility from the Salary Account to the overdraft account
Auto-enhancement and auto-renewal	Automated process of enhancement and renewal of overdraft limit
Pre-closure facility	Repay the amount whenever you want without any pre-closure charges

Fees and Charges

Processing fee: Starting at Rs 1,999 + Goods and Services Tax (GST)
Renewal fee: Flat Rs 1,999 + GST
ROI: Between 12% and 14% per year

For Example: If you have a FlexiCash limit of Rs 1,00,000 with ROI of 12.20% and you use Rs 10,000 for an urgent expense, you will have Rs 90,000 left for other purposes. If you repay Rs 10,000 after 15 days and have not used any more of the FlexiCash funds, your interest payable will be Rs 50.14.