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THE
ORANGE
HUB

Blog
2 mins Read | 1 Week Ago

How is Campus Power different from an ordinary Study Abroad finance portal?

How is Campus Power different from an ordinary Study Abroad finance portal?

Are you a student who aspires to pursue graduation or post-graduation abroad? Or a parent looking for guidance or advise in selecting courses and institutions for your child? Or do you run an institute that is looking to streamline the overall student enrolment process? In today’s digital age there several online platforms that offer guidance to students and parents for higher education but do not provide a complete plan. Campus Power, offered by ICICI Bank is the only digital platform that offers a holistic solution to different requirements for students, parents and institutes.

Let's get to know some of the advantages of Campus Power and understand how it is different from ordinary Study Abroad portals:

Financial Services:

For Students and parents

  • Students and parents can apply for an iSmart Education Loan that offers financial support for students' higher studies. Whether the child wants to enrol for a new course in India, the US, UK, Canada, Australia or Germany, you can avail an Education Loan of up to Rs 1 crore

  • Did you know you can claim tax benefits on the interest paid under Section 80E of the Income Tax Act? To know how much tax rebate you are entitled for, you can use the tax benefit calculator available on Campus Power. This online tool is a great option to know tax exemption as per your tax slabs in a few minutes

  • Parents/students can now send money overseas from India or vice versa through outward and inward remittances. Using the digital platform, you can use Money2world for transferring funds internationally or Money2India to send money from a foreign country to India. Also, there's no need to have a bank account with ICICI Bank

  • Often when you are traveling overseas for studies, it is necessary to have the currency of the country. Doing foreign exchange every time can be a daunting task. Instead, students can apply for an ICICI Bank Forex Prepaid Card using the tool, select the currency they want and carry out transactions without any worry

  • Overseas travel insurance is an ideal way to get financial assistance in case of flight cancellation, lost baggage, hospitalisation cover etc. While studying abroad, students can ensure financial support for their health issues by investing in Health Insurance

  • Parents who want to accumulate savings for higher studies for their children can also initiate investments in Mutual Funds using the Campus Power platform.

For Institute:

  • Payments and Collections: To simplify the student payment and collections of documents, ICICI Bank's Campus Power portal offers features such as iFee+, EazyPay and Cashless Campus

  • Insurance: Not just payments, educational universities and institutes can also offer employee cover by investing in Group Health Insurance, Employee-Employer Insurance or Fire and Property Insurance from the Campus Power platform itself

  • Corporate Credit Cards: Apply for ICICI Bank Corporate Credit Cards, Purchase Card or Business Card readily to manage expenses and purchases under one platform

  • Loans: Avail Overdraft (OD) against Fixed Deposit online through ICICI Bank Corporate Internet Banking (CIB). Institutes can apply for OD of up to Rs 10 crores

Value-added services:

ICICI Bank has collaborated with entities like IDP, Casita, British Council and EaseMyTrip to ensure that student and parent queries are resolved with proper guidance. The Campus Power is also an ideal platform to seek expert counselling services, online test preparation services and admission counselling for students and parents.

So, if a student wishes to take admission for PG or any other course in India or overseas, Campus Power digital platform is here to provide end-to-end assistance to students, parents and institutes. To know more, visit https://www.icicibank.com/campus-power.

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