savings business
Merchant OD

Merchant OD

To ensure the Merchant Ecosystem is well supported by our lending solutions as per their Ad-Hoc requirement, ICICI Bank is pleased to offer Unsecured Overdraft to our registered Merchants.

Merchant OD is a tailor-made overdraft that can be availed online within minutes, without the hassle of paperwork.

Highlights & Features

  • Pre-approved overdraft up to Rs 25 lakh, for existing customers
  • Pay interest on the utilised amount
  • Instant Limit setup for existing customers
  • Minimal documentation
  • No collateral required
  • No commitment charges
  • No prepayment/foreclosure charges

Merchant OD can be availed through

a) Corporate Internet Banking

b) InstaBiz mobile app

c) ICICI Bank website

To check your eligibility for the overdraft facility, please click here

In case you require any further information, please contact your Relationship Manager or visit the nearest ICICI Bank Branch.

FAQs for Instant Merchant OD

What is the interest rate charged?


An interest rate of 16% per annum is charged.

Do I have to have a fixed EMI every month?


No, the interest is charged only on the amount you utilise.

Is processing fee applicable? If yes, what is the amount charged?


Yes, a processing fee of 2% of the loan amount is applicable

In case of any assistance required, whom do I contact?


You can call on 1800-000123 Monday to Friday 09:30 a.m. to 06:00 p.m.

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