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E-Mandi Current Account

The Mandi Current Account is designed for customers who have registered on the eNAM (National Agricultural Market) portal. It is a customised product offering in the form of the Mandi Current Account and specialised overdraft products with best-in-class features.

 


Benefits (icons)

  • No charges for National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement (RTGS) payments and collections
  • No limits on number of cheque leaves
  • No minimum balance requirement
  • Overdraft facility of up to Rs 5 crore

Features

  • Higher cash and non-cash transaction limits across base and non-base locations
  • Business Banking Debit Card with higher cash withdrawal limits across ICICI Bank ATMs
  • Functionality to create separate login only for tax payments
  • Connected Banking, a Corporate Internet Banking integration with leading accounting/Enterprise Resource Planning (ERP) softwares for ease of reconciliation
  • Eazypay mobile application for seamless collections through UPI, QR Code, Internet Banking, Aadhaar Pay, Credit or Debit Cards
  • No charges for Demand Draft issuance and SMS alerts

 

Eligibility

Customer has to provide the below documents in addition to KYC documents as a proof of Mandi trader registered in eNAM portal.

For Mandi customers (Mandi Traders and Commission agents):

  • Valid and active Mandi Licence
  • Proof of registration on eNAM portal

 

Value added services

  • Door-step Banking and Cash Management Services: Services such as cheque pick-up, cash pick-up/delivery, cheque printing
  • iPay: Bulk payments to multiple beneficiaries through RTGS, NEFT and Funds Transfer in a single file upload
  • Bulk payments: Payment to Adhoc Beneficiary (PAB) and Payment to Registered Beneficiary (PRB) functionality
  • E-collections: Ease of reconciliation, as it highlights name and details of payees in accounting statement
  • Corporate Internet Banking (CIB) platform, a one-stop solution for all your digital banking needs
  • InstaBIZ app with over 115 business banking solutions for banking on the move
  • Business Banking Debit Card with higher cash withdrawal limits
  • Eazypayapp and POS machine for collections through cards
  • Access to a wide network of 5,200+ branches and 14,000+ ATMs at no extra charge
  • BizCircle – A unique platform that connects your businesses with other business customers to grow and network
  • Business compliments offers – Exclusive offers and deals from popular brands

Terms and Conditions apply.