Are you a fintech, start-up and payment intermediary looking for one-stop solution for your banking needs? We at ICICI Bank cater to your Nodal Account requirements which will help smoothen your banking operations.
Salient features of opening Nodal Account with us:
Transparency: When a separate account is maintained, the customers, as well as the merchants, have more transparency of all the transactions.
Security: Both the vendors and the customers are completely secured with these accounts. All discrepancies are easily detected and rectified because these accounts are audited. The intermediaries cannot control the flow of funds unless complying with all the legal regulations.
Audit and Regulatory Reporting: Accounts will be regulated through monthly auditing and quarterly RBI reporting to ensure compliance.
Real-time Payments: Advance payment solutions will facilitate real-time payments to registered beneficiaries.
Documentation: Simplified KYC documentation.
Nodal Accounts FAQs
How do I open a Nodal Account with ICICI Bank and who do I contact?
What are the benefits of opening a Nodal Account with ICICI Bank?
Some of the benefits of opening a Nodal Account with ICICI Bank are listed below:
- Real-Time reconciliation and MIS
- Secured payment to validated beneficiaries
- Regulatory reporting
- Robust support desk to manage end-to-end implementation
Do I need to submit documents to the branch for transactions done on Nodal Account?
There is no need to submit physical documents in case the transaction is initiated through the online platform. However, you may be required to submit documents in case it is required by any regulator.
I don’t have ICICI Bank Corporate Internet Banking (CIB) facility. What should I do?
ICICI Bank CIB view facility will be given by default with the Nodal account. You can find out your login ID by clicking here. To upgrade to transaction access, you may contact your Relationship Manager or visit the nearest ICICI Bank branch. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .
Is there a fee for this facility?
Yes. For further details, you may contact your Relationship Manager or visit the nearest ICICI Bank branch. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .
What if I have any other query?
You can always contact us at the following contact points:
- Visit the nearest ICICI Bank branch
- Contact your Relationship Manager
- Call our Corporate Customer Care.
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