Manage immediate cash requirements, unplanned or recurring expenses immediately.
Flexicash benefits that fit well into your financial life
How to avail of the facility?
ICICI Bank customers are selected basis their banking relationship with us, in addition to other parameters, and offered a pre-approved overdraft limit on their Salary Account. This limit can be utilised from Salary Account to honour cheques/ EMI at ATMs and Point of Sale (POS).
The amount payable will be auto-swept as and when sufficient balance is available in your Salary Account.
A processing fee is levied on the overdraft limit, basis the defined pricing matrix followed by the Bank. An amount equal to processing fee will be due in the first month
Flexicash can be availed for a period of 12 months, post which the facility will be auto renewed if it meets Bank’s norms, unless the customer gives closure request.
Yes, by clearing all outstanding dues and submitting a request at any Asset Servicing Branch of ICICI Bank.
Flexicash comes with a fixed rate of interest that is calculated on a daily reducing balance. The interest is charged only on the amount you use and the period for which you use it. In case there is no usage of the funds, there will be no interest payable. Click here to know more.
KYC and income documents are required in case you do not have a pre-approved Flexicash offer.