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While purchasing a resale property, one of the important factors to be considered is the safekeeping of the token money. With ICICI Bank, setting up an Escrow Account is seamless and any transaction can be carried out in a secure manner.
The Escrow Account can be jointly opened in the name of the buyer and seller of the property, wherein the seller is the beneficiary. On the closure of the resale deal, the buyer-seller can jointly initiate the transfer of funds to the seller’s account.
Hassle Free Setup Of The Escrow Account
Safe And Secure Transactions
Nil Fee For Account Setup
HOW DOES IT WORK?
Schedule An Appointment
Relationship Manager Completes The Documentation
Joint Escrow Account Is Opened
Transfer Funds To The Escrow Account
Post Deal Closure, Submit The Fund Transfer Request
Fund Is Transferred To The Seller
Terms and Conditions apply.
Note: The services are available at select locations across India. Please check availability of services at your location during discussion with our partners.