Board of DirectorsBoard Members | Board Committees | Director's Profiles - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Board MembersMr. K. V. Kamath, Chairman....................................................Mr. Sridar Iyengar....................................................Dr. Swati Piramal....................................................Mr. Homi R. Khusrokhan....................................................Mr. Arvind Kumar.................................................Mr. M.S. Ramachandran ..................................................Dr. Tushaar Shah ..................................................Mr. V. Sridar

Ms. Chanda Kochhar,Managing Director & CEO.........................................................Mr. N. S. Kannan,Executive Director & CFO.........................................................Mr. K. Ramkumar,Executive Director.........................................................Mr. Rajiv Sabharwal,Executive Director

Dream DepositsOther Accounts Dream Deposits Plan

All of us have ‘dreams’. We dream for ourselves, for our families,, friends and relatives and for society at large too.

Some of our dreams are need based, while some aspirational.

The dreams that are close to us; they mean everything.. We all want to nurture them and if possible secure them so that we can accomplish them under all odds.

So be it our child’s education, daughter’s marriage, owning a home, driving our car or planning our retirement, it is imperative that we secure them at all costs.

To secure them, you need to plan your finances prudently, based on your needs and aspirations at different points in time. A plan that gives you the flexibility in terms of choices that suit your needs and an assurance of a return that is safe and secure.

ICICI Bank is proud to present ‘Dream Deposits’ - A unique offering of four deposit plans that enable you realise your dreams at every stage of your life.

Dream Car Plan   Dream Home Plan

Dream Education Plan   Dream Retirement Plan

Dream Gold Plan

Dream Car PlanOther Accounts Features

Secured and fixed returns on Fixed Deposit/ Recurring Deposit Minimum deposit amount : Fixed Deposit: Minimum Rs. 50,000 Recurring Deposit: Minimum Rs. 3000 per month

( subject to total principal deposit minimum of Rs. 50,000) Minimum Tenure of FD/ RD : 9 months Premature withdrawal: Allowed, subject to the terms and conditions governing the Dream

Car Plan

Example 1: Building the corpus required for the down payment of your car with Recurring Deposit

Monthly Recurring Deposit (Rs) Tenure of deposit Interest rate Value at maturity (Rs.)

5000 12 months 6.25% 62060

Example 2: Building the corpus required for the down payment of your car with Fixed Deposit

Fixed Deposit amount (Rs) Tenure of deposit Interest rate Value at maturity (Rs.)

50,000 390 Days 6.75% 53707

T&Cs apply. Table/ Examples are for illustrative purposes only. Interest rates are cited as examples and applicable as on April 08, 2010, are indicative and subject to change at the sole discretion of ICICI Bank The value of maturity mentioned are approximate values only and are subject to taxes as may be applicable from time to time.

Dream Education PlanOther Accounts Features

Total tenure : Investment + Benefit phase: 10 years Investment phase:

o Minimum RD tenure: 3 year , and there after in multiples of 3 months.o Min. RD amount: Rs 500 and in multiples of Rs 100 thereafter

Benefit Phase : o Option of quarterly / annual payouto Min. tenure : 12 monthso ICICI Bank Youngstars Account mandatory for the plan, as repayment account in

benefit phase shall be the Youngstars Account

How does the Dream Education Plan work?

Example 1:

Monthly installment (Rs) Investment tenure

Yield on maturity

Benefit phase

Interest rate

Benefit amount(Rs)

(Rs)3000 8 yrs 3,98,957 2 yrs 7.75% 54315 per quarter

Example 2

Monthly Installment (Rs) Investment Tenure

Yield on maturity (Rs)

Benefit phase

Interest Rate

Benefit amount (Rs)

2000 5 yrs 1,46,,747 1 yrs 7.75% 1,58,456 annually

The above mentioned examples are for illustration purpose only. Calculations are based on prevailing interest rate as on April 08, 2010 and are subject to changes without prior intimation. The benefit amount mentioned is an approximate value only and is subject to taxes as applicable.

Dream Gold PlanOther Accounts Features - Buy Gold Online in India

Secured and fixed returns on Fixed Deposit/ Recurring Deposit Minimum deposit amount : Cumulative Fixed Deposit: Minimum Rs. 12,000/- Recurring Deposit: Minimum Rs. 2,000/- per month Minimum Tenure of FD/ RD : 6 months Premature withdrawal: Allowed Option of automatic renewal or automatic closure on maturity

Example 1: Building the corpus with Recurring Deposit

Monthly Recurring Deposit (Rs) Tenure of deposit Interest rate Value at maturity (Rs.)

3,000 12 months 8.25% 37,369

Example 2: Building the corpus with Fixed Deposit

Fixed Deposit amount (Rs) Tenure of deposit Interest rate Value at maturity (Rs.)

20,000 390 Days 8.50% 21,881

T&Cs apply. Table/ Examples are for illustrative purposes only. Interest rates are cited as examples and applicable as on May 19, 2011, are indicative and subject to change at the sole discretion of ICICI Bank The value of maturity mentioned are approximate values only and are subject to taxes as may be applicable from time to time.

To know more about how to buy gold coins and gold bars, just walk into your nearest ICICI Bank Branch.

Dream Home PlanOther Accounts Features

Secured returns on Fixed Deposit / Recurring deposit Minimum amount :

o Recurring Deposit-Rs. 5000/- per montho Fixed Deposit- Rs. 60,000/-

Minimum Tenure of Fixed Deposit / Recurring Deposit : 1 year No TDS on interest earned on Recurring deposit Premature withdrawal : Allowed, subject to penalty as applicable and terms and

conditions governing Dream Home Plan

Example : Building the corpus required for the downpayment of your dream home

Fixed Deposit (Rs) Tenure of Deposit Interest rate Value at maturity (Rs.)2,00,000/- 790 Days 7.50% 2,34,896/-

Monthly Recurring deposit (Rs)

Tenure of Recurring Deposit

Interest rateValue at maturity (Rs.)

6000 24 months 7.25% 1,55,325/-

Monthly Recurring Deposit (Rs)

Tenure of Deposit Interest RateValue at Maturity (Rs.)

8000 36 months 7.75% 3,24,896/-

T&Cs apply. Table/ Examples are for illustrative purposes only. Interest rates are cited as examples and applicable as on July 31, 2010, are indicative and subject to change at the sole discretion of ICICI Bank The value of maturity mentioned are approximate values only and are subject to taxes as may be applicable from time to time

Dream Retirement PlanOther Accounts Features

Total tenure : Investment + Benefit phase: 10 years Investment phase:

o Minimum RD tenure: 3 year , and there after in multiples of 3 months.o Min. RD amount: Rs. 2000 and in multiples of Rs. 100 thereafter.

Benefit Phase: o Option of quarterly / annual payouto Min. tenure: 12 months

How does the Dream Retirement Plan work?

Example : 1

Monthly Installment (Rs) Investment Tenure

Yield on maturity

(Rs)

Benefit phase

Interest Rate

Benefit amount (Rs)

7000 5 yrs 5,13,617 3 yrs 7.75% 1,99,222annually

Example 2:

Monthly Installment (Rs) Investment Tenure

Yield on maturity

(Rs)

Benefit phase

Interest Rate

Benefit amount (Rs)

5000 7 yrs 5,57,859 3 yrs 7.75% 52,549 quarterly

The above mentioned examples are for illustration purpose only. Calculations are based on prevailing interest rate as on April 08, 2010 and are subject to changes without prior intimation. The benefit amount mentioned is an approximate value only and subject to taxes as applicable.

Recurring DepositsOther Accounts

Recurring Deposit Accounts

ICICI Bank Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.

High recurring billing and recurring payments can be a drain on your finances and hence large investments may seem a plan away.

Let us help you in processing your recurring payment through our recurring billing software that keeps track of your investments with us. This can be easily availed of through a recurring account online that comes with letting us serve you through Internet banking. You may even transfer funds through Internet banking into your recurring account. A recurring account transfer gets done in seconds through Internet banking.

Features

With our recurring deposits you can avail a host of facilities with ICICI Bank. You may check on recurring account receivable, recurring account payable, recurring account fees and all recurring debit account transactions.

A recurring deposit account with ICICI Bank allows you a loan against the deposit. Our new recurring deposit account also has a special feature - Non-applicability of Tax Deduction at Source (TDS).

The minimum balance of deposit is Rs.500 per month and thereafter in multiples of Rs.100. The tenure ranges from 6 months to a maximum period of 10 years, recurring deposit of 3 months thereafter.

The recurring deposit also comes with a nomination facility.

Deposits and Accounts ICICI Bank Privilege Banking has a range of accounts and deposits to cater to your unique banking needs.

Our extensive branch & ATM network along with mobile, phone, internet and doorstep banking, make your banking experience the best.

Our Offerings

Titanium Privilege Savings Account Gold Privilege Savings Account Fixed Deposit Recurring Deposits Current Accounts

Titanium Privilege Savings Account

Overview Am I Eligible? How to Apply? FAQ Related Tools and Calculators

It is our privilege to serve valued customers. In our constant endeavor to fulfill all your banking needs and enhance exclusivity ICICI Bank launched Titanium Privilege Account - tailored to take care of your banking and investment requirements and status. This account offers a dedicated Branch Relationship Manager supported with a Phone Banking Relationship Manager.

Listed below are the unique benefits that you can enjoy with this account.

Special Privileges

Branch Relationship Manager supported with Phone Banking Relationship Manager. Priority processing at all ICICI bank branches and through customer care. A higher daily withdrawal and spend limit on a Titanium debit card. Free International Titanium Debit Card. Unlimited free access to any bank’s ATM throughout the country. Free usage of multi-city cheque book. Free physical monthly account statement. Free Anywhere Banking. Complete waiver on DD/PO charges. Preferential rate on purchase of ICICI Bank Pure Gold. Preferential rates on purchase of foreign exchange with a complete waiver on

commission charges. 30% discount on annual fee for Safe Deposit Lockers. Nomination facility is available. Interest is payable half-yearly.

Gold Privilege Savings Account

Overview Am I Eligible? How to Apply? FAQ Related Tools and Calculators

Choose the ICICI Bank Privilege Banking account to enjoy exclusive benefits across wide range of product and services.

The Privilege banking account variants we offer are - gold and titanium; each designed to suit your specific needs. In addition to benefits like money multiplier, nomination facility, internet banking and mobile banking, you can avail other special privileges like:

Priority service at all ICICI bank branches and through Customer Care. Preferential rate on purchase of ICICI Bank pure gold and foreign exchange. Discount on annual fee for safe deposit locker. Special rates on ICICI Bank loans. Preferential rate on DD/ PO charges. Multi-city cheque book. There can be only one Nominee for a deposit account whether held singly or jointly.

Special Privileges

Your Gold Privilege account entitles you to select privileges and offers:

Priority service at all ICICI Bank branches. Free International VISA Gold debit card with higher daily withdrawal and spend limit. Free usage of payable-at-par chequebook. Waiver of DD/PO charges for up to Rs.100,000 per day. Waiver of Anywhere Banking charges across all ICICI Bank branches. Priority Processing through ICICI Bank Phone Banking. Preferential rates for Gold Coins. Better rates for Foreign Exchange Service. 20% discount on annual fee for Safe Deposit Lockers. Special asset deals from time to time.

** All the above offers are subject to change from time to time by the Bank without any prior information to the customer.

***All offers are non-negotiable and non-transferable.

**** The above offers cannot be clubbed with any other offer.

Current Accounts

Overview Am I Eligible? How to Apply? FAQ Related Tools and Calculators

Gold Roaming Current Account

ICICI Bank's Gold Current account gives a wide range of facilities with an MAB (Monthly Average Balance) of Rs. 1,00,000/-.

The following benefits comes with Gold Current Account:

Free Collections & Payments through NEFT and RTGS Free Local Cheque Collection at base location (Intra-city) Free Non-Cash services* Free Cash withdrawal at non base branch through Self cheques up to Rs. 50,000/- per day Free Cash deposits at base branch location up to Rs. 10 lacs per month Free Internet Banking and Phone Banking Free Cash deposits at non base branch location up to Rs. 1 lac per month Free Mobile Banking

Gold Plus Roaming Current Account

ICICI Bank's Gold Plus Current account gives a wide range of facilities with an MAB (Monthly Average Balance) of Rs. 3,00,000/-.

The following benefits comes with Gold Plus Current Account:

Free Collections & Payments through NEFT and RTGS

Free Local Cheque Collection at base location (Intra-city) Free Non-Cash services* Free Cash withdrawal at non base branch through Self cheques up to Rs. 50,000/- per day Free Cash deposits at base branch location up to Rs. 30 lacs per month Free Internet Banking and Phone Banking Free Cash deposits at non base branch location up to Rs. 3 lacs per month Free Mobile Banking

Recurring Deposits

Overview Am I Eligible? How to Apply? FAQ Related Tools and Calculators

ICICI Bank Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity.High recurring billing and recurring payments can be a drain on your finances and hence large investments may seem a plan away.

Let us help you in processing your recurring payment through our recurring billing software that keeps track of your investments with us. This can be easily availed of through a recurring account online that comes with letting us serve you through Internet banking. You may even

transfer funds through Internet banking into your recurring account. A recurring account transfer gets done in seconds through Internet banking.

Features

With our recurring deposits you can avail a host of facilities with ICICI Bank. You may check on recurring account receivable, recurring account payable, recurring account fees and all recurring debit account transactions.

A recurring deposit account with ICICI Bank allows you a loan against the deposit. Our new recurring deposit account also has a special feature - Non-applicability of Tax Deduction at Source (TDS).

The minimum balance of deposit is Rs.500 per month and thereafter in multiples of Rs.100. The tenure ranges from 6 months to a maximum period of 10 years, recurring deposit of 3 months thereafter.

The recurring deposit also comes with a nomination facility.

Fixed Deposit

Overview Am I Eligible? How to Apply? FAQ Related Tools and Calculators

Our Fixed Deposit can be opened for periods ranging from 7 days to 10 years. You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000 for General Customers and Rs 2,000 for Fixed Deposits for Minors.

Partial withdrawal is permitted in units of Rs 1,000. The balance amount earns the original rate of interest.Safe custody of your fixed deposit receipts.Auto renewal is provided. Loan facility is available upto 90% of principal and accrued interest.Nomination

Nomination facility available for bank deposits. There can be only one Nominee for a deposit account whether held singly or jointly. A person legally empowered to operate a minor's account can file a nomination on behalf

of the minor. Applicants can make nomination by filling up the Form prescribed under the Banking

Companies (Nomination) Rules 1985. The nomination details can be changed during the subsistence of the account relationship

by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.

For more details approach your bank.

We offer choice of two investment plans:

Traditional

Interest payable monthly or quarterly as per your convenience

Maturity period ranges from 7 days to 10 years.

Reinvestment

Interest is compounded quarterly and reinvested with principal amount

Maturity period ranges from 6 months to 10 years

Silver Savings AccountOther Accounts

Silver Savings Account - Features

ICICI Bank’s Silver Savings Account entitles you to select privileges and offers.

The ICICI Bank International VISA debit card is a debit-cum-ATM card providing you with the convenience of acceptance at merchant establishments and cash withdrawals at ATMs.Click here for details.

Money Multiplier Facility. Internet Banking is offered free of cost. You can give us various types of standing instructions like transferring to fixed deposit accounts

at regular intervals. Nomination facility is available. Interest is payable half-yearly. Click here to open an account online.

Nomination

Nomination facility available for bank deposits. There can be only one Nominee for a deposit account whether held singly or jointly. A person legally empowered to operate a minor's account can file a nomination on behalf of the

minor. Applicants can make nomination by filling up the Form prescribed under the Banking Companies

(Nomination) Rules 1985. The nomination details can be changed during the subsistence of the account relationship by

filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985. For more details approach your bank.

Salary AccountOther Accounts 

Salary AccountWhere money works. For you and your employees

What's so special about ICICI Bank Salary Account?

ICICI Bank Salary Account is a benefit-rich payroll account for Employers and Employees.

As an organization, you can opt for our Salary Accounts to enable easy disbursements of salaries and enjoy numerous other benefits too.

With ICICI Bank Salary Accounts your employees will enjoy the convenience of :

Having the largest network of ATMs at their command. Free 24 hour Phone Banking. Free Internet Banking.

All you would require to do is to send ICICI Bank an advice (in form of a cheque/debit instruction, ecs, etc) for the total salary amount along with the salary details of the designated employees in a soft and hard copy format and we will credit the respective employees' accounts as per your statement of advice.

ICICI Bank Salary Accounts benefits you in more than one ways:-

Reduces your paperwork. Saves remittance costs. Employees receive instant credit of salaries. More convenient than ECS.

Besides all of the above, employees will automatically become ICICI Bank account holders with special benefits and privileges of 8-8 banking, Investment advisory and much more.

ICICI Bank also has a special offering: Defense Banking Services designed exclusively for the armed forces.

For more information, please Contact Us and we will come down for a detailed presentation.

Apply Online   Savings Account

  3-in-1 Account  Fixed Deposit  Personal Loan

Banking Standard Forms

Stay Connected •  Service Charges & Fee

Silver Savings AccountOther Accounts

Silver Savings Account - Features

ICICI Bank’s Silver Savings Account entitles you to select privileges and offers.

The ICICI Bank International VISA debit card is a debit-cum-ATM card providing you with the convenience of acceptance at merchant establishments and cash withdrawals at ATMs.Click here for details.

Money Multiplier Facility. Internet Banking is offered free of cost. You can give us various types of standing instructions like transferring to fixed deposit accounts

at regular intervals. Nomination facility is available. Interest is payable half-yearly. Click here to open an account online.

Nomination

Nomination facility available for bank deposits. There can be only one Nominee for a deposit account whether held singly or jointly. A person legally empowered to operate a minor's account can file a nomination on behalf of the

minor. Applicants can make nomination by filling up the Form prescribed under the Banking Companies

(Nomination) Rules 1985. The nomination details can be changed during the subsistence of the account relationship by

filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985. For more details approach your bank

Problems of icici bank?In: Industrial Credit and Investment Corporation of India Bank ICICIfollowcategory unfollowcategory

ICICI Bank (originally known as Industrial Credit and Investment Corporation of India) is a major financial and banking service provider in India. It is...

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AdsAnswer:the banks is facing the problem of solwing down economy, the closest competitor of ICICI is HDFC bank, it is eating the market share of ICICI banks by providing good quality of services to the customers, people thing that ICICI is totally a professional bank, they dont thing about socital improvments,

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Read more: http://wiki.answers.com/Q/Problems_of_icici_bank#ixzz23QzVBLg4

How ICICI Bank plans to meet challengesJuly 28, 2008 11:12 IST

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ICICI Bank has reported a decline in its quarterly net profit for the first time since its merger with ICICI [ Get Quote ].

In a telephonic interview with Business Standard, the bank's Joint Managing Director and CFO Chanda Kochhar [ Images ] terms the quarter as the toughest that she has seen, and talks about the challenges ahead and the strategy to deal with them. Excerpts:

Was the profit fall unexpected?

The analysts' estimate was Rs 695 crore. The market challenges and the environment had all been built in. But if you look at the core operating profit, it has increased 74 per cent. The income from interest and fee is higher. There were a lot of challenges and despite factoring in the Rs 594-crore impact (on investment and treasury), we have reported a net profit of Rs 728 crore.

So, is it the toughest quarter that you have seen?

I would agree with that. But it has to do with the environment. The bond yields increased, the Sensex dropped 24 per cent from its peak.

What about the next quarters?

The challenging environment will last for some more time. But one would hope that the kind of challenges that we faced in terms of rising yields and market movement, are not there (in the coming quarters).

You have reported a 5 per cent rise in the retail loan portfolio, much below the expectation of 10-12 per cent growth.

We have not lost the market share. The total retail portfolio is growing at the same pace as that of the market. We are not consciously scaling down the growth rate, but it is a conscious strategy to

grow at the market rate. We will grow by 5-10 per cent. But if you include loans from subsidiaries, the growth then is 20 per cent.

Your provisioning has gone up by over 40 per cent. Is it because of retail loans?

It is in line with the provisioning during the fourth quarter (of 2008). It is the result of a maturing portfolio. We have not seen significant shifts in delinquency levels.

With interest rates rising, the rate of growth has slowed down but people with existing loans are paying (their dues). Maybe, there is a little delay here and there.

Are you facing defaults on corporate loans?

Corporate repayments are moving according to schedule. The profitability of the corporate sector is very healthy, hence there is no impact there.

What about the investment pipeline of $700 billion? Are people deferring investments?

For the system as a whole, the growth rate this year should be 20-25 per cent, and we may grow faster than that. The investment pipeline continues to be strong. We have not seen any pullouts so far. But in the last three or four months, people have not added to the investment pipeline, which is sufficient for a healthy growth rate.

The growth was only 1.6 per cent in the first quarter. What about deposits?

The growth is in line with our requirements. Following our follow-on public issue in July last year, we have been quite comfortable on liquidity. Besides, when there is so much interest rate volatility, we do not want to depend on wholesale deposits.

The CASA (current account and savings account) base has been a healthy 25 per cent, while the base of the savings accounts has increased 35 per cent. The focus is on CASA. That is why the net interest margin is 2.4 per cent compared with 1.95 per cent at the end of the first quarter of FY08.

Why this increase in savings accounts base?

We have increased our market share as we put in extra effort on it. Moreover, we have increased the number of branches. We are consciously opening accounts for younger people.

What are your expectations from the credit policy? Should we expect more rate hikes from you?

It is difficult to predict, given the challenges of managing growth, liquidity and inflation... We are very comfortable on liquidity. We have a cash balance of around Rs 10,000 crore. That is why the increase in interest rates has not impacted us.

There have been talks of overseas acquisition. Is there any movement on that front?

We are looking at opportunities. Given the current situation, there are lots of banks eligible for acquisition. But nothing has been finalised.

Your overseas business accounts for 30 per cent of the revenue. Where do you see it going?

We are not setting any target. Currently, there are lots of opportunities, and since we are very well placed to take care of those opportunities, our business will grow faster.

What about listing your insurance subsidiaries or ICICI Securities?

We have sufficient capital to take care of our subsidiaries. We were planning to list ICICI Securities to set a price benchmark. But the current market conditions are not appropriate for that.

Is it also because of the RBI decision to remove the sub-limit investment in overseas arm?

It has freed up capital and because of that there is more possibility of infusing capital in other subsidiaries.

ICICI's Chanda Kochhar: 'Whenever There's a Challenge, I See an Opportunity'Published: February 06, 2008 in India Knowledge@Wharton

When it was founded more than half a century ago by Indian industrialists, the World Bank and the Government of India, ICICI was envisioned as the first development bank for a newly independent nation. Today, ICICI is India's largest privately owned bank with assets of nearly $80 billion, as of March last year, and an expanding global reach. The group's story is not just one of growth, but of transformation: ICICI has evolved from a development bank to become a corporate and then a retail bank, meeting the needs of a newly prosperous population.

Chanda Kochhar has helped shape the bank's ever-evolving strategy. Having started out at ICICI as a management trainee in 1984, today she is ICICI Bank's joint managing director and chief financial officer -- and is also widely regarded as a leading contender for the CEO's position in the future. Wharton management professor Michael Useem spoke with Kochhar last month at the World Economic Forum in Davos about the leadership challenges she has faced in her two decades as a banker. An edited version of that conversation follows:

Useem: What are the major leadership qualities that helped you grow within ICICI during the past two decades?

Kochhar:The organization has grown and evolved substantially in these last 20 years. Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate

bank into a retail bank, and now a universal bank. So although I've been with the same organization for the last 20 years, I've created and run different businesses. I joined on the corporate side of the bank. Then, when infrastructure financing became a big thing in India, I set up the infrastructure-financing practice for the bank. When commercial banking opened up for the private sector, I set up the retail-banking division for ICICI and grew it substantially. I then ran the international side of the ICICI Bank for a few years. Having run all the businesses, I'm now a supervisor, overseeing a number of functions: finance, risk, audit, compliance, industrial relations, all those kind of things. It's been a great journey for me.

Useem: Some people would find those transitions daunting: Moving from retail banking to commercial or investment banking. When you considered each of these new assignments, were you worried about mastering the new areas?  

Kochhar:I moved from corporate banking to retail banking about ten years ago. The biggest challenge for me, for all of us, was that the consumer-credit market was very, very new for India and for ICICI. I was trying to create something that was not just new for me but absolutely unknown to the organization and the country as a whole.

I was running the corporate side of the bank and handling almost 50% of its profits and assets and business at that time; consumer credit was less than 1% of the bank's business. When my CEO asked me to take over the consumer credit business, I asked, "Why should I move from handling 50% of the bank to handling 1% of the bank?" I clearly remember him answering: "Because I want you to make this business more than 50% of the bank." And that did happen.

On a personal level, it wasn't always easy. But as a leader, I think you need to be, first of all, adaptable, so you can quickly understand and move forward in new business situations. Second, you need to treat each challenge as an opportunity. I treated this challenge as an opportunity, not just to learn for my own development but also to create something new for the organization.

Useem: In 1998, ICICI created a major-clients group to handle relationships with the bank's top 200 clients. You headed that effort, setting up cross-divisional teams to market the bank's products. What lessons about internal teamwork and marketing did you gain from that experience?

Kochhar:At that time, we had a bank, a securities company, and various other companies, so each of us was going to the same corporate customer and marketing different products. The idea was to set up this group to handle relationships with all clients and to draw on the experience of all the product groups internally. I was purely a corporate banker at that time, with no experience of investment banking or commercial banking. So, first, I had to create a team, and I created one with eight members drawn from the different parts of the ICICI group: Investment banking, the securities business, commercial banking, and so on. I organized our work so that while each member of our team handled clients, we met every morning and every evening to exchange notes. Our approaches were so very different: The way an investment banker meets a client and talks about a product was entirely different from the way a commercial banking-oriented person meets a client and talks about a product. I had to make sure all nine of us met face-to-face twice a day, and the end result was multi-faceted leadership. I learned it is possible to quickly share

knowledge and ideas with each other, rather than sitting on a pedestal, saying, "I'm the boss, and I'm not here to learn from anybody."

Useem: Once your team was formed, you then presented a unified team to the outside world. Did that affect the way you went about marketing to your clients?

Kochhar:Yes, it did. Instead of sitting at our desks and waiting for clients to come and ask for products, we had to get out there and market the products to our clients. It meant we had to do a lot of internal analysis to predict which client needed what product. That was a huge shift in the way we worked.

Useem: In mid-2000, you led ICICI Bank's foray into the retail industry. How did you go about formulating your strategy to enter and grow that business?

Kochhar:As I said earlier, the retail industry itself was very, very small in India at that time. The first strategic question was whether to plan for a big-scale business or a small-scale one; we had to guess whether this industry was going to grow significantly for the country or not. We knew this: If per-capita income crosses say, $500, there is a shift in consumer behavior, which results in a huge amount of consumer spending and consumer borrowing. Then we made the strategic call, saying, "India is passing through that phase, and therefore this industry is going to be a big one. Let's plan not for the small size the industry is today, but for what the industry is going to be five years from now." Clearly, many people were skeptical, saying we were creating a scale that may never be used. But, as it turned out, this industry grew by more than 50% per annum, year on year, for many years.

The other strategic challenge was that the business was very new for ICICI itself. I had to create a team of people who had worked in this industry for other banks. What I brought to that team was ICICI's strategic thinking, but when it came to domain knowledge or product nuances, I had to learn from the team. In that way, I was a kind of a leadership bridge between ICICI's way of thinking on the one hand and the domain knowledge of the team on the other hand. I had to arrive at decisions not based on past experience, but on a mix of their domain knowledge and my gut feel.

One of the big decisions was about customers using electronic channels. At that time, India had some 200 or 300 ATMs. We made the call to set up 3,000 ATMs just from ICICI Bank over two years. This was a big decision, for which we had no past experience to tell us whether it was correct or not. We had to do a lot of thinking about the shape consumer behavior was going to take. But I thought, "This business is scale-related. You cannot make money in a retail business if you're small-scale." So, we planned that in three or four years, we ought to be the number-one player in this business, starting from a zero market share. That's indeed what happened. After about four years, we had 53% market share of the country's retail credit business. Today, we are by far the largest player in the consumer-credit business in India.

Useem: Looking back on that experience, would you have done anything differently?

Kochhar:I don't think so, in terms of broad strategic direction. Small tactical decisions -- yes, maybe we could have done them better, but in terms of the broad direction that we took, it has played out right.

Useem: In the third quarter of 2007, retail advances seem to be slowing down. As you look now at 2008, how does the year ahead look in light of the world economies hitting a speed bump, or worse?

Kochhar:Let me put India in perspective. In the last five to seven years, India has grown on the basis of its knowledge economy and consumerism. The IT industry, and its related industries, provided jobs for Indians. As Indians earned more, they spent more, and that's how consumerism drove economic growth as a whole and also led to a huge growth in the retail-credit and consumer-credit business in India. As we speak today, this growth in consumerism is leading to a huge investment cycle in India. Because manufacturing capacities have been fully utilized, and infrastructure needs to be established, people are now investing in manufacturing capacities and infrastructure. I estimate the Indian corporate sector has plans today to invest about $700 billion in manufacturing and infrastructure, which will be spent over the next three years.

The next wave of growth for India is going to come out of capital investment. While growth for the retail and consumer industry is going to be between 10% and 15%, the growth in corporate lending will accelerate and be between 30% and 40%. In the last four or five years, the growth was essentially driven by consumer credit. Now the growth is going to be driven more by investment cycles and corporate credit.

Useem: ICICI has set itself a goal of not only becoming a global bank but also becoming a top-25 bank, or even a top-10 bank in the next five to 10 years. What is your strategy for getting there?

Kochhar:The strategy is two-fold. One, India-related growth is really going to let us grow. The Indian banking sector is growing at a rate not matched by many banking sectors the world over. Two, we're going to capitalize on the globalization of the Indian economy. As our Indian corporate sector acquires companies abroad and sets up manufacturing capacities abroad, we have positioned ourselves very effectively in terms of setting up a global network: We are already assisting our Indian corporate sector in global ventures.

Over and above this, we're going to become big as a group, because our subsidiaries are creating a lot of value for us. We have subsidiaries in life and non-life insurance, securities, private equities, and so forth. As we aspire to get into the top-25 and top-10 league, organic growth is coming to us very well from the Indian economy's growth and globalization. When we feel the time is right, we will look at some inorganic growth as well. It's going to be a mix.

Useem: What steps are you taking now to anticipate challenges five to 10 years down the road, the slowdown in the world economy being the most obvious? How can you anticipate and be ready for such hurdles?

Kochhar:Challenges could come for India, or for the bank, so I will break this up into two. As far as India is concerned, we are watching very closely whether the current world economic scenario will impact India and by how much. In the globalized world of today, no country remains immune to what happens elsewhere, but at the same time, India is very resilient because of the sheer fact that the domestic economy is very large. India's reliance on the global economy in terms of exports is also less than that of many Asian economies. So while I would not say India will remain totally insulated, I will say India's resilience is much higher than many other Asian economies. The fundamentals of the Indian economy will continue to drive its growth for a long period.

Thinking about ICICI as an organization five to 10 years from now, as a leader I have to make sure as we grow and become more successful that we don't become complacent. We have to continue to innovate in order to keep ahead of others in the race. It's not enough to become a leader: You must maintain that leadership, and therefore, you have to ensure the culture's innovation, energy and competitiveness doesn't get lost.

Useem: Looking back on your two-plus-decade career at the bank, what are some of the biggest leadership challenges you have faced personally? What did you take away from those moments?

Kochhar:All my challenges have become opportunities. As India evolved as a country in these 20 years, ICICI as an institution evolved substantially. If I was not a person who could adapt and move with this evolution, I would not have grown as a leader. The constant challenge is to keep evolving and adapting as the country and the company evolves. Moving from corporate banking to retail banking to international banking to supervisory roles has meant completely reinventing myself. But every move fed on the previous one. When I moved from corporate to consumer banking, I brought a lot of synergy with me. When I moved from consumer banking to international banking, I thought I brought a lot of insights from India we could implement globally. Now that I've moved to the supervisory role, having run all the businesses, I'm able to appreciate the challenges of a business in a much more rational manner. So, adaptability was a big challenge for me personally, but this opportunity to handle all sides of the bank -- globally, I can't think of many bankers who have had this opportunity.

Useem: You've managed to look upward and not see a glass ceiling above you as you moved up in the bank, but some women have experienced that kind of challenge. Is there still a glass ceiling for women in banking and, more generally, in business in India?

Kochhar:India has evolved a lot in this aspect in the last 20 years. When I started my career, there were clearly some industries and some companies where we, as "lady students," would not even apply, because we knew there was a glass ceiling and we would not move forward. But now I see an intentional consciousness in all Indian corporations to recruit women executives. They have learned that diversity has its advantages, and that it's better to be a merit-oriented organization and use the talent available, regardless of whether it comes from a male or a female.

Even ICICI was very different 20 years ago. When I entered that group, I thought it was one of the most proactive groups, in the sense that it has always been a merit-oriented organization. Every time there's an opportunity, a job to be assigned, the organization doesn't look at whether

the right person to do it is male or female, the organization just hands over that responsibility to the person most suited to the job. The rewards and punishments are based on performance and not on gender. I have experienced that, and that has enabled me to grow and move in this organization.

But this is a two-sided coin. While many women have moved forward in ICICI, they have done so because they have worked as hard and as many long hours as men have. That's the way going forward. Organizations should look at merit and not discriminate based on gender. Similarly, women should not expect any special advantages or favors. If they want to grow, they have to put in the hard work and the hours and the travel that's required.

Useem: Looking back on your own career, what advice would you have for a young person entering banking today? Or business more broadly?

Kochhar:A person should enter their career with a very open mind, because you have to constantly learn. When we leave school, we tend to believe we know it all. But when we start to work, that's really the beginning of school all over again. We need to start work with the idea that we're going to learn every day. I learn, even at my position, every single day. My second piece of advice would be that there is no substitute for hard work. Even as one gets opportunities, one gets challenges, and hard work is essential for success. Third, whenever there's a challenge, I see an opportunity in it: You have to find a way of converting challenges into opportunities. That's the way one learns and moves forward. I evaluate a leader more in terms of how the leader performs in difficult times, rather than how that leader performs in easy times. A person who can take on a challenge and maintain equanimity and turn it into an opportunity -- according to me, that's the biggest leader.

Grooming Leaders for Adaptive Challenges - The ICICI Way

Jan 12th 2010By People Matters

When vast opportunity and a meritocratic culture are complemented by a robust process for managing talent, leadership development becomes a success

Chanda Kochhar joined ICICI Ltd as project trainee in 1984. When, within 10 years of joining, she was sent to ICICI Bank as part of the core team to setup the bank, it was clear that she had

been chosen for a more ambitious role than her peers. An internal process had been set in motion, whereby she would be provided with more opportunities to build and lead change as a platform for growth and development. Other similar roles would follow -- from infrastructure finance to building the retail business – mostly assignments to grow a business from its inception phase, until she became CEO in May 2009.

With more than 2,500 employees in the Talent Pool, ICICI aims to create a pipeline of eligible talent to cater to all critical jobs in the bank. This does not happen by default but by strategic design. The company puts serious resources, time and effort behind this important activity of identifying and grooming talent. In 2002, the bank started to grow at an accelerated rate and the previous process, which was heavily dependant on the contribution of board members, had begun to look obsolete. “In 2002, on Mr. Kamath’s initiative, we began to set up a leadership development process to cater to a different scale of business. We got ideas and inspiration from practices followed by GE and Unilever - companies that we felt had mastered the art of leadership development”, says Board Executive Director & HR Head, K. Ramkumar. They took the best practices in the industry and tailored a process for Leadership Identification and Development that essentially moved the ‘ownership’ of this key activity from the MD level to a larger group of people. The prime objective of this process was to scale leadership development to a new level and ensure that the organization had enough talent and leaders available from within to execute their ambitious growth strategy.

And the amazing growth of ICICI in this decade and the seeming ease with which they have created new businesses is evidence enough that the process for creating leaders from within is working very well indeed. At ICICI, leadership is defined in terms of Conviction - to set the change agenda and Persistence -- to live through the period of change whatever the challenges.

With around 35,000 employees in ICICI Bank and more than 80,000 across the group, the process of identifying leaders starts with the Performance Management Process. ‘A pre-requisite to be considered part of the talent pool is to consistently be a good performer’, says Ramkumar; only those consistently on the 25% percentile are considered for the talent pool.

These employees in the top performing category are then profiled on the basis of 9 leadership anchors, known internally as the “ICICI DNA”. These anchors are defined in terms of specific behaviour and also have defined “stoppers” -- unacceptable behaviour that goes against the anchor. For instance, ‘Customer First’ (one of the anchors) is defined by behaviour like consistently leveraging customer interaction as an opportunity to understand customer needs. Conversely, the stopper is defined by actions like promising more than can be delivered. With such precise definitions, the process is able to standardize the seemingly ambiguous task of identifying leadership talent. These definitions are attributes that the core group believes are required of a leader in the organization. Finally, all this information is compiled into a one-page profile which highlights the areas that the panel should be focusing on and gives a cue for potential areas for development.

The final step is a panel assessment that identifies the aptitude and maturity of the employee’s leadership capabilities. ‘The assessment is a combination of process, technology and intuition.

We believe you cannot replace personal judgement in the process of identifying leadership talent,’ says Ramkumar.

What the group looks for in a Leader depends on the level of seniority of the employee. The panel focuses only on a very simple approach to identify leaders. For junior level employees, it looks for consistent passion and strong problem solving abilities; for middle levels, being able to build capability internally is key, ie, what has the employee built in the last 2 years in terms of people, processes and systems? For senior level employees, the focus is on the agenda for change that the employee has set in the last 2 years and achieved this successfully by mobilizing people and resources.

Interestingly, the panel needs to arrive at a consensus on whether the employee has the capability to move to the next leadership role and whether he or she is ready to make this move immediately or over another couple of years. If the direct supervisor is part of the panel, he or she is not allowed to intervene in the discussion unless the panel differs on some point, then only the supervisor can bring some information to the table. The idea is that if you have leadership potential, someone else besides your manager should know you or had worked with you. “The panel selects employees on the basis of their strengths and does not normally reject for weaknesses,’ says Ramkumar. ‘The only reason for the panel to reject an employee for weaknesses is when that weakness is considered a ‘stopping behaviour’, for example, a person showing excessive aggressive behaviour is a stopping behaviour for ICICI and hence that person will be out of the talent list.’

The employee is then categorized under “A” List - ready to move to next role immediately, “B” List - ready to move in the coming 2 or 3 years, and “C” List - high performing individual with potential for a specialist role within that area of work without any emphasis on leadership development. This pool is revised annually and feedback to the employees plays a very important role in the overall process.

There is a very significant differential in terms of compensation (bonus, rewards, increments and even ESOPs) and career opportunities for people identified in the talent pool. “Most importantly, they get priority for more interesting and challenging assignments available across the group”, says Ramkumar.

In terms of leadership development programs for those within the talent pool, the objective is to help leaders deal with adaptive challenges which are not amenable to analysis. During the different modules, mostly developed in-house, the participants learn to apply standard models while appreciating that choosing between alternate course of actions will require sound judgment. The key focus of the program is to provide the talent pool an opportunity to build perspective by using the Action-Behaviour-Consequence model. The most unique aspect of the program is the concept of group mentoring, as opposed to individual mentoring, where the entire senior and peer group come together to mentor and aid in the individual’s development. This program is interwoven with top management sessions where the CEO and board members and successful icons play key roles in the group dialogue.

Results show the success of this plan - the targets are ambitious as it aims to create sufficient “bench strength” to cater to all critical jobs in the group. With more than 10 CEO and Board level positions filled only by internal staff in the last 7 months, the program is definitely working and showing tangible benefits.

 

Leader In Innovation24 Dec 2010

Adjudged the most tech-savvy, ICICI Bank has a few new cards up its sleeveStep into a triangular-shaped room on the ninth floor of the ICICI Bank headquarters in Mumbai and around two dozen wall-mounted flat screens greet you. The Bridge Room, as it is called, is the centre for monitoring operations and performance dashboards of ICICI Bank across India and 18 international locations. The room keeps track of various functions and departments of the bank including retail assets and liabilities operations, credit and debit cards, ATM performance, customer service, risk management and even human resources. “This is like a hospital ICU and the observation room,” says Pravir Kumar Vohra, group chief technology officer at ICICI Bank. “We always try to find innovative ways to use technology to touch the life of our customers.”

He is bang on target as in the BW-PwC Best Banks Survey 2010, ICICI Bank

TECH-FRIENDLY: Pravir Kumar Vohra, group chief technology officer at ICICI Bank

was adjudged the most tech-friendly as its growth in retail assets have been through non-branch channel.Today, of the bank’s 9 million online internet banking customers, 3.5 million customers use net banking once in a month. “The edge ICICI Bank would have got compared to its peers may be due to the rise in volumes and the increase in number of transactions on a

The bank had its own share of ups and downs during the meltdown of 2008. In the 18 months since the beginning of 2008, it re-evaluated certain businesses. “In our two-wheeler and personal loans, we started focusing on hygiene and collection, and there was less focus on delivering new product innovation,” says Vohra. “So we used the time to strengthen and make investments in existing systems, and improve our disaster recovery capabilities and process.” ICICI Bank claims to be the most technology efficient bank in terms of cost to income. Says Vohra: “We have leveraged India to deliver technology such that the technology in our US, Canadian and UK branches also run out of India.”

ICICI Bank is the only bank in India that has a machine called cash acceptor — that looks like an ATM — where you can deposit cash. The machine not only counts the cash, but also authenticates the notes and credits the money to your account in real time. The bank plans to install these machines — about 200 right now — at every branch and even in malls.

ICICI Bank has had the internet banking platform since 1994. For the past three years, it has been adding functionality, capabilities and feature sets. “The idea is, whatever routine work a customer is doing, can we automate?” says Vohra. Two years ago, ICICI Bank was the first bank that allowed you to pull money from your account in another bank. Now the bank has leveraged its product called Money to India, by making it Money to World. Interestingly, customers of another bank could log into ICICI Bank’s website, give the details of the other bank as well as the beneficiary’s name and bank details, and ICICI Bank could pull money from any bank and remit anywhere in India. Remittance is a huge business for ICICI Bank. “We are trying to remit money to the world, be it Bangladesh or Philippines,” says Vohra.

In rural areas, it has partnered with Financial Inclusion Network & Operations to provide banking facilities through a low-cost platform. The bank gets in touch with a local commission agent in a village that has a mobile phone that works as an extended teller to receive and make payments. “In the whole paradigm of the bank, technology is a critical component,” says Vohra. “Many feel we are early movers in new technology, but don’t forget we are early movers because we see business sense.”

A year and a half ago, the bank also launched a branchless banking initiative called B2, where you can do everything electronically. “We have launched actual account opening online,” says Vohra. However it is not completely branchless, as regulation requires banks in India to take physical signatures of their

customers.

Meanwhile technology obsolescence is the greatest challenge for ICICI Bank, which is why its general model is to buy rather than build. However, outsourcing puts the bank at the mercy of its vendors and service providers. “We have not outsourced our mind,” says Vohra. “We have control over the technology architecture. As long as you can visualise and control the blend, it’s a win-win.”

The bank’s philosophy has been to manage the risk — be conscious of risk and have a back-up plan to work around it. Says Vohra: “After all, the business of banking is the business of calculating risk. All the lending, the money transfer business is all about taking calculated risk. You can’t run away from risks, you have to evaluate it, quantify it, come up with alternative plans and test those plans.”

The bank also has strong risk management parameters in place. It is an invisible service. The bank may not send an alert, but it can stop transactions. It identifies the machines from which the customer regularly does his transactions. And every transaction is assigned a score, which includes place of transaction as well as the amount. If the system detects a transaction to be very risky, it blocks the transaction. However, the bank ensures genuine customers don’t get stranded. “We have no case where a fraud was perpetuated without human negligence or collusion,” says Vohra. “But if you engineer technology well, your incidence of fraud is no higher than manual. But your ability to diagnose and troubleshooting can be much higher.”

Going ahead, the biggest challenge for ICICI Bank is to retain its leadership in technology and make investments judiciously to sustain that advantage. “No one knows what new technology will come in the future. What banks are doing today on the mobile, five years ago we wouldn’t have thought possible,” says Vohra. “The challenge is, as the organisation becomes larger, the time to deliver takes longer and longer.” Recently, Vohra has directed his team to do development on the Android platform, as he feels that to be the technology for the future. Within a year we will see if he is right or not.

Loans

ICICI Bank offers wide variety of Loans Products in India to suit your requirements with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking, ICICI Bank brings banking at your doorstep. Select any of our loan product and provide your details online and our representative will contact you for getting loans.

Home LoansThe No. 1 Home Loan Finance provider in the country, ICICI Bank Home Loans offers some unbeatable benefits to its customers - Doorstep Service, Simplified Documentation and Guidance throughout the Process. It's really easy!

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Personal LoansIf you're looking for a personal loan that's easy to get, your search ends here. ICICI Bank Personal Loans are easy to get and absolutely hassle free. With minimum documentation you can now secure a loan for an amount upto Rs. 10 lakhs.

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Commercial Vehicle LoansWe have extended products like funding of new vehicles, finance on used vehicles, top up on existing loans, working capital loans & other banking products.

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Car Loans The most preferred financier for car loans in the country. Network of more than 604 channel partners in over 1000 locations. Tie-ups with all leading automobile manufacturers to ensure the best deals. Flexible schemes & quick processing. Hassle-free application process on the click of a mouse.

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Loans against SecuritiesYou don’t have to sell your securities. All you have to do is pledge your securities in favour of ICICI Bank. We will then grant you an overdraft facility up to a value determined on the basis of the securities pledged by you.

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ICICI Bank Home Loans

Building your own home is special. As one of the leading home loan providers, ICICI Bank Home Loans is here to help you lay the foundation for your dream home.

With the experience of sharing the dream of millions of our customers, we offer you the most convenient home loan plans to suit your needs.

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Wide range of product to choose from

Guidance through out the process making home buying hassle free

Doorstep service at your comfort

Simplified documentation

Sanction approval without having selected a property.

Flexible repayment options

With a network of 2500 branches we are always close to you

Over 900 Bank Branches pan India for servicing of your loans

Free Personal Accident Insurance (Terms & Conditions)

Insurance options for your home loan at attractive premium

Personal LoanOther Loans

Personal Loans for all your financial needs

Thinking of renovating your house? Yearning to buy a new laptop? Need financial assistance for marriage-related expenses or for your child's higher education? An ICICI Bank Personal Loan is your one-stop-shop for fulfilling all your financial aspirations!

ICICI Bank Personal Loan - Key Benefits

Loan up to Rs. 10 Lakhs No security/guarantor required Faster processing. Minimum documentation Attractive rates of interest Flexible repayment option of 12-48 months

ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products

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Commercial Vehicle Loans

Other Loans 

We have extended products like funding of new vehicles, finance on used vehicles, top up on existing loans, working capital loans & other banking products.

We have a range of services on existing loans,as are listed below.

Commercial Vehicle Loans

Reaches you through more than 180 locations across the country Range of products under one umbrella. Funding for trucks, buses, tippers, light commercial vehicles and small commercial

vehicles. Products including funding for new vehicles, finance on used vehicles and top up on

existing loans. Preferred financier status with all leading manufacturers. Simple documentation processes. Quick turn around time. Flexible financing solutions to meet individual requirements.

Car Loans

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Car Loans in India - The Most Preferred Financier

Turn your dream into reality. Own that new car you have always desired, with a little help from us. We offer car loans up to 90% of the ex-showroom price of the car. Our interest rates would pleasantly surprise you. What's more, you can take up to 5 years to repay the loan.

Worried about paperwork? Relax. The process for getting a loan involves only a few simple steps and we will tailor-make the loan to suit your needs.

Pick your choice.

Loan on the Strength of Your Income: Submit income proofs as required and avail finance up to 90% of the ex-showroom price of the car.*

Car Loans with Fixed Interest Rates: ICICI Bank offers new car loans with fixed rate option only.

Disclaimer:"ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products".* Conditions apply

Loan Against Securities

Other Loans Loan Against Securities

Loan Against Securities offers you instant liquidity.

You don’t have to sell your securities. All you have to do is pledge your securities in favour of ICICI Bank. We will then grant you an overdraft facility up to a value determined on the basis of the securities pledged by you. A current account will be opened and you can withdraw money as and when you require. Interest will be charged only on the amount withdrawn and for the time span utilised.

This facility is available against the following securities

Demat Shares Mutual Funds Units Fixed Maturity Plans (FMP) Exchange Traded Funds (ETF) Insurance Policies Savings Bonds NSC/KVP (Demat form)

*Applicable Service Tax shall be levied in accordance with the Finance (No.2) Act 2004.

Two Wheeler Loans

Other Loans Two Wheeler Loans

To know about the service charges on existing two wheeler loans, please click on service charges link.

Services ChargesOther Loans Service Charges for Existing Loans

Description of Charges Two Wheeler LoansAmortisation Schedule Charges Rs. 200/- per ScheduleCharges for late payment (loans) 2% per month on the outstanding installment Cheque return charges Rs. 200/- per Cheque return Cheque Swap Charges Rs. 500/- per transactionDuplicate NOC Charges Rs. 200/- per NOCPrepayment Statement Charges Rs. 100/- per Statement

Prepayment Charges

Lower of the two amount given below:1) 4% of principal outstanding or2) Interest outstanding for unexpired period of the loan

Revalidation of NOC charges Rs. 200/- per NOCNon Refundable Loan Processing Fees 0.25%*Statement of Account Charges Rs. 200/- per Statement

Prepayment OptionsPart prepayment of the loan is not allowedPrepayment is allowed after 6 months from the disbursement of the loan

Charges for changing from fixed to floating rates of interest

Not Applicable

Charges for changing from floating to fixed rates of interest

Not Applicable

Note :

1) Service Tax and other Government tax, levies, etc applicable as per the prevailing rate may be charged over and above these charges at the discretion of ICICI Bank.

2) The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over the site.

3) Interest Reset clause: Not Applicable.

* Currently two wheeler loans are offered on Harley Davidson models only.

Loan Against Gold and Gold Ornaments

Other Loans Loan Against Gold and Gold OrnamentsICICI Bank presents “Loan Against Gold and Gold Ornaments”, designed to provide liquidity against gold and gold ornaments without having to sell them.

This product is ideal to meet agriculture and allied agriculture requirements like cultivation, dairy, poultry, fishery, etc. Gold coin and Gold ornaments lying idle can be put to productive use by availing Loan Against Gold and Gold Ornaments.

The ICICI Bank Edge

Hassle-free quick processing of loans. Simplified paperwork. Easy payment options. Attractive interest rate & LTV. Loan amount ranging from Rs. 10,000 to Rs.15,00,000.

So what are you waiting for?Just walk into any of the select ICICI Bank branches offering this product and get a loan.

Loan Against PropertyHome Loan  |  Loan Against Property  |  Land Loan |  Home Improvement Loan  |  Office Premises Loan  |   EMI Under Construction | Balance Transfer  |  Lease Rental Discounting  |  Home Plus

   Loan Against Property:

Loan Against Property is the perfect way to unlock the hidden value of your property. With this loan, you can fully benefit from life's little surprises you may have earlier passed over due to lack of funds.

Live your dreams with a Loan Against Property! This multi-purpose loan puts funds at your disposal to use as you wish. What's more, this loan is available at a reasonable rate and can be

repaid comfortably over as many as 10 years.

The ICICI Bank's Loan Against Property can be used for any purpose.

Expand your business!

No longer do you have to stifle your creative ideas. With funds at your disposal, you can now expand your business without hesitation.

Get your child married!

Put aside all your monetary worries and celebrate your child's wedding with pomp and splendour. Meet all your expenses with ease-when you take an ICICI Bank Loan Against Property.

Send your child for higher studies!

Education is the cornerstone of your family's progress. With a Loan Against Property, you can empower your son or daughter to grow into an outstanding achiever.

Fund your dream vacation

Do you want to visit the monuments of Europe or take your children to Disneyland? Wait no more! Let your property fund your trip!

Renovate your home!

When you decide to renovate your home you want it be your joy and pride. With ICICI Bank's Loan Against Property you will not need to cut corners. Effortlessly redo your home to match your dreams.

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   Land Loan:

Land loans give an opportunity for individual customer to purchase a residential plot of land to do self-construction. Thus, customer can invest now in a plot of land & build in future. The Land loan can be financed only within municipal limits of HUB locations or in case of direct allotment outside municipal limits by DA.

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•  Service Charges & Fees   •  Tools & CalculatorsHome Improvement Loan

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Home Improvement Loan:

Home Improvement Loan is offered to facilitate improvement of a self-owned dwelling unit to existing or new customer. HIL considers a range of facilities internal or external to the structure without increase in the living pace. Thus, a customer can add or improve facilities to his dwelling unit with a loan at Home Equity Loan rate of interest.

Office Premises LoanHome Loan  |  Loan Against Property  |  Land Loan |  Home Improvement Loan  |  Office Premises Loan  |     EMI Under Construction | Balance Transfer  |  Lease Rental Discounting  |  Home Plus

 

 

Office Premises Loan:

A self-employed businessman or professional needs a permanent address to set up his business. With ICICI Bank's Non-Residential Premises Loans you can do that, easily and conveniently. These loans cover purchase, construction, extension and improvement of office premises. The loan may also be packaged to include the estimated renovation expenses.

Service Charges & Fees

ICICI Bank ensures that you get the best Loans in terms of interest rates and other facilities. You can choose from Adjustable, Fixed or Floating Rate Loan.

Charges Mortgages Loans

Loan Processing Charges / Renewal Charges (Non Refundable)

0.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge

Prepayment Charges No prepayment charge on floating rate home loan irrespective of the source of fund

2% of the outstanding loan amount plus applicable service tax and surcharge on fixed rate home loan and Home plus loan

4% of the outstanding loan amount plus applicable service tax and surcharge on Loan against property, Lease rental discounting and Non residential premises

For one year, two year and three year fixed rate loan the prepayment charge is 2% of the outstanding loan amount plus applicable service tax and surcharge till the time loan is under fixed rate. Once loan moves into floating rate there would be no prepayment charge irrespective of the source of fund

Charges for late payment Home Loans : 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-

Conversion charges for home loan

Floating to Floating0.5% of the principal outstanding plusapplicable taxes

Dual fixed rate to Floating0.5% of the principal outstanding plusapplicable taxes

Floating to Dual fixed rate0.5% of the principal outstanding plusapplicable taxes

Life time fixed to floating1.75% of the principal outstanding plus applicable taxes

Cheque Swap Charges Rs. 500/-

Document Retrieval Charges

Rs. 500/-

Cheque bounce charges Rs. 200/-

Amortisation Schedule Rs.100 per schedule (Inclusive of S.T.)*

Statement of Account Rs.100 per statement (Inclusive of S.T.)*

Final prepayment statement

Rs.100 per statement (Inclusive of S.T.)*

Duplicate No Objection Certificate / No Due Certificate

Rs.100 (Inclusive of S.T.)

Revalidation of No Objection Certificate

Rs.100 per NOC (Inclusive of S.T.)*

Provisional Income Tax Nil

Certificate Final Income Tax Certficate

Nil

Interest Certificate NA

Change of Address Nil

Agreement Copy Nil

No Objection Certificate / No Due Certificate

Nil

Note : Service Tax and other taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges

EMI Under ConstructionHome Loan  |  Loan Against Property  |  Land Loan |  Home Improvement Loan  |  Office Premises Loan  |     EMI Under Construction | Balance Transfer  |  Lease Rental Discounting  |  Home Plus

 

 

EMI Under Construction:

EMI Under Construction is offered for structuring a home loan to enable individuals to commence his EMI in a partly disbursed under construction project. Commencement of EMI ensures re-payment towards principal amount leading to savings in interest and faster repayment of the loan. The EMI paid is as per the sanctioned loan amount and remains constant during the tenure of the loan. The tenure of the loan keeps moving up with additional amount being disbursed.

Home PlusHome Loan  |  Loan Against Property  |  Land Loan |  Home Improvement Loan  |  Office Premises Loan  |   EMI Under Construction | Balance Transfer  |  Lease Rental Discounting  |  Home Plus

   ICICI Bank Home Plus

ICICI Bank Home plus is a unique product available for ICICI Bank Home Loans customers. This is a kind of top up loan that can be availed by home loans customers against their property and can be used to fulfill their immediate needs. Further, since the tenure of this loan is same as existing home loan tenure, payment of EMIs becomes easy.

Purpose of this loan:

The loan can be used for any of the below mentioned purpose:

1. Purchase of car/consumer durables/Furniture2. Children marriage/education3. Business requirements 4. Medical expenses5. Any other personal expenses

Key Features of ICICI Bank Home Plus loan:

1. Loan amount of up to 100% of original loan amount.2. Loan at attractive rate of interest.3. Low EMI payment - repayment period of up to 20 years (subject to outstanding/original

tenure on Home Loan)4. Simple documentation process for existing customers

Applicable Rate of Interest:

Product Effective Floating rateICICI Bank Home Plus 12.25%

Choose the Perfect CardICICI Bank offers a selection of cards to perfectly complement your distinct lifestyle needs.Choose the card that complements your lifestyle.

Types of Cards

Visa Signature Debit Card

The ICICI Bank Visa Signature Debit Card comes with Signature privileges, conveniences and benefits that invite you into the Signature life. For the first time in India, you as a Global Private Client can look forward to a premium card that brings you a host of distinctive experiential offerings in sync with your evolving lifestyle needs.

ICICI Bank Visa Signature Debit Card Benefits

High withdrawal limit & transaction limitEnjoy a high cash withdrawal limit of Rs.1.5 lac per day and transaction limit of Rs.2.5 lac per day.

Online transactionsYou can use your ICICI Bank Visa Signature Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for " Verified by VISA". Online transaction limit per day (w.e.f. October 1, 2011) for ICICI Bank Signature Card is Rs. 2.5 lac per day.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at all petrol stations.

PAYBACK RewardsEarn 5°points on every Rs. 100 spent at merchant establishment in India.You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

5 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card.

InsuranceAir Accident insurance of Rs. 3 cr, personal accident insurance of Rs. 15 lacs and purchase protection of Rs. 5 lacs, Click Here

Zero Liability ProtectionThe ICICI Bank Visa Signature Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your ICICI Bank Visa Signature Card.

Itemized billingYour ICICI Bank Visa Signature Debit Card allows you to track your spends on a regular basis.

The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at all petrol stations.

MasterCard World debit card

We are pleased to introduce the 'ICICI Bank MasterCard World debit card', which comes packed with comforts and conveniences. Your ICICI Bank World chip debit card will entitle you to a number of 'special discounts and conveniences and rewards' like never before.

ICICI Bank MasterCard World debit card benefits:

High withdrawal limit and transaction limit Enjoy a high cash withdrawal limit of Rs.1 Lac per day and transaction limit of Rs. 2 Lac per day.

Online transactionsYou can use your ICICI Bank World Chip debit card on the internet for buying travel or movie tickets, paying your bills and much more. The online transaction limit per day for your ICICI Bank World card is Rs.2 Lac.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at all petrol stations.

Insurance#Air accident insurance of Rs. 20 Lac, personal accident insurance of Rs. 10 Lac and purchase protection of Rs. 2 Lac.

PAYBACK RewardsEarn 4° points on every Rs. 100 spent at merchant establishment in India.You can earn points as follows

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

4 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

Zero Liability ProtectionYour ICICI Bank MasterCard World debit card comes with the added security of Zero Liability, a unique feature which protects you against unauthorised purchase or loss, theft or misplacement. All you need to do is call our 24-hour Customer Care Centre within 30 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.

Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your World card.

Itemized billingYour ICICI Bank MasterCard World debit card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs. 400 and above, at all petrol stations.

Platinum Chip Card

We are pleased to introduce the ‘ICICI Bank Platinum Identity Chip debit card’, which comes packed with comforts and conveniences. Your ICICI Bank Platinum Identity Chip debit card will entitle you to a number of ‘special discounts and conveniences and rewards’ like never before.

ICICI Bank Platinum Identity Chip debit card benefits:

High withdrawal limit and transaction limit

Enjoy a high cash withdrawal limit of Rs.1 Lac per day and transaction limit of Rs. 2 Lac per day. Online transactions

You can use your ICICI Bank Platinum Identity Chip debit card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for "Verified by VISA". The online transaction limit per day for your ICICI Bank Platinum card is Rs. 2 lacs (w.e.f. October 1, 2011).

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at all petrol stations.

Insurance#Air accident insurance of Rs. 20 Lac, personal accident insurance of Rs. 10 Lac and purchase protection of Rs. 2 Lac.Click Here

PAYBACK RewardsEarn 4°points on every Rs. 100 spent at merchant establishment in India. You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK Points per Rs. 100

4 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

Zero Liability ProtectionYour ICICI Bank Platinum Identity Chip debit card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card is changing. Click here for more details

Better TrackingReceive instant SMS alerts on transaction made on your Platinum card.

Itemized BillingYour ICICI Bank Platinum Identity Chip debit card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs. 400 and above, at all petrol stations.

Platinum Debit Card

We are pleased to introduce ICICI Bank Platinum Debit Card, which comes packed with comforts and conveniences. Your ICICI Bank Platinum Debit Card will entitle you to a number of special discounts and conveniences and rewards like never before.

ICICI Bank Platinum Debit Card Benefits

High withdrawal limit & transaction limitEnjoy a high cash withdrawal limit of Rs.1 lac per day and transaction limit of Rs.2 lacs per day.

Online transactionsYou can use your ICICI Bank Platinum Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for " Verified by VISA". Online transaction limit (w.e.f. October 1, 2011) per day for ICICI Bank Platinum Card is Rs. 2 lacs per day.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at all petrol stations.

PAYBACK RewardsEarn 4 ° points on every Rs. 100 spent at merchant establishment in India. You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

4 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 20 lacs, personal accident insurance of Rs. 10 lacs and purchase protection of Rs. 2 lacs, Click Here

Zero Liability Protection

Your ICICI Bank Platinum Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your Platinum Card.

Itemized billingYour ICICI Bank Platinum Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at all petrol stations.

Privilege Banking Titanium Debit Card

ICICI Bank introduces the ICICI Bank Privilege Banking Titanium Debit Card packed with a host of benefits and special privileges. Having this card in your wallet is like carrying your bank account with you wherever you go. Enjoy unrestricted shopping, savings with special discounts, higher Reward Points earnings and the complete security of not having to carry large amounts of cash around with you.

ICICI Bank Privilege Banking Titanium Debit Card Benefits

High withdrawal limit & transaction limitEnjoy a high cash withdrawal limit of Rs.1 lac per day and transaction limit of Rs.1.5 lac per day.

Online transactionsYou can use your ICICI Bank Privilege Banking Titanium Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for "Master Card SecureCode "Online transaction limit per day (w.e.f. October 1, 2011) for ICICI Bank Privilege Banking Titanium Debit Card is Rs. 1.5 lac per day.

Fuel surcharge waiverAs an ICICI Bank Privilege Banking Titanium Debit Card holder, you get a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL pumps. This leads to more savings and more convenience. All you have to do is to produce your ICICI Bank Privilege Banking Titanium Debit Card at the HPCL petrol pump, swipe it on an ICICI Bank Terminal only and save surcharge on your fuel purchases.

PAYBACK RewardsEarn 3 °points on every Rs 100 spent at merchant establishment in India. You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

3 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 15 lacs, personal accident insurance of Rs. 5 lacs and purchase protection of Rs. 1 lac, Click Here

Zero Liability ProtectionThe ICICI Bank Privilege Banking Titanium Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better trackingReceive instant SMS alerts on transaction made at merchant establishments.

Itemized billingYour ICICI Bank Privilege Banking Titanium Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement.

* 2.5% surcharge waived on fuel spends of Rs.400 and above, at select HPCL outlets.

Business Debit Card

We are pleased to introduce ICICI Bank Business Debit Card, packed with a host of benefits and special privileges. Having this card in your wallet is like carrying your bank account wherever you go. Enjoy unrestricted shopping, savings with special discounts, higher ‘Reward Points’ earnings and the complete security of not having to carry large amounts of cash with you.

The benefits of ICICI Bank Business Debit Card include:

High withdrawal limit and transaction limitEnjoy a high cash withdrawal limit of Rs. 50,000 per day and a transaction limit of Rs. 100,000 per day.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL petrol stations. Make sure your card is swiped on an ICICI Bank machine

PAYBACK RewardsEarn 2 °point on every Rs.100 spent at a shop in IndiaYou can earn points as follows:

At merchant

establishment in India

At Indian Websites

At merchant establishment

located outside India

PAYBACK Points per Rs. 100

2 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

Insurance Air Accident Insurance of Rs. 10 lac, Personal Accident Insurance (non-air) of Rs. 1 lac and purchase protection of Rs. 50,000 Click Here.

Zero Liability ProtectionYour ICICI Bank Business Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or

misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better TrackingReceive instant SMS alerts on transactions made on your Business Debit Card.

Itemized BillingYour ICICI Bank Business Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card (such as the date, merchant name and amount) would be mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at HPCL petrol stations. Applicable only when ICICI Bank Business Debit Card is swiped on ICICI Bank terminals.

Gold Debit Card

Enjoy Gold privileges while shopping with your ICICI Bank Smart Shopper Gold Debit Card. Avail attractive discounts for shopping, dining and more while you continue to enjoy all the benefits that are yours with the ownership of an ICICI Bank Debit card. The Gold Card entitles you to a high cash withdrawal and transaction limit

ICICI Bank Smart Shopper Gold Debit Card Benefits

High withdrawal limit & transaction limit Enjoy a high cash withdrawal limit of Rs. 50,000 per day and transaction limit (w.e.f. October 1, 2011) of Rs. 75,000 per day

Online transactionsYou can use your ICICI Bank Smart Shopper Gold Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for "

Verified by VISA". Online transaction limit per day (w.e.f. October 1, 2011) for ICICI Bank Smart Shopper Gold Card is Rs. 75,000.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL petrol stations.

PAYBACK RewardsEarn 2 °Points on every Rs.100 spent at merchant establishment in India.You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

2 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 10 lac, personal accident insurance of Rs. 1 lac and purchase protection of Rs. 50000, Click Here

Zero Liability ProtectionThe ICICI Bank Smart Shopper Gold Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card is changing. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your Smart Shopper Gold Card.

Itemized billingYour ICICI Bank Smart Shopper Gold Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at HPCL petrol stations. Applicable only when ICICI Bank Smart Shopper Gold Debit Card is swiped on ICICI Bank terminals.

Woman's Debit Card

A Debit Card specially designed for the woman of today! Packed with conveniences every woman will cherish. Avail attractive discounts for shopping, dining and more while you continue to enjoy all the benefits that are yours with the ownership of an ICICI Bank Debit card.

ICICI Bank Woman's Debit Card Benefits

High withdrawal limit & transaction limit Enjoy a high cash withdrawal limit of Rs.25,000 per day and POS transaction limit ( w.e.f. June 01, 2012) of Rs.50,000 per day.

Online transactionsYou can use your ICICI Bank Woman's Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for "Master Card SecureCode "Online transaction limit per day (w.e.f. June 01, 2012) for ICICI Bank Woman's Debit Card is Rs. 50,000 per day.

PAYBACK RewardsEarn 1 °point on every Rs.100 spent at merchant establishment in India.You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

1 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 50000 and purchase protection of Rs. 25000, Click Here

Zero Liability ProtectionYour ICICI Bank Woman's Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.

Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your Woman's Card.

Itemized billingYour ICICI Bank Woman's Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant name and amount are mentioned in your bank statement.

Silver Debit Card

Enjoy Silver privileges while shopping with your ICICI Bank Smart Shopper Silver Debit Card. Avail attractive discounts for shopping, dining and more while you continue to enjoy all the benefits that are yours with the ownership of an ICICI Bank Debit Card.

ICICI Bank Smart Shopper Silver Debit Card Benefits

Withdrawal limit & transaction limitEnjoy a high cash withdrawal limit of Rs. 25,000 per day and transaction limit (w.e.f. June 01, 2012) of Rs. 50,000 per day.

Online transactionsYou can use your ICICI Bank Smart Shopper Silver Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for " Verified by VISA". Online transaction limit per day (w.e.f. June 01, 2012) for ICICI Bank Smart Shopper Silver Card is Rs. 50,000.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL petrol stations. You can earn points as follows:

PAYBACK RewardsEarn 1 ° point on every Rs.100 spent at merchant establishment in India.

You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

1 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 50000 and purchase protection of Rs. 25000, Click Here

Zero Liability ProtectionThe ICICI Bank Smart Shopper Silver Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your Smart Shopper Silver Card.

Itemized billingYour ICICI Bank Smart Shopper Silver Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at HPCL petrol stations. Applicable only when ICICI Bank Smart Shopper Silver Debit Card is swiped on ICICI Bank terminals.

HPCL Debit Card

ICICI Bank and HPCL bring you the HPCL Debit Card - a debit card designed with your convenience in mind. Simply hand it over at any HPCL pump and save on your fuel purchases. In fact you can use the card for all your shopping, dining and travelling needs; so, you spend with total control.

ICICI Bank HPCL Debit Card Benefits

High withdrawal limit & transaction limitYou enjoy a per-day transaction limit of Rs.25,000 for ATM withdrawals and for POS transaction ( w.e.f. June 01, 2012) limit is Rs.50,000

Online transactions.You can use your ICICI Bank HPCL Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for " Verified by VISA". Online transaction limit per day ( w.e.f. June 01, 2012) for ICICI Bank HPCL Card is Rs. 50,000.

Fuel surcharge waiverAs an ICICI Bank HPCL Debit Card holder, you get a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL pumps. This leads to more savings and more convenience. All you have to do is to produce your ICICI Bank HPCL Debit Card at the HPCL petrol pump, swipe it on an ICICI Bank Terminal only and save surcharge on your fuel purchases.

PAYBACK RewardsEarn 1 °Point on every Rs.100 spent at merchant establishment in India.You can earn points as follows:

At merchant establishment

in IndiaAt Indian Websites

At merchant establishment located outside India

PAYBACK points per Rs. 100

1 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 50000 and purchase protection of Rs. 25000, Click Here

Zero Liability Protection

Your ICICI Bank HPCL Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card has changed. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your HPCL Card.

Itemized billingYour ICICI Bank HPCL Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant name and amount are mentioned in your bank statement.

* 2.5% surcharge waived on fuel spends of Rs.400 and above, at select HPCL outlets.

Privilege Banking Gold Debit Card

Enjoy Gold privileges while shopping with your ICICI Bank Privilege Banking Gold Debit Card. Avail attractive discounts for shopping, dining and more while you continue to enjoy all the benefits that are yours with the ownership of an ICICI Bank Debit card. The Privilege Banking Gold Debit Card entitles you to a high cash withdrawal and transaction limit

ICICI Bank Privilege Banking Gold Debit Card Benefits

Platinum PrivilegesEnjoy! Visa Platinum Privileges. Click here for more details

High withdrawal limit & transaction limit Enjoy a high cash withdrawal limit of Rs. 50,000 per day and transaction limit (w.e.f. October 1, 2011) of Rs. 75,000 per day.

Online transactionsYou can use your ICICI Bank Privilege Banking Gold Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for " Verified by VISA". Online transaction limit per day (w.e.f. October 1, 2011) for ICICI Bank Privilege Banking Gold Debit Card is Rs. 75,000.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL petrol stations.

PAYBACK RewardsEarn 2 ° points on every Rs.100 spent at merchant establishment in India.You can earn points as follows:

At merchant

establishment in India

At Indian Websites

At merchant establishment

located outside India

PAYBACK points per Rs. 100

2 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 10 lac, personal accident insurance of Rs. 1 lac and purchase protection of Rs. 50000, Click Here

Zero Liability ProtectionYour ICICI Bank Privilege Banking Gold Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card is changing. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your Privilege Banking Gold Debit Card.

Itemized billingYour ICICI Bank Privilege Banking Gold Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at HPCL petrol stations. Applicable only

when ICICI Bank Privilege Banking Gold Debit Card is swiped on ICICI Bank terminals

Smart Shopper Silver Debit Card

Enjoy Silver privileges while shopping with your ICICI Bank Smart Shopper Silver Debit Card. Avail attractive discounts for shopping, dining and more while you continue to enjoy all the benefits that are yours with the ownership of an ICICI Bank Debit Card.

ICICI Bank Smart Shopper Silver Debit Card Benefits:

Platinum PrivilegesEnjoy! Visa Platinum Privileges. Click here for more details

Withdrawal limit & transaction limit Enjoy a high cash withdrawal limit of Rs. 25,000 per day and transaction limit (w.e.f. June 01, 2012) of Rs. 50,000 per day.

Online transactionsYou can use your ICICI Bank Smart Shopper Silver Debit Card on the internet for buying travel or movie tickets, paying your bills and much more. All you need to do is register yourself for " Verified by VISA". Online transaction limit per day (w.e.f. June 01, 2012) for ICICI Bank Smart Shopper Silver Card is Rs. 50,000.

Fuel surcharge waiverGet a waiver of 2.5% surcharge* for the fuel transactions you make at HPCL petrol stations.

PAYBACK RewardsEarn 1 °point on every Rs.100 spent at merchant establishment in India.You can earn points as follows:

At merchant At Indian Websites At merchant establishment

establishment in India located outside India

PAYBACK Points per Rs. 100

1 5 10

Note: W.e.f 1-April-2012 you will not earn reward points on mutual fund and insurance premium payment made through your ICICI Bank Debit Card

InsuranceAir Accident insurance of Rs. 50000 and purchase protection of Rs. 25000, Click Here

Zero Liability ProtectionThe ICICI Bank Smart Shopper Silver Debit Card comes with the added security of Zero Liability, a unique feature which protects your debit card against unauthorised purchases on loss, theft or misplacement. All you need to do is call our 24-hour Customer Care within 15 days to report loss or misuse and provide the necessary documents. The balance in your account will be restored.Effective August 1, 2011, the Terms and Conditions of Zero Liability Protection on your Debit Card is changing. Click here for more details

Better trackingReceive instant SMS alerts on transaction made on your Smart Shopper Silver Card.

Itemized billingYour ICICI Bank Smart Shopper Silver Debit Card allows you to track your spends on a regular basis. The details of the purchases made on your card, along with the date, merchant's name and amount are mentioned in your bank statement.

*2.5% surcharge waived on fuel spends of Rs.400 and above, at HPCL petrol stations. Applicable only when ICICI Bank Smart Shopper Silver Debit Card is swiped on ICICI Bank terminals.

Personal Banking >> Insurance

Insurance Policy

At ICICI Bank, we understand your financial needs. Along with deposit and loan products, we offer you the facility to invest in Life Insurance, General Insurance. Our "Buy Online" feature provides you the ease and convenience of completing your transactions entirely online without having to move out of your desk.

General Insurance

Secure your family's health, insure yourself against medical emergencies when travelling abroad, insure your vehicle and your home with our General Insurance policies.Buy them online in a matter of minutes - Save your time and your money !

 

 

Life Insurance

Life Insurance Policies gives your family the promise of protection; secure their future even when you are not around to take care of them. Life insurance is a unique investment tool that helps you to meet your dual needs - saving for life's important goals, and protecting your assets. Now buy life insurance at the click of a button.

Card Protection Plan

ICICI Bank introduces the CPP Card Protection, India's first comprehensive card protection service. It can be used in the event of card loss, theft, any related fraud and emergencies. You can safeguard all financial and non-financial cards including credit, debit, loyalty and membership Cards with CPP Card Protection.