ICICI Bank introduces ‘Insta FlexiCash’
ICICI Bank introduces ‘Insta FlexiCash’ Enables Salary Account customers to get instant approval for OD An end-to-end digital facility; the customer does not need to visit branch ICICI Bank today announced the launch of a facility, that enables its Salary Account customers to get approval for overdraft (OD) instantaneously and in a paperless manner. Called, ‘Insta Flexicash’, the end-to-end fully digital facility can be availed using the Bank’s internet banking platform. The facility comes handy to lakhs of the Bank’s pre-approved customers who can apply for the OD from the comfort of their home, without visiting a bank branch. The facility can be sanctioned immediately while customers can start using the approved OD limit within 48 hours. The interest payable on the OD is calculated on the basis of the actual amount availed by the customer, not on the full amount of the OD sanctioned. Talking about the initiative, Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “We at...