Last Updated on July 18, 2023
A current account is very beneficial for proprietors, startups, and business professionals to cater to different financial needs. The ICICI bank provides various services related to the current account. The ICICI bank provides its customer with anywhere banking that allows them to avail facilities from any branch like internet banking, bulk transactions, doorstep banking, upcountry cheques, etc.
Table of Contents
- Procedure for opening ICICI Bank Current Account
- Documents Required to open ICICI Current Account
- Types of ICICI Current Account
- Conclusion
- Frequently Asked Questions
Procedure to open Current Account in ICICI Bank
The customer willing to open an ICICI bank current account can do so through an offline process by visiting the nearest bank branch or an online process. Following are the steps you need to follow:
Online Process:
Firstly, open the official website of ICICI bank. Go to the business section or click this URL https://www.icicibank.com/business-banking/current-account/index.page
- Then, Click on the Apply now button on the section opened.
- The ICICI digital current account form opens up. Enter all the personal details like name, phone number, email id.
- After entering the details, click on ‘Next’.
- An OTP will be received on your registered mobile number for verification.
- Once verified, click on Next, upload all the required KYC documents.
- Select the variant for ICICI digital current account.
- Further confirmation will be through a call from the bank and an executive will visit your place for verification.
Documents Required for ICICI Bank Current Account
Following are the list of documents that you may require to open a Current Account in ICICI Bank:
- Recent passport size colour photograph
- Account opening cheque
- Identify Proof document: Driving license, PAN card, passport, Aadhar card, voting card, etc.
- Address proof document: Aadhar card, passport, driving license, voting card, utility bills, etc.
Visit ICICI bank’s website for list of required documents for opening a current account.
Types of ICICI Current Account
ICICI bank provides various types of current accounts that differ in the features, fees, and minimum balance requirements.
Variants of Regular Current Account
| ICICI Bank current accounts | Features |
| Facilities like free mobile alerts, and zero minimum balance current account. | Roaming Current Account Premium |
| Shubhaarambh current account | Zero minimum balance and free NEFT and RTGS transactions. |
| Smart Business current account | Free RTGS and NEFT and variant change. |
| Smart Business current account Gold | Free RTGS and NEFT and cheque collection and payments. |
| Roaming Current account Gold | Free cheque collection and payment and product type change. |
| Roaming Current account Premium | Free transaction of non-cash collection. |
| Roaming Current account Classic | Free RTGS and NEFT and cheque collection and payments. |
| Roaming current account standard | Free RTGS and NEFT and cheque collection and payments. |
Variants of Premium Current Account
| ICICI Bank current accounts | Features |
| Club Elite Ivy | Dedicated relationship manager and unlimited transaction. |
| Roaming Current account Elite | Free mobile alerts, RTGS and NEFT. |
| Smart Business account- Platinum | Free mobile alerts, RTGS and NEFT. |
| Roaming Current account- Platinum | Free RTGS and NEFT and cheque collection and payments. |
| Roaming Current account Gold Plus | Free mobile alerts, cheque collection and payment anywhere. |
| Made 2 order | Customize account and charge for services. |
Let’s check the details of each of these current accounts offered by ICICI Bank.
New Startup Current Account
The New Startup current account offers various benefits and is ideal for a startup.
| Features | Charges |
| Average Monthly balance (MAB) | For the first 6 months, No MAB required. After 6 months – 25,000 |
| Cash deposit at base and non-base location | For maintained monthly balance, free limit up to 12 times. |
| Base location Cash withdrawal | Free and unlimited |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees |
| Number of cheque leaves | Per month 100 free cheque leaves |
| DD/PO | Per month 10 free DD/PO |
| Balance of Non-maintenance | Per month 1000 rupees |
| Charges for NEFT/RTGS | NEFT/RTGS collections no charges |
| Payment for IMPS | Up to rupees 10,000 charges are 3.50 rupees |
| Physical account monthly statement | Per month 25 rupees |
| Charges for account closure | No charges within 14 days |
Shubhaarambh Current Account
| Features | Charges |
| Average Monthly balance (MAB) | Up to rupees, 10,000 charges are 3.50 rupees |
| Cash deposit at base and non-base location | For maintained monthly balance, free limit up to twelve times. |
| Base location Cash withdrawal | Free and unlimited |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees |
| Number of cheque leaves | Per month 100 free cheque leaves |
| DD/PO | Per month 10 free DD/PO |
| Balance of Non-maintenance | Per month 1000 rupees |
| Charges for NEFT/RTGS | NEFT/RTGS collections no charges |
| Payment for IMPS | Up to rupees 10,000 charges are 3.50 rupees |
| Physical account monthly statement | Per month 25 rupees |
| Charges for account closure | No charges within 14 days |
Smart Business Current Account
The Smart business account is the current account that provides free mobile alerts facility and transaction benefit to their customers.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 25,000 , for RIB -50,000 rupees |
| Cash deposit at base and non-base location | For maintained monthly balance, free limit up to twelve times. |
| Base location Cash withdrawal | Free and unlimited |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees |
| Number of cheque leaves | Per month 100 free cheque leaves |
| DD/PO | Per month 10 free DD/PO |
| Balance of Non-maintenance | Per month 1000 rupees |
| Charges for NEFT/RTGS | NEFT/RTGS collections no charges |
| Payment for IMPS | Up to rupees 10,000 charges are 3.50 rupees |
| Physical account monthly statement | Per month 25 rupees |
| Charges for account closure | No charges within 14 days |
Smart Business Account (Gold)
This current account allows free cash deposits up to 12 times.
| Features | Charges |
| Average Monthly Balance (MAB) | MAB required – Rs. 1 lakh |
| Cash deposit at the base and non-base location | For maintained monthly balance, free limit up to twelve times. |
| Base location Cash withdrawal | Free and unlimited |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees |
| Number of cheque leaves | Per month 300 free cheque leaves |
| DD/PO | Per month 25 free DD/PO |
| Balance of Non-maintenance | If MAB >= 50%Rs. 1000 If MAB < 50%Rs. 3000 |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions |
| Payment for IMPS | Up to Rs. 25,000 charges are Rs. 3.50 |
| Physical account monthly statement | Per month 25 rupees |
| Charges for account closure | No charges within 14 days |
Roaming Current Account Gold Variant
It is ideal for medium-sized retailers with facilities like free cheque collection and payment.
| Features | Charges |
| Average Monthly Balance (MAB) | MAB required – Rs. 1 lakh |
| Cash deposit at base location | For a maintained monthly balance, free limit is up to Rs. 10 lakh. |
| Base location Cash withdrawal | Free and unlimited |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees |
| Number of cheque leaves | Per month 200 free cheque leaves. |
| DD/PO | Per month 25 free DD/PO |
| Balance of Non-maintenance | Per month Rs. 2000 |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50 |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days |
Roaming Current Account Premium Variant
It offers free cheque collection, payment, and unlimited cash withdrawal.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 50,000 |
| Cash deposit at base location | For maintained monthly balance, free limit up to Rs. 5 lakh. |
| Base location Cash withdrawal | Free and unlimited. |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 100 free cheque leaves. |
| DD/PO | Per month 20 free DD/PO. |
| Balance of Non-maintenance | Per month Rs. 1500. |
| Charges for NEFT/RTGS | No charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50 |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Roaming Current Account Classic Variant
in the ICICI bank is suitable for local businesses. It offers free cheque collection and payment from anywhere in the country.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 25,000 |
| Cash deposit at base location | For maintained monthly balance, free limit up to Rs. 2.5 lakh. |
| Base location Cash withdrawal | Free and unlimited. |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 50 free cheque leaves. |
| DD/PO | Per month 10 free DD/PO |
| Balance of Non-maintenance | Per month Rs. 1000 |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50 |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Roaming Current Account Standard Variant
It provides free facilities like NEFT and RTGS transactions.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 10,000 |
| Cash deposit at base location | For maintained monthly balance, free limit up to Rs. 1 lakh. |
| Base location Cash withdrawal | Free and unlimited. |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 25 free cheque leaves. |
| DD/PO | Nil |
| Balance of Non-maintenance | Per month Rs. 750 |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50 |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Roaming Current Account Elite Variant
It provides free mobile alerts facility and is suitable for high-end businesses.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 10 lakh |
| Cash deposit at base location | For maintained monthly balance, free limit up to Rs. 1 Crore |
| Base location Cash withdrawal | Free and unlimited |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 2000 free cheque leaves. |
| DD/PO | Free of charge. |
| Balance of Non-maintenance | If MAB >= 50% Rs. 5000 If MAB < 50%10,000 |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50 |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Smart Business Account (Platinum)
It offers facilities like free mobile alerts and other financial benefits.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 1 lakh. |
| Cash deposit at base and non-base location | For maintained monthly balance, free limit up to twelve times. |
| Base location Cash withdrawal | Free and unlimited. |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 600 free cheque leaves. |
| Charges of non-maintenance of minimum balance | If MAB >= 50% – Rs. 1000 If MAB < 50% – Rs. 5000 . |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | If MAB >= 50% – Rs. 1000 If MAB < 50% – Rs. 5000. |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Roaming Current Account Platinum Variant
It provides facilities like free cheque collection and payment collection from anywhere in the country.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 5 lakh. |
| Cash deposit at base location | For maintained monthly balance, free limit up to Rs. 50 lakh. |
| Base location Cash withdrawal | Free and unlimited. |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 1000 free cheque leaves. |
| DD/PO | Free of charge. |
| Balance of Non-maintenance | If MAB >= 50%, Rs. 2,500 If MAB < 50%, Rs. 5,000. |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50. |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Roaming Current Account Gold Plus Variant
It is suitable for bulk transactions and is provided with facilities like free cheque collection and payment from anywhere in the country.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 3 lakh. |
| Cash deposit at base location | For maintained monthly balance, free limit up to Rs. 30 lakh. |
| Base location Cash withdrawal | Free and unlimited. |
| Non-Base location Cash withdrawal | Per day free limit of 50,000 rupees. |
| Number of cheque leaves | Per month 600 free cheque leaves. |
| DD/PO | Free of charge. |
| Balance of Non-maintenance | Per month Rs. 3,000. |
| Charges for NEFT/RTGS | no charges for NEFT and RTGS transactions. |
| Payment for IMPS | Up to Rs. 10,000 charges are Rs. 3.50. |
| Physical account monthly statement | Per month 25 rupees. |
| Charges for account closure | No charges within 14 days. |
Made-to-Order Account
It allows customers to customize their accounts based on their specific business needs accordingly.
| Features | Charges |
| Average Monthly balance (MAB) | MAB required – Rs. 3 lakh. |
| Cash deposit at base and non-base location | Cash deposit limit is flexible. |
| Services of free limits | Flexibility to decide the higher free limits. |
| Number of cheque leaves | Flexibility Option to choose cheque leaves. |
| DD/PO | DD/PO limits can be customised. |
| Account Statement | Daily basis email statement for free. |
Conclusion
If you are a new business owner looking for a reliable Indian bank with a history of good banking and higher adaptability, then go with the ICICI Bank for current accounts. To make your business financial transactions seamless and fast, ICICI is the first choice for many startups and bigger companies functioning in India. They provide a wide variety of current accounts according to the needs of the business. You can check the above current account variants or request a call from ICICI bank customer care for more details.
Frequently Asked Questions
1. How to open an ICICI Bank current account online?
Ans. User can visit ICICI Bank’s official website and apply for opening a current account online.
2. How can one get a statement for ICICI Bank’s current account?
Ans. To get a statement for ICICI bank current statement, follow the steps given below:
- Login to ICICI Corporate Net banking for a current account using login Id and password
- Click on the E-statement button
- Enter the account number, period, and click on the PDF to generate the document
3. How to contact customer care for ICICI bank’s current account?
Ans. For customer care assistance, you can call on the toll-free numbers 1800 103 8181, 1860 120 3399, 1860 120 7777. If you have some other queries, you can also check their website,
4. What are the variants of one global trade account for the ICICI current account?
Ans. There are 3 types of global trade accounts for the ICICI current accounts: Trade Basic, Trade Gold, and Trade Premium.
5. What is the Club Elite Ivy provided by ICICI Bank?
Ans. Considering the banking needs for the special current account clients, Club Elite Ivy is an exclusive relationship program provided by ICICI Bank.
