Your Cookie Settings

Select and switch on & off the cookie settings you are comfortable with

Essential

These cookies are vital for smooth browsing, faster page loading, and ensuring the website works as it should. This feature is always active.

Performance & Statistical

These cookies recognize you, remember your preferences, and track site performance, ensuring proper functionality without direct identification.

Targeting

Targeting cookies customize your experience by showing offers that match your interests, making your visit more relevant and engaging.
header main logo header main logo
Popup Like Icon

We Value Your Feedback!

Thank you for using our Website! Please share your valuable feedback on your website experience.
MAYBE LATER
GIVE FEEDBACK

Want us to call you back?

Give us a few details for us to help you!

 

 

Example: For a FlexiCash limit of ₹ 1,00,000 at 12.5% per annum using ₹ 10,000 for 15 days, an interest charge of ₹ 51.37 will be incurred Mean Interest Rate for Q1 FY25: 13.86% (average rate for accounts opened that quarter, based on customer category) Renewal: Automated annual renewal subject to norms with fixed rates potentially changing upon renewal after 12 months.

 

 

 

 

 

FlexiCash FAQs

What are the restrictions imposed on using the Overdraft funds?

According to the RBI guidelines and ICICI Bank’s policy, Overdraft funds must only be used for their intended purpose. They are not allowed to be used for prohibited activities such as investing in real estate, gambling, digital currency or repaying other credit facilities. Violation of these rules may result in the Account being freeze marked or closed.

What is the FlexiCash facility?

The FlexiCash facility is an Overdraft service extended to selected ICICI Bank customers based on their banking relationship and other criteria. This service allows customers to use a Pre-approved limit from their Salary Accounts to issue cheques, pay EMIs and carry out transactions at ATMs and POS terminals.

How is the repayment process for FlexiCash managed?

Repayment is seamless. The owed amount is automatically deducted from the Salary Account when a sufficient balance is available.

Are there any fees associated with FlexiCash?

Yes, according to the Bank's pricing structure, a Processing Fee is charged on the Overdraft limit. This fee is due in the first month of using the facility.

What are the FlexiCash tenure options?

The FlexiCash facility can be used for up to 12 months, after which it will be auto-renewed if it meets the Bank’s criteria unless you request closure.

Can I pay off my FlexiCash early or close the facility before the term ends?

Yes, with FlexiCash, you can request closure by submitting a closure application after paying the outstanding dues. You can submit a request at any ICICI Bank Loan Servicing Branch.

What documentation is needed for customers who do not have a Pre-approved FlexiCash offer?

Customers who do not have a Pre-approved FlexiCash offer need to provide KYC and income documents to apply for the facility.

View All FAQ’s

Disclaimer

PROCEED