Eligible sellers can find ICICI bank offer on their Flipkart Seller Center account portalICICI Bank today announced that it will provide an immediate and entirely digital overdraft (OD) center of up to Rs 25 lakh to the specific sellers and organizations registered on the e-commerce platform Flipkart.
The leading private sector lender will partner with Flipkart for the effort - which will assist sellers to avail an OD from ICICI bank quickly in a process - from application - to sanction - to disbursement, according to a statement released by ICICI Bank today.Here are the benefits of 'InstaOD' for Flipkart sellers: End to end digital processing: Sellers registered on Flipkart can obtain the OD quickly through Flipkart Seller Center, an online portal for Flipkart sellers, in a totally digital and paperless mannerQuick examination: ICICI Bank evaluates sellers instantly on the basis of their Credit Bureau rating and their deal history on Flipkart, making the loan approval procedure easy and fast.
Immediate sanction and disbursal: The authorized OD amount is instantly approved and paid out into the seller's present accountInterest benefit: Interest is payable just on the amount of OD used by sellersAuto-renewal facility: The OD is eco-friendly on a yearly basis, depending on the payment track records of the seller Below fast actions for the sellers to obtain the 'InstaOD': View offer: Qualified sellers can discover the ICICI bank deal on their Flipkart Seller Center account portalClick on the banner: The seller is rerouted to ICICI bank's 'InstaOD' platform upon clicking the banner on the Flipkart Seller Hub portalFill the application form: The seller requires to visit and fill out the digital application.
Confirm to sanction quantity: Upon confirmation of the amount from the seller, the OD is instantly approved.
If the seller currently has a current account with ICICI bank, then the seller can instantly begin utilizing the ODAccount opening for a new-to-bank seller: Sellers brand-new to ICICI Bank, will be redirected for an instant opening of bank account and KYC recognition.