INSUBCONTINENT EXCLUSIVE:
The fee applicable will be 2 per cent of overdraft amount excluding applicable taxes.
ICICI Bank offers overdraft facility under which customer can withdraw money from the current
account to the extent of sanctioned limit
According to ICICI bank, an overdraft is a limit which is set up in customer's current account for business purpose
ICICI Bank is offering its MSME (micro, small and medium enterprises) customers an overdraft facility of up to Rs 15 lakh through InstaOD
InstaOD is an online lending platform which caters to working capital requirements and provides instant disbursement, said country's
Customers can apply for ICICI Bank's InstaOD facility either by clicking the offer banner after login to corporate internet banking on the
website and click InstaOD facility available under business loans section.Eligibility: Existing ICICI Bank customers who are individuals and
proprietors can avail the InstaOD facility
The fee applicable will be 2 per cent of overdraft amount excluding applicable taxes and will be non-refundable.Tenure: The tenure of
InstaOD facility will be for 12 months from the date of limit setup and the facility is renewable at the end of 12 months at the discretion
