ICICI Bank has announced the launch of a dedicated branch for startups in Bengaluru, aimed at empowering India’s growing startup ecosystem.
The newly opened branch is designed to serve as a one-stop destination for emerging businesses at various stages of their journey, offering a comprehensive range of digital and physical banking solutions.
The branch will provide a variety of business banking facilities, including current accounts (such as GIFT City accounts), overdraft facilities, corporate credit cards, escrow services, foreign currency accounts, and working capital loans.
These loans are supported by instruments like Standby Letters of Credit (SBLC), Fixed Deposits, and the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
In addition to business banking, the branch will offer tailored personal banking services for startup founders and employees.
These include family banking, 3-in-1 demat accounts, HUF accounts, home loans, loans against property, gold loans, personal loans, credit cards, and investment options.
To support seamless digital banking, the ICICI Bank branch will offer Corporate Internet Banking (CIB), the InstaBIZ app, Trade Online, and an Integrated Payment System for vendor and tax payments. Other services include e-collections, e-mandates, payment gateway solutions, and UPI offerings.
Startups will also be able to access over 250 APIs via the bank’s Developer Portal for smooth integration across payments, collections, and auto-reconciliation processes.
Furthermore, the branch will support global business needs by offering swift remittance services and assisting with Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI) transactions.
ICICI Bank continues to strengthen its presence in Karnataka, where it currently operates over 460 branches and more than 1,020 ATMs and cash recycling machines (CRMs).
Send news announcements/press releases to:
info@b2bmarketmedia.com
