Tag: availing

In a first, ICICI Bank offers debit card for customers availing Loan Against Security



a store front at day


© Provided by Zee Business


ICICI Bank today became the first Indian bank to introduce a debit card facility for customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. It can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.

Speaking on the initiative, Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “This new facility aims to provide greater accessibility to our customers to their sanctioned loan amount and enables them to use it in a frictionless manner to meet their varied needs. Also, the card is another step forward in our endeavor to constantly harness the digital prowess of the bank to provide pioneering new facilities to our customers. We are delighted to be the first bank to implement

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Get ICICI Bank debit card on availing loan against securities



a sign above a store


© Provided by Zee News


New Delhi: ICICI Bank on Tuesday announced that it has introduced a debit card facility for customers availing the Loan Against Securities (LAS) from the Bank. The card is available on the Visa platform. It can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals, using their sanctioned LAS amount.

“ICICI Bank is the first bank in the country to launch the facility after the RBI allowing banks to issue electronic cards to customers who avail an OD facility, which is of the nature of a personal loan with no specific end-use restriction,” a company statement said.

Key benefits of the debit card include:

·         Transaction limit: The card offers a maximum daily transaction limit of Rs. 3 lakh each for POS and online transactions.  

·         Digital card: The Bank provides a digital

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