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