Types of current account in ICICI Bank
ICICI Bank is one of the leading banks in India and offers a range of banking products and services. For businesses, one of the most important offerings is the current account. A current account is a type of bank account that is primarily used by businesses to carry out their day-to-day transactions. In this article, we will discuss the various types of current accounts offered by ICICI Bank.
Regular Current Account
The regular current account is the most basic type of current account offered by ICICI Bank. It is designed for businesses that have a moderate volume of transactions. The account can be opened with a minimum balance requirement and offers features like cheque books, debit cards, and online banking facilities.
Gold Current Account
The Gold Current Account is designed for businesses with a high volume of transactions. It offers various features and benefits such as higher transaction limits, reduced charges on non-maintenance of minimum balance, and preferential forex rates. Additionally, businesses that opt for this account can avail of exclusive benefits like free doorstep banking and a dedicated relationship manager.
Diamond Current Account
The Diamond Current Account is the premium offering from ICICI Bank for businesses that require a high level of banking services. This account is ideal for businesses that have high transaction volumes, high-value transactions, and require specialized banking services. In addition to the features and benefits of the Gold Current Account, the Diamond Current Account offers additional benefits like priority banking services, preferential pricing on trade transactions, and exclusive access to premium lounges.
Trade Current Account
The Trade Current Account is designed for businesses engaged in international trade. It offers a range of features and benefits like preferential forex rates, online access to exchange rates, and priority processing of import/export transactions. Additionally, businesses that opt for this account can avail of trade services like Letters of Credit and Bank Guarantees.
Power Plus Current Account
The Power Plus Current Account is designed for businesses that require advanced banking services. It offers various features and benefits such as higher transaction limits, preferential forex rates, and a dedicated relationship manager. Additionally, businesses that opt for this account can avail of exclusive benefits like free online transactions and reduced charges on non-maintenance of minimum balance.
Conclusion
ICICI Bank offers a range of current account options to cater to the diverse needs of businesses. It is important for businesses to carefully assess their requirements and choose an account that best suits their needs. With the right current account, businesses can streamline their day-to-day operations and focus on their core activities.
