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Resources » Finance/Investments » Banking »
B2-Branch Free Banking from ICICI Bank
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B2-Branch Free Banking from ICICI Bank
Recently ICICI Bank has introduced "B2-Branch Free Banking in some selected cities in India and very soon plans to expand it to other cities also. A person residing the in those cities can open their own account through online without visiting to a branch.
What is Branch Free banking?
Branch Free banking is new evolution in Banking Concept. A person can open his account without visiting a branch through the Bank's Portal. He will avail almost all the facilities provided by a bank (except cheque books) and carry out all his financial transactions online. Besides those they provide other facilities like utility bill payments etc. Previously these concepts are available in other countries. ICICI Bank, the second largest bank has introduced the concept for first time in India.
Benefits of Branch Free Banking from ICICI Bank
01. You can create a zero balance savings account and there will be no quarterly balance requirement for those accounts.
02. Deposits over Rs. 5000/- (multiple of 5000/-) can be converted to linked fixed deposit automatically using Quantum Optima concept resulting higher return from your money. At any time you can withdraw money from the account without any problem.
03. The account will provide you "e-Wallet" and "Virtual Credit Card", using them you can carry out your online transaction in faster, secure & safer mode.
04. The accounts are more secured with latest technologies and the Bank cover upto Rs. 50,000/- in extreme unlikely cases (which is rarely can occur).
05. A person can transfer money from any other bank account to this account through Net Banking. Also, you can deposit cheques or drafts in Bank drop boxes which will be credited to account once cleared.
06. One can transfer money to any account in any bank in India without using cheques or drafts.
07. You can create a draft from the account and can send directly to the party or it can be delivered in your address (the courier charge has to paid extra).
09. Through this account you can pay all utility bills, recharge the mobile. Based on your deposit and transaction even bank can issue a B2-Credit Card.
10. You can avail B2-personal loan which can be instantly credited to the account without any paperwork.
What you will not get in B2-Saving account?
Only saving account can be opened using B2-Banking. There will be no cheque books, Physical Passbook, Physical Statement or Debit Cards will be issued to the account holder. The customers can not access any branch or use ATM machines.
B2-Banking Cities
This facility is currently offered in select cities only - i.e. Mumbai, Navi Mumbai, Thane, Delhi, Faridabad, Ghaziabad, Gurgaon, Noida, Hyderabad, Secunderabad, Chennai, Bangalore, Jaipur, Pune, Ahmedabad and Chandigarh.
Opening a B2-Saving Account
Visit to the ICICI Bank B2-Banking portal using the following link. In the main page click on the option "Apply Here". Then continue with the instructions to create your own account.
http://www.b2.icicibank.com
Closing the Account
No body will ever want to close a Zero Balance account. But at any point of time if you want to close the account, clear your B2-credit card & Personal loan dues. Redeem all your deposits and put a account closure request online.
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Responses to the resource: "B2-Branch Free Banking from ICICI Bank"
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| Author: Ashish Kumar Singh 10 Dec 2009 | Member Level: Silver Points : 0 | In which bank are the salary accounts for WNS?
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