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While purchasing a resale property, one of the important factors to be considered is the safekeeping of the token money. With ICICI Bank, setting up an Escrow Account is seamless and any transaction can be carried out in a secure manner.
The Escrow Account can be jointly opened in the name of the buyer and seller of the property, wherein the seller is the beneficiary. On the closure of the resale deal, the buyer-seller can jointly initiate the transfer of funds to the seller’s account.
![Hassle Free Setup Of The Escrow Account](/content/dam/icicibank/icici-assets/loans/images/convenient-free.png)
Hassle Free Setup Of The Escrow Account
![Safe And Secure Transactions](/content/dam/icicibank/icici-assets/loans/images/safe-and-secure.png)
Safe And Secure Transactions
![Nil Fee For Account Setup](/content/dam/icicibank/icici-assets/loans/images/nil-fee.png)
Nil Fee For Account Setup
![Simplified Documentation](/content/dam/icicibank/icici-assets/loans/images/simplified-documentation.png)
Simplified Documentation
![Doorstep Service](/content/dam/icicibank/icici-assets/loans/images/doorstep-service-new.png)
Doorstep Service
HOW DOES IT WORK?
![Schedule An Appointment](/content/dam/icicibank/icici-assets/loans/images/schedule.png)
Schedule An Appointment
![Relationship Manager Completes The Documentation](/content/dam/icicibank/icici-assets/loans/images/relationship.png)
Relationship Manager Completes The Documentation
![Nil Fee For Account Setup](/content/dam/icicibank/icici-assets/loans/images/nil-fee.png)
Joint Escrow Account Is Opened
![Transfer Funds To The Escrow Account](/content/dam/icicibank/icici-assets/loans/images/transfer-funds.png)
Transfer Funds To The Escrow Account
![Post Deal Closure, Submit The Fund Transfer Request](/content/dam/icicibank/icici-assets/loans/images/post-deal.png)
Post Deal Closure, Submit The Fund Transfer Request
![Fund Is Transferred To The Seller](/content/dam/icicibank/icici-assets/loans/images/seller.png)
Fund Is Transferred To The Seller
Terms and Conditions apply.
Note: The services are available at select locations across India. Please check availability of services at your location during discussion with our partners.
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