Want us to help you with anything?
Request a Call back
What is a GEM Current Account?
A special account designed specifically for government suppliers, vendors and contractors which gives them preferred banking flexibility with no minimum MAB requirement.
Why is ICICI Bank's GEM Current Account best for your government projects?
No minimum Monthly Average Balance (MAB) requirement
Complimentary NEFT/RTGS
Complimentary unlimited cheque leaves
Cash deposit up to ₹50 lakh per month
Complimentary Debit Card and enhanced withdrawal limits
Mobile Banking and Internet Banking
Express Bank Guarantee
Value Added Services
Doorstep Banking
Get access to cheque and cash pick-up/delivery and cheque printing at your convenience
iMultiPay
Make bulk payments to multiple beneficiaries through RTGS, NEFT and Funds Transfer with a single file upload
Bulk payments
Use Payment to Ad hoc Beneficiary (PAB) and Payment to Registered Beneficiary (PRB) for payments
E-collections
Simplify reconciliation with detailed payee information in your accounting statement
Digital Banking Solutions
- 01. All-in-one solution for your daily business banking needs
- 02. Flexibility of multiple payment modes like Fund Transfer, UPI, Pay to Contact
- 03. Solutions for import export business needs with 24x7 transactions
- 04. Manage all merchant products and services at one place - InstaBIZ merchant dashboard
- 05. Easy online application with instant sanction for Loans and Overdrafts
- 06. Make timely GST payments
- 01. Manage your everyday business banking needs from anywhere
- 02. Avail BizPay360 to make bulk payments to vendors, employees and stakeholders
- 03. Integrated banking and accounting solutions for easy auto reconciliation
- 04. Carry out import-export transactions 24x7 with Trade Online
- 05. Maker-Checker facility
- 06. Simplified GST: Auto-fetch challans and make error-free GST payments.
Eligibility and Schedule of Charges of GEM Current Account
GEM Current Account FAQs
What is the minimum MAB requirement for a GEM Current Account?
No minimum MAB requirement for a GEM Current Account.
Who are eligible for a GEM Current Account?
The following entities are eligible for a GEM Current Account:
- Government Suppliers
- Government Vendors
- Government Contractors.
What are the various charges associated with a GEM Current Account?
Click here to view the detailed schedule of charges.
