Current Account FAQs

MAB is calculated on a simple average of day-end balances for a calendar month. MAB is calculated by adding the closing balance of account each day from start of the month to end of the month. Then the total sum amount is divided by number of days in that month.

To view the list of documents required for opening a Current Account with ICICI Bank, please click here . The type of documentation depends on your business entity type.

You can change the Current Account product type by visiting the nearest ICICI Bank branch along with the request letter signed as per Mode of Operation (MOP) on entity letterhead. Please make sure that the product selected by you fits your business profile by checking the Schedule of Charges for that Current Account variant on our website > Service Charges and Fees > Business and Corporate Banking. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .

For account closure, you may submit the account closure request at the account opening branch. The request letter needs to be on the company's letterhead and signed by authorised signatories. The Debit Card if any, and the unused cheques also need to be submitted.

You may track your deliverables through the following modes: 

Internet Banking: 
Log in to Corporate Internet Banking (CIB) > Service Requests > Track Your Deliverables > Enter ICICI Bank Account Number > Submit. 

iBizz app: 
Login to iBizz > Services > Check Status > Track Deliverables

Corporate Customer Care: 
You may call our Corporate Customer Care between 8:00 a.m. and 8:00 p.m. To know the local Corporate Customer Care numbers, please click here

The details regarding the terms & conditions and Monthly Average Balance/ service charges pertaining to the Current Account (based on the type of account you are holding) have been updated on our website www.icicibank.com > Rates and Charges (footer of the page) > Service Charges and Fees > Business and Corporate Banking.

To update Goods and Services Tax Identification/ Registration Number (GSTIN) in your ICICI Bank Current Account, you may visit any ICICI Bank branch or update it online through Corporate Internet Banking (CIB). Update of GSTIN is mandatory for availing of the input tax credit of the GST paid to us.

Process to update GSTIN:

• Download the form and submit it at any ICICI Bank branch
• Login to CIB and update the following details:
  • Customer ID | Entity Status | GSTIN or UIN, as applicable | Billing Address, City and State | Mobile number | E-mail ID

Please visit the nearest ICICI Bank branch along with request letter signed as per Mode of Operation (MOP) on your entity letterhead along with Board Resolution/ Authorisation letter, wherever appropriate. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .

All the linked accounts under the given Customer ID of your Current Account will be transferred to the new ICICI Bank branch.

You are requested not to do any transaction during these 2 working days. If any transaction is done during the processing period, your request for transfer of account will not be completed.

The following details of your Current Account remain unchanged after the transfer of account:

• Your 12-digit bank account number will not be changed
• Electronic Clearing System (ECS) mandates, standing instructions and post-dated cheques already issued will continue to be valid for the account.

You can update contact details like mobile number, e-mail ID, address by visiting the nearest ICICI Bank branch along with request letter signed as per Mode of Operation (MOP) on entity letterhead. Once the request is made, your contact details will be updated in 1 working day. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .

You can apply for ICICI Bank Current Account through any of the below modes:

• SMS ‘CURRENT’ to 5676766
• Visit our website.Apply now
• Walk in to any of our branches. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .

To view the list of Central and State Taxes that can be paid online through ICICI Bank, please click here .

For any queries with reference to Goods and Services Tax (GST), please click here .

InstaBIZ is ICICI Bank's powerful user-friendly app that helps Business Banking, Corporate and Institutional customers to execute complex banking transactions with ease from their mobile phones and tablets.

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For registration/modification or deletion of mobile/ e-mail alert facility, please submit a request letter on company's letter head signed by authorised signatories at the ICICI Bank branch.

You can subscribe for the following alert types:

• Credit above Rs 5,000
• Debit above Rs 5,000
• Inward cheque rejection
• Outward cheque rejection
• Periodic Balance