Nodal Accounts

Are you a fintech, start-up and payment intermediary looking for one-stop solution for your banking needs? We at ICICI Bank cater to your Nodal Account requirements which will help smoothen your banking operations.

 

Salient features of opening Nodal Account with us:

Transparency: When a separate account is maintained, the customers, as well as the merchants, have more transparency of all the transactions.

Security: Both the vendors and the customers are completely secured with these accounts. All discrepancies are easily detected and rectified because these accounts are audited. The intermediaries cannot control the flow of funds unless complying with all the legal regulations.

Audit and Regulatory Reporting: Accounts will be regulated through monthly auditing and quarterly RBI reporting to ensure compliance.

 Real-time Payments: Advance payment solutions will facilitate real-time payments to registered beneficiaries.

Documentation: Simplified KYC documentation.

Nodal Accounts FAQs