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. For selecting seasonal and Made2Order Current Account, please visit the branch for further details. Once the request is submitted, your contact details will be updated in 1 working day. To locate the nearest ICICI Bank branch, visit maps.icicibank.com/mobile .

• Access to large network of businesses (buyers, suppliers, manufacturers, etc.) across various industries and geographies
• Exciting deals and offers relevant to day to day operations of the business (flights, website builder, office stationery, insurance, hotel deals, consulting, advertisement)
• Collaborate and engage with employees internally using the private intranet
• Features like eBriefcase for storing files securely and easy access to e-mails right from logged in section
• Post articles, blogs and start forums for online discussions
• Get access to relevant industry news, updates, articles and discussions
• Create e-commerce store Linker.store at zero fee.

Yes, ICICI Bank BizCircle GlobalLinker is open for all and any SME can register for free on the platform.

Grouping means group of accounts coming together to maintain the aggregate balance. The same is treated as a group of accounts for the purposes of Minimum Account Balance (MAB) and free limits aggregation. We offer upto 50% Monthly Average Balance, Lifetime Business Debit card charges waiver in grouping platinum variant. 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 . For details, SMS CURRENT GROUPING to 5676766.

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.

No, registering and signing up on ICICI Bank BizCircle GlobalLinker is absolutely free.

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.

You can create a Personalised e-Commerce store in 5 easy steps:

• Step 1 - Create Account: Sign Up on ICICI Bank BizCircle GlobalLinker and enjoy free access to Linker.store
• Step 2 - Store setup: Select store name and a personalised theme for store
• Step 3 - Add products: Create product inventory
• Step 4 - Business details verification: Share bank account and shipping details
• Step 5 - Publish store: Launch personalised eCommerce store and enjoy the big business advantage!

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 including Savings Accounts, Flexi Fixed Deposits and Exchange Earners Foreign Currency (EEFC) 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
• Existing 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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An e-commerce store creator for traditional brick and mortar stores to take their business online at zero fee!

An online Do It Yourself (DIY) store offering - inventory management, e-commerce website with themes, payment gateway and logistics integration at pre-negotiated rates

‘Linker.store’ is offered on ICICI Bank BizCircle GlobalLinker for free and at no extra cost or revenue share on transactions

Please click here to visit the website.

BizCircle GlobalLinker is an online business networking platform for Small and Medium scale Enterprises (SMEs) and startups that aims to help them in better managing their business by connecting them with relevant business opportunities and building new connections - all on a single platform. Click here to register for BizCircle GlobalLinker.

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