In only a few minutes, you can now open a savings account online with ICICI Insta Savings Account. To complete this process, you need to be at least 18 years old and provide your Aadhaar and PAN details. Let us check out the features and benefits of this account below:
Key Features of ICICI Insta Bank Account
Instant Opening
- Digital account opening through video KYC.
- Access to banking services 24/7 with the iMobile Pay App.
Debit Card Benefits
- Complimentary Platinum Debit Card.
- Earn reward points and enjoy virtual debit card facilities.
- Access the exclusive ICICI Bank Smart Shopper Silver Debit Card.
Exclusive Offers
- Exciting deals on Amazon, Flipkart, Swiggy, Bigbasket, Eros Now, and more.
- Earn 1 Payback Point per INR 200 spent.
Free ATM Withdrawals
- Up to 5 free ATM withdrawals at any bank's ATM in a month.
- Over 1500 ICICI Bank ATMs are available across India.
Insurance Benefits
- Air Accident Cover of INR 50,000.
- Purchase protection cover of INR 50,000 for reported card loss within 90 days of purchase.
Service Charges and Details
- Minimum Age: 18 years.
- Minimum Account Balance: INR 10,000.
- Charges for not Maintaining MAB: INR 100 + 5% of the shortfall.
- Cash Transaction Charges, ATM Withdrawal Charges, Debit Card Fee, etc.
Interest Rate
- For deposits of INR 50 Lakhs or above: 3.00% - 3.50% per annum.
- For deposits below INR 50 Lakhs: 3.00% - 3.50% per annum.
Documents and Eligibility
- An Aadhaar Card and PAN are required.
- Minimum age: 18 years.
- Only available for individual Indian citizens.
- Minimum account balance of INR 10,000 to avoid extra charges.
How to Open ICICI Insta Bank Account?
- Visit the ICICI Bank website.
- Simply click on the "Open Now" button located in the box labeled "Offers for You".
- Provide a mobile number, email ID, and PAN.
- Authenticate Aadhaar details with OTP.
- Accept Terms and Conditions.
- Complete Video KYC for a fully digital savings account.
Video KYC
- Applicable to Indian Citizens only.
- Requires a physical PAN Card, blank white paper with a pen, clear background, and stable internet connection.
Conclusion
The ICICI Insta Savings Account stands out as a quick and straightforward digital savings account, offering a lot of advantages. One of its notable perks is access to exclusive offers, ensuring that users can enjoy special deals on popular platforms like Amazon, Flipkart, Swiggy, Bigbasket, and Eros Now. This feature enhances the account's appeal, providing benefits beyond traditional banking services.Moreover, the account comes with the added convenience of free ATM withdrawals, allowing users to make up to five transactions without any charges. With over 1500 ICICI Bank ATMs across India, account holders can easily access their funds when needed. The complimentary Platinum Debit Card, coupled with the ability to earn reward points, adds an extra layer of value to the account, making it a choice for those seeking attractive debit card features. The video KYC in the account-opening process contributes significantly to its user-friendly nature. This digital identification method allows individuals to complete the verification process through a video call, eliminating the need for in-person visits or long paperwork.
In conclusion, the ICICI Insta Savings Account not only offers a fast and hassle-free method for opening a digital savings account but also provides benefits that cover the modern banking needs of individuals. From exclusive offers to free ATM withdrawals and the added convenience of video KYC, this account is designed to make banking simpler and more rewarding for users.
