• ICICI Bank has launched a fully digital overdraft facility for its Salary Account customers to get approval for overdraft (OD) instantaneously and in a paperless manner.
• The facility called, ‘Insta Flexicash’, will provide end-to-end fully digital experience to the customers using the Bank’s internet banking platform.
• The customers can apply for the OD from their home, without visiting a bank branch.
• The Bank will offer a credit limit worth up to three times of a customer’s net salary.
• The facility can be sanctioned immediately while customers can start using the approved OD limit within 48 hours.
• The interest payable on the OD is calculated on the basis of the actual amount availed by the customer, not on the full amount of the OD sanctioned.

How to avail the facility

• Log in to your ICICI Bank internet banking account
• Navigate to the ‘Offers’ section
• Check your pre-approved OD offer and apply