Bengaluru: ICICI Bank has announced the opening of a new branch in Bengaluru exclusively designed to serve startups. Located at 19th Main Road, Sector 3, HSR Layout, the branch aims to provide end-to-end banking and financial services tailored to the needs of emerging businesses across all stages of their growth.
The branch will offer a complete range of services, including:
Business banking: Current accounts (including GIFT City accounts), overdraft facilities, corporate credit cards, escrow services, foreign currency accounts, working capital loans, loans backed by Standby Letters of Credit (SBLC) and Fixed Deposits, and the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
Personal banking: Customized offerings for founders and employees, including family banking, 3-in-1 demat accounts, HUF accounts, home loans, loans against property, gold and personal loans, credit cards, and investment solutions.
Digital banking: Corporate Internet Banking, InstaBIZ app, Trade Online platform, Integrated Payment System for vendor and tax payments, along with e-collections, e-mandates, payment gateway and UPI solutions.
API solutions: Access to more than 250 APIs through the Bank’s Developer Portal for seamless integration across payments, collections, and reconciliation.
Global services: Swift remittances, along with support for Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI) transactions.
The branch will also function as an engagement hub, offering startups opportunities to connect with venture capitalists and benefit from the guidance of a dedicated relationship management team.
In Karnataka, ICICI Bank operates over 460 branches and more than 1,020 ATMs and CRMs. The new branch will be open from 9:30 a.m. to 3:00 p.m. on weekdays, and on the first, third and fifth Saturdays of the month.
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