Tuesday, 1 August 2023

Easy ways to maintain a good track record of an Account

 
 
Dear Customer,

It is important to maintain a good track record of an Account to make your experiences hassle-free at every step of your banking journey.
 
Here's how you can do it easily.
 
Credits and Interests.

It is important to maintain an excellent Credit Score and ensure immediate payment of interest.
 
Credit summations

Credit all sales to your OD Account.

Depositing all sale proceeds in your Overdraft Account ensures timely interest servicing and keeps your Account in order. Regular credit summations in your Account can lower the interest cost due to optimised limit utilisation.
 
Interest servicing

Interest servicing after interest debit.

Ensure that interest servicing by way of credits into the Account is done immediately after the interest debit. Your Account may go “Out of Order” if the total credits are lower than the total interest debits in the last 90 days.
 
Cheque returns

Avoid Cheque bounces.

Ensure that you have sufficient funds in the Account to avoid Cheque bounces in both outward and inward issuances.
 
Overdrawing

Refrain from overdrawing beyond sanctioned limits.

Ensure that you utilise funds within the sanctioned limit to avoid Account irregularity and levy of penal charges.
 
Just follow these simple tips and improve the track record of your Account.

Visit your nearest ICICI Bank Branch or contact your Business Loan Relationship Manager for more information.

Note: Complete your KYC (video/in person) within the stipulated time to keep your Account active.
 
Sincerely,
Team ICICI Bank
 
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