Why ICICI Bank is a Good Choice for Your Banking Needs

Why ICICI Bank is a Good Choice for Your Banking Needs

ICICI Bank

In this digital age, banks are one of the most comfortable and reliable options that cater to your financial needs. ICICI Bank is one of the leading private sector banks which offers financial services and innovative banking solutions in the UAE. It was founded in 1994 and is a preferred choice for millions of customers worldwide. The commitment of ICICI Bank to customer satisfaction and a vast network of  ATMs enhances your experience in the country. Moreover, you can also benefit from different branches that are available in the top cities of the UAE. In this detailed blog, we will explore services, account opening, and the branches of ICICI Bank.

Services Offered by ICICI Bank

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Account Type

Account Opening Fee

Monthly Maintenance Fee

Minimum Balance Requirement

Overdraft Charges

Other Fees

Savings Account

AED 0

AED 10 - AED 25

AED 3,000 - AED 10,000

12% - 15% per annum on the overdraft amount

ATM Withdrawal (Non-ICICI ATMs): AED 2 - AED 5 per transaction
Cheque Book Issuance: AED 10 - AED 25

Current Account

AED 0

AED 50 - AED 100

AED 10,000 - AED 25,000

14% - 18% per annum on the overdraft amount

Cash Deposit at Branch: AED 0 - AED 10 per transaction
Cheque Return Fee: AED 50 - AED 100

Business Account

AED 0 - AED 100

AED 100 - AED 200

AED 25,000 - AED 50,000

12% - 18% per annum on the overdraft amount

Bulk Payment Processing Fee: Based on the volume
Courier Charges for Statements: AED 10 - AED 25 per month

Fixed Deposit Account

AED 0

AED 0

AED 10,000 - AED 20,000

Overdraft not typically applicable

Premature Withdrawal Penalty: 0.5% - 1% of the deposit amount

Salary Account

AED 0

AED 0

AED 0

10% - 12% per annum on the overdraft amount

Salary Advance Fee: AED 50 - AED 100

Personal Banking 

The Bank offers you a wide range of savings accounts and fixed deposits with attractive interest rates. In ICICI Bank, customers can avail of the option of services like personal loans, auto loans, and home loans. Moreover, you can also experience services like credit cards and recurring deposits in this private bank.

Corporate Banking

ICICI Bank allows you to experience current accounts, cash management, and loans of business. Moreover, in this reputable bank, you can also avail of the option of services like capital loans and term loans.

Digital Banking

If you choose ICICI Bank in the UAE then you can access services like internet banking and mobile banking apps. Moreover, it also allows you to transfer your money and pay bills anytime and anywhere.

Branches of ICICI Bank in the UAE

ICICI Bank | ICICI Bank to set up 450 new branches this fiscal

City

Branch

Services

Contact No.

Operating Hours

Dubai

ICICI Bank - Sheikh Zayed Road

Savings, Current, Loans, Credit Cards

+971 4 313 1200

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

Dubai

ICICI Bank - Dubai Marina

Savings, Current, Loans, Credit Cards

+971 4 399 3210

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

Abu Dhabi

ICICI Bank - Al Reem Island

Savings, Current, Loans, Credit Cards

+971 2 632 2630

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

Sharjah

ICICI Bank - Al Gulaya'a

Savings, Current, Loans, Credit Cards

+971 6 573 1110

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

Ajman

ICICI Bank - Al Nuaimia

Savings, Current, Loans, Credit Cards

+971 6 742 4444

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

Ras Al Khaimah

ICICI Bank - Al Nakheel

Savings, Current, Loans, Credit Cards

+971 7 228 4888

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

Fujairah

ICICI Bank - Fujairah City Center

Savings, Current, Loans, Credit Cards

+971 9 223 2200

Sun - Thu: 9:00 AM - 6:00 PM
Fri: 9:00 AM - 12:00 PM

The branches of  ICICI Bank ensure that you can experience reliable banking in different cities of the UAE. These branches allow you to open accounts, cash management, and other banking needs in this bustling country. Moreover, it is vital for every customer to cooperate with ICICI Bank to avoid any hassle.

How to Create an Account with ICICI Bank

Method

Process

Advantage

ICICI Bank Fee

Online

Visit the ICICI website, fill the form, and submit.

Convenient

Opening Fee: AED 0

In-Branch

Visit the branch, fill the form, and provide documents.

Personal assistance

Opening Fee: AED 0

Phone Banking

Call customer service and follow instructions.

No branch visit

Opening Fee: AED 0

Mobile App

Open the app, register, and fill in the details.

Accessible

Opening Fee: AED 0

In the UAE, you can use different methods to create an account with ICICI Bank. Moreover, methods like online and visiting a branch are reliable and peaceful.

Choose your Account Type: Firstly, customers have to choose the type of account that they want to create with ICICI Bank. Moreover, the most common options in the UAE are savings and current accounts.

Gather Required Documents: It is important for you to gather all required documents to start the process. Moreover, you must have documents like an Emirates ID, Passport, Bank reference letter, and proof of residence.

Visit a Branch or Apply Online: For account opening, you have to find the nearest ICICI Bank branch. Moreover, for this purpose, you can also visit the official ICICI Bank website. 

Fill Application Form: The next vital step is to fill out the form with attention by providing your personal details.

Submit Documents: Now you have to provide or upload all required documents to create an account.

Verification: The ICICI bank starts a verification process of your documents and processes your application.

Account Activation: At last, when your application is approved remember to receive your account details, debit card, and checkbook.

Tips for Banking with ICICI Bank 

Security tips of online banking - Blog post

Stay Updated on Promotions

It is vital to check ICICI’s promotional offers, discounts, and rewards if you are a credit card credit cardholder.

Secure Your Banking Details

The habit of securing your account details like PIN code offers you comfort and peace of mind. So, if you are aiming for reliable banking then remember to avoid sharing your account details with anyone.

Leverage Digital Banking

Always remember to prefer the Mobile app and online banking of ICICI, as it allows you to manage your account from anywhere.

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