Why ICICI Bank is a Good Choice for Your Banking Needs

20 Aug 2024
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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

Strategic Focus Area For Business

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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.