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33%
2.21 

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Branch FREE Banking
Sep 15, 2008 06:32 PM 7118 Views
(Updated Sep 15, 2008 06:39 PM)

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An upgrade was introduced into the internet banking service provided by ICICI Bank in India. The bank launched its ''b2- Branch- free Banking".


The latest project was developed to offer seamless information through a single interface to facilitate banking transactions over the Internet. ''b2- Branch- free Banking'' represents a unique direct bank access, "which will empower customers to manage all their finances online".


Customers using the service are provided easy 24x7 access to their bank and can enjoy it with zero charges and no minimum balance.


"Customers can also benefit from the quantum optima facility, wherein if the balance exceeds Rs5000, the money is automatically transferred, in multiples of Rs5000, to a linked fixed deposit, which will earn interest as per applicable bank fixed deposit rates, " ICICI Bank said in a release. "It also offers facilities like an e-wallet, a zero-limit prepaid Visa card, which can be used for online purchases and to pay utility bills".


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