Icici net banking corporate login (CIB) is one of the award-winning facilities of ICICI Bank. With this facility, an individual can perform various financial transactions simply by sitting at their desk. It offers a convenient and economical means of corporate banking transactions by significantly reducing paperwork.
With the presence of features such as these, banking transactions are much quicker and secure today. ICICI CIB also enhances the efficiency of the associated organizations. Corporations can now pay more attention to the growth line rather than banking matters alone as a consequence.
Types of ICICI Corporate Banking
ICICI Bank provides two forms of icici net banking corporate login services to its corporate clients, which are as follows:
- Corporate Internet Banking: This is the standard internet banking service provided by ICICI Bank to corporate customers. Under this service, customers can initiate a number of transactions, such as fund transfer, bill payments, account information, and statements. Customers are also able to initiate and authorize transactions using several levels of authorization based on their business needs.
- Corporate Internet Banking: This is a sophisticated internet banking facility provided by ICICI Bank, specifically targeted at the exclusive needs of corporate customers.
It offers advanced features like bulk payments, vendor payments, and automatic reconciliation. In addition, the customers can view trade finance facilities and deal with their forex transactions through this facility.
These services are offered to ICICI Bank corporate customers and may be accessed through the bank’s website or mobile application.
The specific features and limits of transactions may differ based on the customer account and their services. These services may be inquired about and selected through ICICI Bank customer service by the customers based on the business requirement.
Services offer in CIB (ICICI) Account
ICICI Bank provides different kinds of corporate banking services to suit the needs of business entities. Some of the most important kinds of ICICI corporate banking are:
- Corporate Salary Account: ICICI Bank provides corporate employee salary accounts, which have facilities such as zero balance accounts, free RTGS/NEFT transactions, and concessions on different services.
- Current Account: ICICI Bank provides current accounts for companies, which have facilities such as overdraft facilities, free collections, and online banking.
- Working Capital Loans: ICICI Bank provides working capital loans to assist companies in fulfilling their short-term funding requirements.
- Trade Finance: ICICI Bank provides trade finance services to assist companies in managing import and export transactions.
- Cash Management: ICICI Bank provides cash management facilities to enable businesses to maximize their cash flow and manage their liquidity effectively.
- Merchant Services: ICICI Bank provides merchant services to enable businesses to accept and process electronic payments from their customers.
- Forex Services: ICICI Bank provides forex services to enable businesses to manage foreign exchange transactions and hedge against currency risks.
These are a few of the most important types of ICICI corporate banking services. ICICI Bank also provides tailored solutions for specific industries and companies on the basis of their specific requirements.
ICICI Corporate Net Banking Benefits:
- It shows the account balance in real time.
- It offers account statements in six formats for download.
- It allows you to subscribe to the email subscription of the account statement. And also, it permits you to stop a check from being drawn and order a checkbook online.
- It permits you to open Trade MIS and Fixed Deposits (FD) online. It also facilitates online tax payments, money transfers to other accounts, and channel partner payments. ICICI Net Banking also permits NEFT and RTGS transfers.
- Utility bills can be paid to more than 302 registered billers.
- All the services of current account management, cash management, and international trade are offered by ICICI Net Banking.
- In addition to security, it also offers distinct login and transaction passwords. It merely allows access once it has taken authorization and possesses a secured socket layer with 128-bit encryption.
- One-to-one fund transfers can be done to the ICICI Bank account as well as to other bank accounts.
- With CIB of ICICI Bank, you have the facility of using the “Bulk File Upload” tool for quick transfer of money to many beneficiaries.
- It allows multiple stages of approval so that you can create layers of approval based on the business requirement. The transaction can be initiated only after receiving a “green” go-ahead from the last approver.
- ICICI CIB’s IMPS Facility enables 24-hour transfer of funds. NEFT (8 AM–6 PM) and RTGS (8.15 AM–4 PM) are available from Monday to Saturday for bigger amounts (excluding the 2nd and 4th Saturdays).
How to apply for an ICICI CIB
- You need to have an ICICI Bank current account first.
- You need to submit the online corporate banking registration form at your local ICICI Bank branch for registering.
- After full verification, the bank shall give the corporate ID, user ID, and sign-in password.
- You are able to reach the net banking part of the icicibank.com website with your user ID and password.
How to login in ICICI Corporate Internet Banking
To log in to ICICI Corporate Internet Banking, simply follow these:
- Go to the official ICICI icici net banking corporate login website: https://www.icicibank.com/corporate/internet-banking/index.page
- Click on the “Login” option at the top right corner of the page.
- Choose the option “Corporate Internet Banking” from the dropdown menu.
- Enter your user ID and password. In case you don’t have a User ID and Password, you must register for ICICI icici net banking corporate loginby approaching your ICICI Bank branch.
- Click on the “Login” button.
- Once you have logged in successfully, you can view all the facilities of ICICI Corporate Internet Banking, such as account details, fund transfers, bill payments, etc. Keep your User ID and Password confidential and do not share them with anyone.
How to make funds transfer via ICICI Corporate Net Banking:
Step 1: Go to the icici net banking corporate loginwebsite.
Step 2: To log in, enter your user ID, corporate ID, and password.
Step 3: Then click on Transfers.
Step 4: From the menu, select Payee and NEFT/RTGS.
Step 5: Click “Pay” after selecting the Payee.
Step 6: Input the amount details and click “Look up” to select the next author.
Step 7: Select the authorizer from the list.
Step 8: Provide the transaction password. Then, click Confirm to finalize.
Transaction Limit of CIB (ICICI)
ICICI Bank has varying transaction limits for its icici net banking corporate logincustomers depending on the nature of the account and the services used by the customer. ICICI Bank varies the transaction limits depending on the customer’s profile and the type of transactions executed. However, some general norms about transaction limits are as follows:
- The fund transfer limit between ICICI Bank accounts for the maximum transaction amount is usually Rs. 25 crores per transaction.
- The RBI stipulates the transaction limits of NEFT and RTGS transactions. The maximum limit per transaction for NEFT transactions is Rs. 10 lakh, and the maximum limit per transaction for RTGS transactions is Rs. 25 lakhs.
- There are usually no limits on transactions for non-financial transactions, like inquiries on balances or account statements.
It should be noted that the transaction limits so specified are adjustable at the choice of ICICI Bank or at the direction of regulatory bodies and can be subject to variation with respect to the customer’s account and the facilities utilized by the customer. Customers are advised to contact ICICI Bank customer support to verify their transaction limits and to make changes or upgrades in their accounts if required.
Benefits of ICICI Infinity-Internet Banking
- All users of Infinity are able to access their accounts at any time, anywhere.
- By a multi-layered security system consisting of firewalls, encryption, filtering routers, and digital certifications keeps out illegal access.
- The software “Bankaway” is very user-friendly and offers a lot of online assistance to those who are not technically advanced. Therefore, even a beginner can operate the software easily.
Frequently Asked Questions
1. What do I do about the “404 error” while accessing ICICI corporate net banking?
Technical issues are often the reason for “404 errors,” which are usually temporary. After a while, you may try ICICI corporate net banking again. Capture a screenshot of the problem and mail it to corporatecare@icicibank.com from your registered email ID if you continue to get the same error.
2. What is the maximum fund transfer amount if it hasn’t been mentioned?
It is advised to include a user-wise limit for fund transfer operations for your protection. If it is not specified, the bank imposes a limit of Rs. 5 lakhs per transaction for each customer if they use ICICI corporate net banking outside of a firm. The limit for corporate users is Rs. 1 crore per transaction.
3. How do I cancel a scheduled payment?
If a scheduled payment has the status “Pending,” it can be cancelled. The “pending” bills should be marked. Select “Delete” from the “Details” menu by clicking on it.
4. What if the website’s “Tax Payment” service is not available?
Some third-party services, including “Tax Payment,” are offered by ICICI Bank. Pop-up windows are prompted while using these services. Hence, you must check if pop-ups are being blocked by the browser. To allow pop-ups on the ICICI Bank website, turn off the pop-up blocker on the address bar.
5. What is a transfer cheque?
A transfer cheque is a cheque written by an individual who has an account in ICICI Bank and is also credited by the same individual.
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