ICICI Bank has opened a new branch in Bengaluru designed to meet the specific banking requirements of startups through a mix of digital and in-person services.
Situated on 19th Main Road, Sector 3, HSR Layout, the branch is intended to act as a single point of access for emerging businesses at different stages of growth.
The branch provides a range of services for both founders and employees of startups. Business banking facilities include current accounts, such as GIFT City accounts, overdraft options, corporate credit cards, escrow services, foreign currency accounts, and working capital loans.
These loans extend to financing against Stand by Letter of Credit (SBLC) and Fixed Deposits, as well as schemes under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
For personal banking, the branch offers products tailored for startup employees and founders, such as family banking arrangements, 3-in-1 demat accounts, Hindu Undivided Family (HUF) accounts, home and property loans, gold and personal loans, credit cards, and a range of investment options.
In terms of digital services, customers can access Corporate Internet Banking (CIB), the InstaBIZ app, Trade Online, and an Integrated Payment System for vendor and tax payments.
Additional features include e-collections, e-mandates, payment gateway facilities, and UPI solutions.
The bank also makes available more than 250 application programming interfaces (APIs) through its Developer Portal, allowing integration across payments, collections, auto-reconciliation and related services.
Global banking support includes Swift remittances, as well as assistance with Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI) transactions.
Beyond conventional banking, the branch serves as an engagement space, providing opportunities for startups to connect with venture capitalists.
A dedicated relationship management team is available to offer personalised guidance.
ICICI Bank currently operates more than 460 branches and over 1,020 ATMs and cash recycling machines in Karnataka.
The new branch will be open from 9:30 a.m. to 3:00 p.m., Monday to Friday, and on the first, third, and fifth Saturdays of each month.
Featured image credit: ICICI Bank
