April 26, 2023

ICICI Bank Corporate Netbanking - Login, Registration, Features, & Online Banking

  • Are you looking for superior digital transactions- real time, risk free and well tracked for your business?
    • Are you looking for a superior level of customisation backed by ' best in class technology platform for your banking ?
Founded in 1994, the Vadodara headquarters ICICI bank, is one of India's leading private sector player with a strong domestic and international presence through
its network of 5,275 branches and 15,589 ATMs across India and footprints across 17 countries worldwide.
The bank had consolidated asset base of
₹16.8 lakh crore (as on December 31, 2021) and a comprehensive solutions portfolio distributed across its retail and corporate segment.
Let us take a deep dive into ICICI's corporate net banking offerings which can be availed 'everytime,everywhere, with ease in a safe and secured manner and with a richer engagement experience by corporate ( big, medium or small) and institutional customers.
The corporate net banking division caters to offers a variety of services including transaction based and non- transaction based services, cashless and paperless, ranging from:
  • Consolidated view of accounts, mapped to a single User ID on a single window.
  • This includes loans, deposits and linked accounts like channel partner, vendor and dealer accounts.
  • Intra and Inter Bank fund transfer using NEFT and RTGS
  • Bulk payments
  • Online tax payment
  • Utility bill payments
  • Trade services
  • Cash management services which includes cheque / DD printing, collections MIS, internet-based cheque writing, etc
  • Requests for fixed deposit( FD) opening, cheque book and cheque stop payment and much more.

To starters, you as a corporate customer should have a current account with ICICI Bank.

  • Once you register for a corporate net banking account, you will receive a corporate id, user id and sign-on password.
  • With these details, you can then login to the bank's web portal, www.icicibank.com and navigate to the Corporate Internet Banking (CIB) section.
  • Always remember to change your password, preferably once in three months, cryptic password.
For corporate customers, the fund transfer via net banking can be availed in multiple ways with layered authentication tools
(Firewalls and data encryption systems
Login ID and Password, OTP and grid values) and nuanced channels to transfer funds, be it from your own account or beneficiary account or multiple beneficiaries or your channel partners.
Say for example: Let us say you want to transfer funds to multiple beneficiaries, instead of repeating the process again and again, you can use the nuanced tool, “Bulk File Upload” to transfer funds to. multiple beneficiaries in a breeze.
In situations where you need to make regular payments to say your employees ( salary) or to your channel partners ( vendors), you can just have to use the nuanced tool ' Bulk File Upload Facility' by creating a simple text file as per the bank's format which is available on the website.
In addition, you can also avail the regular one-on-one fund transfer from ICICI Bank accounts to other bank accounts, tax payment and bill payment and much more.
Another nuanced tool of a corporate net banking account is that the user can customise the limits pertaining to the amount or the transaction or a combination of both.
In addition, as a customises channel partner offering, you can avail mandate from your channel partners to debit their account in favour of your company. This allows you to aggregate funda in your ICICI Bank current account with debiting channel partners’ account.
At this juncture, it is important to note that all fund transfers either to own account or beneficiary's account of other banks can be made through various modes such as:
  • IMPS channel which is available 24×7
  • NEFT and RTGS; both are available from Monday to Saturday (Except 2nd and 4th Saturday, Sundays and all bank holidays).
  • While NEFT transfer timings are from 8 am to 6.30 pm; RTGS is from 8.15 am to 4.15 pm.

Irrespective of the fund transfer channel, as a corporate account user, you would always like to have an audit trail of your transaction to ensure safety.

ICICI corporate net banking fund transfer can be traced online or physically.
  • You can directly call corporate care phone banking officers to know the status of your transaction.
  • You can also send an email to corporatecare@icicibank.com with details of transactions like account number, amount of transactions, beneficiary details, and date of transactions.
  • You can also know the status in ICICI corporate net banking website under the "Payment Mode" link.

Frequently Asked Questions (FAQs):

Q. is the maximum threshold limit on the amount of fund transfer through ICICI corporate netbanking?

The default limit is ₹1 crore per transaction for corporates and ₹5 lakh per transaction for constitution codes other than companies.
It is important to note that these threshold default limits can be customised as per the debit accounts by filling in the relevant fields in the form.

Q. In case I encounter a message "oops error or 404 error " while navigating the web portal, what should I do?

In such a scenario, just take a screenshot of the latest error message & the time, date stamp of the error occurrence and email to the corporate help desk through your registered e-mail ID to corporatecare@icicibank.com

Q. Is this corporate net banking facility available for international fund transfers?

No. This service is exclusively for fund transfers within India.

Q. How do I reverse the payment made erroneously to another account (ICICI Bank/ Non-ICICI Bank)?

In such a case, submit a letter on your Company's letterhead, signed by the authorised signatories, mentioning all the details of the transactions, at your ICICI Bank branch.

Q. What is to be done when the customer gets the message "Access denied"?

In such a scenario, recheck the authenticity of your login or/and password details.
You can try to reset your password by following a series of simple instructions online. Alternatively, if your account is still.locked, you could reach out to the help desk or physically visit the branch.

Q. What is the process for linking Own-to-Own accounts?

The process of linking Own-to-Own accounts is as follows: Submit a letter on your Company's letter head, signed by the authorised signatories at your nearest ICICI Bank branch.
The letter should mention:
  • Corporate ID
    • User ID
    • Account(s) to be linked
    • Limits
    • Work flow if any (Singly or Jointly)
    • Date
    • Note: Both the accounts should have the same account holder's name.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

Your Guide to Link Mobile Number with Bank Account: Physical and Gigital Means

Linking your mobile number with your bank account is a vital step in today's digital [banking](https://upstox.com/banking/) landscape. It not only provides you with real-time transaction alerts but also adds an extra layer of security to your financial dealings. We are living in a very digitally driven world today. Literally everything is online and that includes your banks, your accounts and therefore your personal data. While online is easy, it has led to concerns associated with security. Several initiatives have been undertaken to ensure people safety, data security and convenience. With smartphones in every individual’s hand and banks building a solid online presence, banking is now one click away. While transactions are being simplified and sophisticated, they also need to be bullet-proof. Hence, it has become very important to link your mobile number with your bank account. It is a simple process that allows you to receive real-time alerts, transaction notifications, and enhances the overall security of your financial transactions. In this blog, we will take you through the simple steps to link your mobile number with your bank account.

Money Transfer

Transferring funds electronically from one bank account to another, within and across geographic borders, quickly, safely and securely, for a whole host of reasons ( medical emergencies, vacation spends, shopping et al) is increasingly becoming the preferred channel in an increasingly digitised borderless world. Welcome to this concept of money transfer. The transactions can be executed through different payment gateways and the selection of your preferred payment gateway would depend upon the following: - Threshold amount to be transaction - Time taken for the the transaction to complete. - Service charge levied by the financial entity. - Risk involved - Access to internet/mobile banking - Trackability of your transaction - Having the correct beneficiary details is important to complete the transfer. - Exchange rate incase of international money transfers.

Indian Bank Net Banking - Login & Registrations

As a mid-sized public sector undertaking, Indian Bank has a strong domestic presence and footprints overseas in Singapore, Colombo and Jaffna. Founded in 1907 and headquartered in Chennai, the bank has an asset base of ₹626,005 crore ( FY2022). The government of India is the majority stakeholder with ownership of 79.86% (2022). Indian Bank amalgamated with Allahabad Bank with effect from April 1, 2020.

NEFT Holidays 2022

Just to simply know about a forthcoming event, gives us a sense of control, sense of preparedness to deal with the event as and when it occurs and some peace of mind, isn't it?. Be it your weekly weather forecast report or monthly sales target or festival holidays or your bank holiday list, knowing the details in advance gives you 'inner peace'. In the context of banking, even though we are in era of digital banking which allows every time, everywhere banking wherein customers can avail services 247365 with just a click, knowing that your bank branch would remain closed on certain days is helpful, is useful to us. Let us take a look at the NEFT holiday list, as a precursor to that, let us understand the concept of the digital banking transaction/payment channel, NEFT (National Electronic Funds Transfer). Introduced in November 2005 by the RBI, NEFT allows retail customers across India to transfer funds electronically from one NEFT bank branch enabled account to either the same or any other bank within India. The NEFT service is available 24x7 ( with effect from Dec 16, 2019 as per RBI guidelines). There is no need to visit the bank branch as NEFT transfers are made through digital channels (net banking and mobile banking) everytime, everywhere, everyone. Besides, the NEFT facility can also be availed for making credit card payments and for payment of loan EMI.