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

Bank Timings in India for Today and Saturday

Clients visiting the Bank to conduct business should know the general bank timing. We will cover the general bank timing on weekdays and Saturdays, lunch timing and RBI bank timing, RTGS, and NEFT timings. Several public and private sector banks have altered their operating hours, restricted the staff count, and suspended Non-essential services. Nevertheless, all the banks have restored their operations and working hours as usual. Also, the services that got initially suspended have now got resumed. The banks are taking strict measures for clients and staff. - Clients will need to put on a mask throughout their time in the Bank. - The Bank is equipped with multiple sanitisers properly before entering and leaving. - Security staff gets trained to perform temperature checks on all clients. - Customers get requested to keep a safe distance of at least 1 m from one another.

What is a Bank Account Number in India & How to Know It Online from Mobile Number

Bank Account is nothing but a financial account maintained by the bank or any other financial institution to assist the financial transactions made between the bank and the customer. It links the bank account holder to the bank so that all transactions can be recorded. There are different kinds of bank account offered by the bank that comes with different set of terms and conditions. Some common types of bank accounts are savings accounts, deposit accounts, current accounts, loan accounts and so on. Bank customers can open more than one account depending on their needs. Funds are deposited with the bank by the account holder under the bank account. These deposit funds are a liability for the bank but an asset of the depositor, which can be claimed anytime. In the case of Loan accounts, Bank lends some of its deposited money to its loan account holders or third party on interest. It is exactly the opposite of what deposit accounts do. A loan account serves as an asset for the bank but a liability for the depositor.

Bank Of India (BOI) Net Banking - Login, Online Banking, & Registration

Established in 1906, the Mumbai headquartered Bank of India (BoI) is the sixth-largest PSB ( public sector bank) in India with the Government of India being its majority stakeholder at 81.4% as on (September, 2021). Backed by an asset base of ₹725,856 crore (F2021), BoI has a strong domestic presence largely in the rural and semi- urban areas with a network of 5,108 branches and 5,551 ATMs across India ( as on March 31, 2021). In addition, BoI has a presence in 18 countries, worldwide. Catering to both, retail and corporate customers, BoI has a comprehensive netbanking solutions portfolio ranging from online fund transfer, viewing your account statements online, cheque paid status, deposit opening, deposit closure/deposit renewal and much more as per your convenience, anytime, anywhere. Tempted to know more about net banking

Citibank MMID

- Do you need to send money on an immediate basis, at an odd hour, and on a holiday? - Do you need to send funds quickly, safely, and securely and all you have is a smart device with an internet connection? - Do you need to send funds to a beneficiary whose account details are not known to you? What if all the above unmet needs can be simply addressed by registering your mobile number with your bank account coordinates? The IMPS ( Immediate Payment Services) a payment gateway allows you this service. Let us explore this concept in detail. Initiated by NPCI in 2010, the IMPS platform facilitates the electronic movement of funds from one bank to another within India. You can carry out your financial transactions in real-time, 247, safely, securely, and economically through this platform which can be accessed through Mobile, Internet, ATM, or SMS mode. To carry out a fund movement via IMPS gateway you either require: - MMID code and mobile number of the transacting parties or - Account details and beneficiary's IFSC code. Basically, Mobile Money Identifier is a unique random 7- digit code allotted by the banks to their account holders. This code along with your updated registered number is linked to your account number. Of this 7-digit code, the first four coordinates represent the identity of the bank which is facilitating the IMPS service. The person sending the money i.e. the remitter and the person receiving the money i.e. the beneficiary, both have to generate their unique code from their respective banks for the transaction to complete. Curious to know as to how one generates this code!