ICICI Bank has extended the instant ‘Cardless EMI’ facility for its pre-approved customers to Make online purchases across 2,500 e-Commerce platforms without using their card.
•The ‘Cardless EMIr’ facility allows its
Customers to instantly buy products or
Services online through Equated Monthly Instalments (EMIs) by using their mobile Phone and PAN up to Rs 5 lakh.
•ICICI Bank was India’s 1st bank and 1st in the Industry to launch a fully digital payment Mode, a cardless EMI facility at retail stores And online shopping.Features of ‘Cardless EMI:
1.It is a completely digital and instant EMI facility, it enables the customers to convert transactions into EMIs by entering their registered mobile
number, PAN (personal account number) and OTP(one-time-password).
2 .Transaction Limit: Customers are provided with a pre-approved limit for purchases under the EMI facility from Rs 7,000 to Rs 5 lakh.
3.Tenures: Three different choices of tenures viz, 3, 6, 9 and 12 months.
About ICICI Bank:
Establishment– 1955(Incorporated in 1994)
Headquarters Mumbai, Maharashtra
MD& CEO Sandeep Bakhshi
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