CURRENT AFFAIRS

Detailed explanation-1: -FlexiCash – Overdraft Against Salary - ICICI Bank.

Detailed explanation-2: -Flexicash comes with a fixed rate of interest that is calculated on a daily reducing balance. The interest is charged only on the amount you use and the period for which you use it. In case there is no usage of the funds, there will be no interest payable.

Detailed explanation-3: -No foreclosure charges. A pre-approved offer. If you are eligible, the offer will automatically show up in the bank mobile app or the net banking portal. You can apply and instantly avail the facility.

Detailed explanation-4: -Current accounts are those accounts which are opened for the purpose of regular business transaction. This type of account is more suited for users like firms, companies, business organisation etc. Bank gives many facilities to current account holder, one such facility is overdraft facility.

Detailed explanation-5: -Insta OD Plus Overdraft facility serves day to day needs as well as sudden exigenices, for business. Now any bank customer can avail intsant overdraft up to Rs. 25 lakh & open Current Account with video KYC for instant disbursement. Facilities offered upto INR 50 Lakhs for existing ICICI Bank customers.