ICICI Bank Launches a Dedicated Branch for Startups in Bengaluru

ICICI Bank today announced the launch of a branch in Bengaluru, aimed at catering to the distinct banking needs of startups through a comprehensive suite of digital and physical offerings. Located at 19th Main Road, Sector 3, HSR Layout, the branch is designed to serve as a one-stop destination for emerging businesses at various stages of the journey of startups. 

The key services being offered at the branch for the founders and employees of startups include:

• Business banking: Current accounts (including GIFT City accounts), overdraft facilities, corporate credit cards, escrow services, foreign currency accounts, working capital loans including loans against Stand by Letter of Credit (SBLC) and Fixed Deposits, and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
• Personal banking: Tailored offerings including family banking, 3-in-1 demat account, HUF account, home loan, loan against property, gold loan, personal loan, credit card, and investment options for startup employees and founders.
• Digital banking: Corporate Internet Banking (CIB), InstaBIZ app, Trade Online and Integrated Payment System to facilitate vendor and tax payments, e-collections, e-mandates, payment gateway and UPI solutions.
• API solutions: Access to over 250 APIs through the Bank’s Developer Portal for seamless integration across payments, collections, auto-reconciliation and more.
• Global services: Swift remittance services and support for Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI) transactions.

Beyond the traditional banking service, the branch also serves as an experience and engagement centre by facilitating networking with venture capitalists. A dedicated relationship management team is also in place to provide startups with personalised support.

ICICI Bank services its customers through a wide delivery network of more than 460 branches and over 1,020  ATMs and cash recycling machines (CRMs) in Karnataka. 

The branch operates from 9:30 A.M. to 3:00 P.M. on Monday to Friday and on the first, third and fifth Saturdays of the month.