ICICI Bank B2 Digital Banking - No Minimum Balance

   

ICICI Bank Zero balance

B2 is the next step in the evolution of banking. It's a bank, where everything is done online and since you don't need branches, we don't offer them. you can enjoy all the conveniences of banking at your finger tips and your money grows faster. b2 understands that today’s banking is not just about payments and transfers. Hence along with these it offers other benefits like bill payments and mobile recharge..

As everything is available online, ICICI bank has trimmed services you rarely use and compensated you with a few additional features as listed below:

1. Higher earnings

How much money should you keep in savings account? Financial planners advise to keep up to 3 months of expenses as contingency fund. However this amount would differ from person-to-person depending on the individual risk appetite. Let's take a case study - Ramesh Kumar has an impressive education background and is quite successful in his software career. Within 3 years of working, he takes home a decent salary of Rs. 80,000 per month. his expenses amount to Rs 40,000 a month and he saves Rs 40,000 per month, which he prudently invests for the future. Today, he maintains Rs. 1,20,000 in his salary account as contingency funds. Since this money is meant for contingency situations, liquidity is important and hence he doesn't park this money in fixed deposits. This being a savings account, the bank offers an interest rate of 3.5% and he earns Rs. 4,200 annually.

Ramesh can earn Rs. 4,500 extra annually by splitting his contingency fund in his salary account and b2 savings account. Here is an illustration - Monthly expenses     Rs. 40,000
Contingency fund equivalent to 3 times expenses    Rs.1,20,000
Cash contingency fund in salary account (@3.5% per annum)    Rs. 20,000
Other contingency fund in b2 savings account (@8.0% per annum)    Rs. 1,00,000
Total earnings per annum    Rs. 8,700
Incremental earnings per annum    Rs. 4,500

2. Online payments and transactions

Remember the last time you stood in line to make payments for electricity, telephone and credit card bills? You can do all of these from your b2 account. We are aware that security of your money is of utmost importance while making payments online and that is why we bring you eWallet and Virtual Credit Card specifically designed to mitigate risk. Additionally the superiorly designed customer interface offers you the best of experience.

3. Zero balance

It's a zero balance account. There are no charges for opening the b2 savings account and no quarterly balance requirements.    
   
•  Higher earnings with quantum optima
•  Zero minimum balance requirement
•  Zero charges
•  Virtual prepaid card 
     
Challenges
   
•  No ATM/ debit card
•  No cheque book
•  Only limited branch access and these branches are as listed below:

Ahmedabad	ICICI Bank Ltd, Shilp Square, Opp Himalaya Mall, Drive-In Road,Ahmedabad	380054
Bangalore	ICICI Bank Ltd, Survey No(80/2) , Plot No 23 , 24 & 25, Bellandur Village Varthur Hobli , Bangalore	560103
Kolkata	ICICI Bank Ltd, 2/3, Hindustan Road, Gariahat, Kolkata	700029
Chandigarh	ICICI Bank Ltd, SCO 485-486 Sector 35C Chandigarh	160022
Chennai	ICICI Bank Ltd, Alwarpet Branch, # 68, C P Ramasamy Road, Alwarpet, Chennai	600018
Delhi	ICICI Bank Ltd, W - 2/6,West Patel Nagar,New Delhi	110008
Faridabad	ICICI Bank Ltd, SCO 145-146-147/Sec-21C, HUDA Market. Faridabad	121001
Ghaziabad	ICICI Bank Ltd, R- 1/88, Raj Nagar, Ghaziabad, Uttar Pradesh	201001
Gurgaon	ICICI Bank Ltd, SCO 18 & 19, HUDA Shopping Centre, Sector-14, Market Complex, Gurgaon	122001
Hyderabad	ICICI Bank Ltd, Plot No. 10, G-Block, Laxmi Towers, Dr. AS Rao Nagar, Hyderabad	500062
Jaipur	ICICI Bank Ltd, Bhagwan Mahaveer Viklang Sahayata Samiti, Gurunanak Path, Malviya Nagar, Jaipur	302017
Mumbai	ICICI Bank Ltd, Unit No 4, Laxmi Towers, B Wing, Bandra-Kurla Complex, Bandra (E), Mumbai	400051
Navi Mumbai	ICICI Bank Ltd, Neel Avenue, Plot No. 5, Sector 19, Panvel-Matheran Road, New Panvel	410206
Noida	ICICI Bank Ltd, Supertech Shopprix,C-134B, Sector-61, Noida , U.P.	201307
Pune	ICICI Bank Ltd, CTS No.809/147, Nayantara, Paranjpe Schemes, Bhandarkar Institute Road, Pune	411004
Thane	ICICI Bank Ltd, Glenmorgan,Veer Savarkar Marg,Panchpakhadi,Thane	400602

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