ADVERTISEMENT

iStartup 2.0 Launched by ICICI Bank, a “One-Stop-Shop”
i

ICICI Bank has launched iStartup 2.0 as a one-stop-shop for startups. The bank offers customers an eponymous current Account, which is available in three variants in Silver, Gold, and Platinum.

On Thursday, ICICI Bank (1), a private money lender, launched a program iStartup 2.0. It takes care of startups’ banking and other needs, including regulatory assistance, accounting, analytics, customer acquisition, staffing, digital outreach, etc. 

iStartup 2.0 offers an eponymous Current Account, which is available in three variants in Silver, Gold, and Platinum. It is the most comprehensive range offered by any Banks for startups. New business, up to ten years old, including partnership, private and public limited companies along with limited liabilities partnership, can opt for the current account.

It will also allow startups to open an account seamlessly and instantly access account numbers during its incorporation as the bank has APIs integration with the Ministry of Corporate Office website.  

 

Features of ICICI’s iStartup 2.0

iStartup 2.0 offers vital assistance to founders and entrepreneurs. It will save time and effort as they don’t have to fill all the details to apply for a bank account. For further convenience, the bank also sends officials to startups according to their time for KYC original document verification. 

Other than that, iStartup 2.0 also offers holders to a dedicated relationship manager, premium savings account, and salary accounts for employees, and waiver for quarterly average balance for a year. Startups can also customize and select the features as per their requirement. Account-holders can choose a single account for both domestic and international trade transactions with preferred prices. 

The Self Employed Segment Head of ICICI Bank, Pankaj Gadgil, stated that the self-employed segment is the Indian economy’s backbone. The startup economy in India is poised for fast-paced growth and has favorable regulations and high-spirit. 

Pankaj also added that we believe that iStartup 2.0 is the most comprehensive startup program available in India. It will provide easy banking and beyond-banking services to entrepreneurs and startups. 

 

Key Highlights of Program

  • Instant payment of GST
  • Easy bulk collection & payments of funds via multiple modes
  • Automatic bank reconciliation
  • Inward and outward remittances.
  • Availability of Corporate Internet Banking platform
  • Availability of online trade
  • Automatic bank reconciliation feature ‘Connected Banking.’ It has over 40 popular accounting / ERP platforms.
  • It also offers business debit cards and FD backed business credit cards.
  • Special pricing on ‘Loan Against Securities’ and ‘Overdraft facility against Fixed Deposit’
  • Zero processing fee and commitment charges on Fixed Deposits and Overdrafts
  • Group Health & Personal Accident cover
+ posts

Rucha Joshi, currently managing a team of over 20 content writers at TimesNext is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student and a passionate leader.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Team Rucha Joshi
Team Rucha Joshi
Rucha Joshi, currently managing a team of over 20 content writers at TimesNext is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student and a passionate leader.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Customer-first marketing is a tactic that allows businesses to create content, product, & marketing campaigns that aim to put their customers first.

Your Ultimate Guide for Customer-First Content Marketing Plan

0
It offers a significant change from traditional marketing strategy, which focuses on creating marketing initiatives based on their organization's needs over customers' needs.  If you...
With the rapid rise of digitalization and businesses moving online, the popularity of no-code and low code apps is also moving up the ladder.

Democratization of the Tech World with Low-Code and No-Code Platforms

0
A slew of startups and early-stage companies are choosing NCLC, no code, low code software when the Indian software engineers' monthly remuneration is witnessing...
A growth mindset is an important lesson Elon Musk has taught to every business worldwide. Let us dive into this very lesson today.

Growth Mindset: A Key Success Lesson to Learn from Tesla’s Elon Musk

0
A stroke of ill luck has caught car companies into mayhem with a worldwide shortage of chips and ships. However, there is one company...
An energy crisis is looming over the coal supplies growing perilously low, adding challenges to the world's fifth-largest economy.

Explained: Why is India Experiencing Coal Crisis

0
Mere few days ago, people were in chaos as Facebook and its products were down for over six hours (1). Imagine if you had...
The phenomenon of startups helping startups goes a long way in building a dynamic, diverse, and driving entrepreneurial ecosystem.

Peer Mentoring: A Proactive Measure Needed for Startup Success

0
Being an entrepreneur can be pretty lonely. It is challenging to come across the right person to generate a peer mentoring relationship and learn...
Evergrande, the Chinese real estate giant, is the world's most indebted company at present. It owes more than 300 billion USD in liabilities.

Evergrande Crisis: The Chinese Infrastructure Giant is Set to Collapse

0
The Evergrande crisis in 2021 is reminding people of the 2008's economic crisis. The colossal Chinese real-estate developer is trembling while also threatening markets...

Get the Attention of High-Profile Founders, Investors, and Executives With These Tips

0
You may have several reasons for connecting with industry leaders, such as looking for new job opportunities, courting investors, selling their products, consultation, networking,...

Shiba Inu: The Rising Popularity of Dogecoin’s Spin-Off

0
Dogecoin, a crypto token that started as a joke, is now worth serious money. It is now challenged by an upstart, a puppy-themed competitor:...
ADVERTISEMENT