Categories: Banking

ICICI Bank offers debit card for customers availing LAS

ICICI Bank has launched a debit card facility for the customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. With this launch, ICICI Bank has become the first bank in India to launch such a facility.

The LAS debit can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.

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Benefits of the debit card:

Transaction limit: The card offers a maximum daily transaction limit of Rs. 3 lakh each for POS and online transactions.
Digital card: The Bank provides a digital card to customers, which is made available on iMobile app within one business day. (Physical card will be made available within seven business days.)
Automatic renewal: The card is automatically renewed upon renewal of the LAS account.

Important takeaways for all competitive exams:

CICI Bank Headquarters: Mumbai, Maharashtra.
ICICI Bank MD & CEO: Sandeep Bakhshi.
ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.