Wednesday, August 20, 2008

b2 branchfree banking by ICICI bank, no minimum balance, no charges, total free banking

You might have already heard about ORANGE account or conto arancio by Ingdirect which has been a great success in USA and Europe.

Now, ICICI bank, India's number one private bank, has launched its first Indian branchfree banking, names b2 branchfree banking. This concept comes with the technological improvements in the banking sector. Just remember how many times you have visited your ICICI bank branch after opening the account and you need to maintain a minimum balance of Rs 5000., I have my branch in XXX and I have never visited my branch for the last two years and I still operate my account. The only difference with the new b2 branchfree banking is that you will not have your branch defined, but your account will work in the same way as it used to work with ICICI bank. The advantage of being b2 branchfree banking customer is
  1. Higher earnings
  2. payments and transactions
  3. Zero balance (No minimum balance)
  4. Online customer service
  5. Quantum optima facility
  6. Zero expenses

Quantum optima facility, if the balance exceeds Rs 5000, the money is automatically transferred, in multiples of Rs 5000, to a linked fixed deposit which will earn ICICI bank fixed deposit rates. This facility was available in ICICI bank but later they removed it. new b2 branchfree banking also offers facilities like an e wallet a zero limit pre paid visa card which can be used for online purchases and to pay utility bills.

I do not why, but this facility is only available to customers residing in the folloign Indian cities

  1. Ahmedabad
  2. Bangalore
  3. Calcutta
  4. Chandigarh
  5. Chennai
  6. Delhi
  7. Faridabad
  8. Ghaziabad
  9. Gorgaon
  10. Hyderabad
  11. Jaipur
  12. Mumbai
  13. Navi Mumbai
  14. Noida
  15. Pune
  16. Secunderabad
  17. Thane


Goa is not available on the web site, but I received the mail from ICICI bank representative that its available in GOa also, HOw??

If you belong to any of the cities, you can open the account and enjoy free banking.

This is the truely 100% Indian account with zero opening fee and zero balance.


Goa is not available on the web site, but I received the mail from ICICI bank representative that its available in GOa also, HOw??

If you belong to any of the cities, you can open the account and enjoy free banking.

This is the truely 100% Indian account with zero opening fee and zero balance.

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