TECH GYAN

ICICI Bank –

ICICI Bank is one of the largest private sector banks in India. It was established in 1994 and is headquartered in Mumbai, Maharashtra. ICICI Bank offers a wide range of banking and financial services to individuals, businesses, and corporate customers.

Some key features and services provided by ICICI Bank include:

1. Retail Banking: ICICI Bank Parakram Credit card ICICI Bank offers various retail banking products and services such as savings accounts, current accounts, fixed deposits, recurring deposits, loans, credit cards, debit cards, and wealth management services.

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1. Corporate Banking: ICICI Bank provides a comprehensive range of banking services to corporate customers, including working capital finance, trade services, cash management, treasury services, project finance, and corporate advisory services.
2. NRI Banking: ICICI Bank offers specialized banking services for Non-Resident Indians (NRIs) to manage their finances, including NRI savings accounts, NRI fixed deposits, NRI home loans, NRI remittance services, and NRI investment opportunities.
3. Digital Banking: ICICI Bank has a robust digital banking platform that allows customers to access and manage their accounts online or through mobile banking applications. It provides features like fund transfers, bill payments, online shopping, investment options, and more.
4. International Banking: ICICI Bank has a significant presence in the international banking sector. It offers a wide range of services to facilitate foreign exchange transactions, trade finance, foreign currency loans, and international remittances.
5. Insurance and Investments: ICICI Bank provides various insurance products such as life insurance, health insurance, general insurance, and investment options like mutual funds, bonds, and fixed deposits.

ICICI Bank has a large network of branches and ATMs across India and also has a presence in several countries globally. It has been recognized for its technological innovation, customer service, and financial performance. ICICI Bank Parakram Credit card Please note that the specific services, products, and features offered by ICICI Bank may vary and it is advisable to visit their official website or contact the bank directly for the most accurate and up-to-date information.

ICICI Bank Parakram Credit card –

ICICI Bank Parakram Credit Card is a credit card offered by ICICI Bank, one of the largest private sector banks in India. This credit card is specifically designed for armed forces personnel, including Army, Navy, Air Force, and Paramilitary Forces.

Key Features and Benefits of ICICI Bank Parakram Credit Card:

1. Welcome Benefits: ICICI Bank Parakram Credit card The card offers welcome benefits such as reward points or cashback on joining the program.
2. Rewards Program: The Parakram Credit Card provides accelerated rewards points on various categories such as fuel, groceries, dining, and utility bill payments.
3. Special Offers: Cardholders can avail exclusive offers and discounts on shopping, travel, dining, and entertainment through partner merchants.
4. Fuel Surcharge Waiver: ICICI Bank Parakram Credit card ICICI Bank Parakram Credit Card provides a fuel surcharge waiver on fuel transactions at selected fuel stations across India.
5. Complimentary Airport Lounge Access: Cardholders can enjoy complimentary access to select airport lounges within India.
6. Insurance Coverage: The Parakram Credit Card offers insurance coverage against personal accidents, loss of baggage, and other travel-related inconveniences.
7. Contactless Payments: The card is enabled with contactless payment technology, allowing users to make quick and secure transactions by tapping the card at NFC-enabled terminals.

Eligibility Criteria: To apply for an ICICI Bank Parakram Credit Card, individuals need to meet the following eligibility criteria:

1. The applicant must be an armed forces personnel (Army, Navy, Air Force, or Paramilitary Forces).
2. The applicant should meet the bank’s income and credit score requirements.
3. The applicant must be an Indian citizen or a non-resident Indian (NRI) with a valid Indian address.

It’s important to note that specific terms and conditions, fees, and interest rates may apply to the ICICI Bank Parakram Credit Card. It’s recommended to visit ICICI Bank’s official website or contact their customer service for the most accurate and up-to-date information regarding the card.

ICICI Bank Parakram Select Credit cards –

ICICI Bank Select Credit Cards are a range of premium credit cards offered by ICICI Bank, one of the leading banks in India. These cards are designed to provide exclusive benefits, rewards, and privileges to cardholders, catering to their lifestyle needs and preferences. ICICI Bank Parakram Credit card Here are some key features and benefits of ICICI Bank Select Credit Cards:

1. Multiple Card Variants: ICICI Bank Parakram Credit card ICICI Bank offers different variants of Select Credit Cards to cater to various customer segments. These may include cards like ICICI Bank Emeralde Credit Card, ICICI Bank Sapphiro Credit Card, ICICI Bank Rubyx Credit Card, etc. Each variant offers unique features and benefits.
2. Welcome Benefits: Cardholders are typically offered attractive welcome benefits such as welcome rewards points, vouchers, or discounts on joining fees.
3. Reward Points: Select Credit Cards allow cardholders to earn reward points on their card spends. These reward points can be accumulated and redeemed for a variety of options including air miles, merchandise, vouchers, or even to pay off outstanding card balances.
4. Complimentary Airport Lounge Access: ICICI Bank Parakram Credit card Cardholders can enjoy complimentary access to select airport lounges within India and abroad. The number of lounge visits may vary depending on the specific card variant.
5. Travel Benefits: ICICI Bank Parakram Credit card ICICI Bank Select Credit Cards often come with travel-related privileges such as discounts on flight bookings, hotel stays, car rentals, travel insurance coverage, and access to exclusive travel offers.
6. Lifestyle Privileges: Cardholders can avail themselves of lifestyle benefits like discounts on dining, shopping, entertainment, spa treatments, and golf, depending on the specific card variant.
7. Concierge Services: Some Select Credit Cards offer 24×7 concierge services that assist cardholders with travel bookings, restaurant reservations, gift deliveries, and other personalized services.
8. Fuel Surcharge Waiver: ICICI Bank Parakram Credit card Cardholders can enjoy a waiver of fuel surcharges at select fuel stations across India.
9. EMI Options: ICICI Bank Select Credit Cards provide the flexibility to convert high-value purchases into easy monthly installments with attractive interest rates.
10. Secure Transactions: These credit cards come with advanced security features like embedded EMV chips, PIN-based transactions, and additional layers of authentication for online transactions to ensure cardholder safety.

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Please note that the specific features, benefits, and eligibility criteria may vary for each variant of ICICI Bank Select Credit Cards. It is advisable to visit the official ICICI Bank website or contact the bank directly for the most up-to-date and accurate information regarding their credit card offerings.

Benefits & futures.

ICICI Bank Parakram Credit card Subject to the Terms specified herein, the Cardholder(s) can avail the following benefits:

1. ICICI Bank Rewards earned on card spends

Spends category	ICICI Bank Reward Points (per ₹ 100 spent)
Grocery & Department Stores	10 (capped at 400 Reward Points per month)
All Categories (Excluding those mentioned above and below)	2
Insurance, Fuel and Utility	1
Cash advance, ATM withdrawal, Expenditure in form of EMI, Balance transfer, PLCC, Fees and other charges	0

1. The ICICI Bank Rewards Scheme shall come in force from the Effective Date and shall be available to Card Member/s holding select ICICI Bank Credit Cards only, on and after the Effective Date
   1. Under the ICICI Bank Rewards Scheme, ICICI Bank shall award ICICI Bank Reward Points for Valid Charges incurred by the Card Member on select ICICI Bank Credit Cards
   1. The ICICI Bank Reward Points earning system will follow an Anniversary Year of reward earning.
   1. The ICICI Bank Reward Points, as earned by the Card Member under the ICICI Bank Rewards Scheme shall be indicated in the monthly Statement sent to the Card Member.
   1. The Card Member can redeem his/ her accumulated ICICI Bank Reward Points against redemption offers made by ICICI Bank from time to time.
   1. Upon redemption of the ICICI Bank Reward Points, the ICICI Bank Reward Points so redeemed shall automatically stand reduced or debited from the accumulated ICICI Bank Reward Points in the Card Account.
   1. If any time before the Scheme Termination Date the use of the select Credit Card is withdrawn, or cancelled, or is liable to be cancelled, or the Card Account is termed as a Delinquent Account, all the ICICI Bank Reward Points then standing to the credit of the Card Member shall ipso facto stand immediately and automatically cancelled.
   1. Such cancelled ICICI Bank Reward Points shall not be credited to the Card Account even if the Card Member reinstates his/ her membership with ICICI Bank.

1. At the end of the Scheme Termination Date, the ICICI Bank Reward Points standing to the credit of the Card Member which have not been redeemed within the stipulated time shall lapse automatically.
   1. ICICI Bank Parakram Credit card The following terms and conditions shall apply to the ICICI Bank Rewards Scheme, Handpicked Rewards Scheme as well as the ICICI Bank Rewards (hereinafter collectively referred as “Schemes” and individually as “respective Scheme”):The Schemes shall not be applicable to those Card Members with Delinquent Accounts as on the Effective Date of the respective Scheme or subsequently for any Card Accounts that becomes delinquent during the tenure of the Schemes.

How to Apply for ICICI Bank Parakram Credit card & ICICI Bank Parakram Select Credit card –

To apply for the ICICI Bank Parakram Credit Card or ICICI Bank Select Credit Card, you can follow the steps below:

1. Visit the ICICI Bank official website: ICICI Bank Parakram Credit card Go to the ICICI Bank website using your web browser. Ensure that you are on the official website to avoid any fraudulent activities.
2. Explore credit card options: Browse through the credit card section on the ICICI Bank website and look for the Parakram Credit Card or Select Credit Card. Read the features, benefits, and eligibility criteria to determine which card suits your needs.
3. Check eligibility: Review the eligibility requirements for the credit card you are interested in. The eligibility criteria typically include factors such as age, income, employment status, credit score, and residential status. Make sure you meet the requirements before proceeding with the application.
4. Fill out the online application form: Once you have chosen the credit card and confirmed your eligibility, locate the online application form for that specific card. Click on the “Apply Now” or “Apply Online” button to access the form.
5. Provide necessary details: Fill in the required information accurately in the online application form. The details usually include personal information (name, date of birth, address, contact details), employment details, income details, and any additional information as requested.
6. Attach supporting documents: ICICI Bank Parakram Credit card As part of the application process, you may need to submit certain documents to verify your identity, address, and income. Commonly requested documents include a copy of your PAN card, Aadhaar card, passport-size photographs, salary slips, bank statements, and address proof documents. Ensure you have scanned copies of these documents ready to upload during the application process.
7. Review and submit: Before submitting the application, carefully review all the information you have provided. Make sure it is accurate and complete. Once you are satisfied, submit the application.
8. Wait for processing: After submitting your application, the bank will review it and assess your creditworthiness. This may involve verification of the documents you have submitted and conducting a credit check. The processing time can vary, and you will be notified about the status of your application.
9. Follow up and receive the credit card: If your application is approved, you will receive further instructions from ICICI Bank regarding the next steps. This may include providing any additional documents if required and signing the necessary agreements. Once the formalities are completed, your ICICI Bank Parakram Credit Card or ICICI Bank Select Credit Card will be dispatched to your registered mailing address.

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It’s important to note that the application process and requirements may change over time. Therefore, it is advisable to visit the official ICICI Bank website or contact their customer support for the most up-to-date and accurate information regarding credit card applications.

1. Insurance Benefit
   1. Cardholders are entitled to Personal accident insurance of Rs. 2 Lakhs and Air Accident cover of Rs. 20 Lakhs
   1. The insurance benefit is not applicable during service and any coverable events that occur during service; the benefit is applicable only in a personal capacity and for non service related events
   1. The Card Member may be offered various insurance benefits from time to time by ICICI Bank through a tie up with the Insurance Company.
   1. In all cases of claim, the Insurance Company will be solely liable for settlement of the claim, and the Card Member will not hold ICICI Bank responsible in any manner whether for compensation, recovery of compensation, processing of claims or for any other reason whatsoever.
   1. Subject to the terms of the para below, the Insurance Company will be absolved of all its liabilities by releasing approved dues to the nominee of the Card Member whose name and signature, duly witnessed, appears on the insurance

nomination form forwarded by the Card Member to the Insurance Company directly or through ICICI Bank.

• Any change in the nomination will be intimated to ICICI Bank by the Card Member in writing.
  • The Card Member further acknowledges that the insurance benefits so provided will be available to the Card Member only so long as the Card Member is and remains a Card Member of ICICI Bank with his Card Account being good and regular and no event of default has occurred.
  • The Card Member further agrees that the insurance claim proceeds may be placed in escrow by the Insurance Company at the direction of ICICI Bank until satisfactory discharge of all outstanding liabilities on the Card by the Card Member.
  • In the event of the Card facility being terminated, for whatever reason, all such insurance benefits shall automatically and ipso facto cease to be available from such date of cessation of membership.
  • ICICI Bank may at any time (at its sole discretion without giving any prior notice thereof) modify, suspend, withdraw or cancel these insurance benefits and there will be no binding obligation on ICICI Bank to continue these benefits.
• Other Features

1. Cardholders are entitled to a complimentary round of golf on spending Rs. 50,000 on the cardMax 4 rounds in a monthRs. 50,000 spends required for each round of golfGolf benefit access is provided by third party vendors and the availability of feature under the scheme is subject to third party offering on which the Bank has limited to no control
   1. Cardholders are entitled to up to 3 free add on cards
   1. Cardholders are entitled to 1% fuel surcharge waiver
      1. Applicable on transactions between Rs. 400 and Rs. 4,000
      1. Maximum monthly waiver capped at Rs. 250
      1. Applicable on all petrol pumps

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