A Current Account is essential for businesses and professionals who require frequent transactions. When Raj, a small business owner, decided to open a Current Account, he researched various banks and discovered ICICI Bank’s Current Account.

He found that ICICI Bank offers multiple benefits, including seamless online banking, a wide branch network, and customised account variants for different business needs. Intrigued by features such as high transaction limits, cash management services, and digital banking solutions, Raj decided to open an ICICI Bank Current Account to efficiently manage his business finances.

After opening his ICICI Bank Current Account, Raj conducted various transactions for business payments, supplier settlements, and operational expenses. Below is a detailed summary of his financial transactions in the first week:

Recipient / Payer	Amount (₹)
ICICI Bank (Self)	50,000
ABC Suppliers	20,000
XYZ Properties	25,000
DEF Enterprises (Customer)	30,000
Electricity Board	5,000
Self (ATM Withdrawal)	10,000
Income Tax Department	15,000

Types of ICICI Bank Current Account

ICICI Bank offers three main types of Current Accounts, catering to businesses of all sizes and transaction needs. Each category includes multiple variants designed to provide flexibility, seamless banking, and tailored financial solutions.

Read More – ICICI Bank Net Banking

1. Premium Banking

Business 360° Banking
Wealth Management Current Account
Private Banking Current Account

2. Everyday Banking

Smart Business Account
Roaming Current Account Standard

3. Special Banking

ESCROW Current Account
RERA Current Account
Exchange Earners Foreign Currency Account
GEM Current Account

Types of ICICI Bank Current Account and their Features

Type	Features
Business 360° Banking	Grouping: Enjoy pricing benefits by grouping your Business, Personal, and Family Accounts. Single View: View & transact using all your linked Current Accounts on Corporate Internet Banking & InstaBIZ. CASA Pooling: Easy pooling of funds between your Current Account & Savings Account. Curated Solutions for Start-ups and Entrepreneurs A Wide Range of Solutions for Import-Export Businesses with 24x7 Transactions
Wealth Management Current Account	Business made simple with the InstaBIZ app and Corporate Internet Banking 24x7 import-export transactions through Trade Online, along with competitive trade pricing One-stop solution for your business needs of Working Capital Financing, Term Loan, Bank Guarantee, and much more Integrated investment platform for your Current Account with Internet Banking Complimentary MasterCard World Debit Card with airport lounge access No requirement to maintain a Minimum Average Balance (MAB)
Private Banking Current Account	Industry-first solution for Business Counselling, Treasury Investment Management, Fund Raising, M&A Advisory, and many more Dedicated Relationship Team with a Relationship Manager, Product Specialist, Business Banking Specialist, and Service Manager Integrated Investment Platform for your Current Account with Internet Banking No requirement to maintain MAB Exclusive Customer Care helpline – 1800 1080
Smart Business Current Account	Complimentary NEFT/RTGS transactions carried out through online modes or at the Branch Seamless banking solutions designed for import-export businesses Expand your business with our exclusive offerings for start-ups to meet the unique needs of entrepreneurs Complimentary Gold Business Debit Card
Roaming Current Account Standard	Complimentary online RTGS and NEFT transactions Complimentary cheque collection anywhere across the country InstaBIZ app for all your business banking needs MAB requirement of ₹10,000
ESCROW Current Account	Catering to a wide range of transactions such as property sale-purchase, real estate, mergers & acquisitions, profit sharing, etc. Customised solutions for litigation settlement and wealth settlement Quick turnaround for implementation of structure requirements and simplified documentation Quick processing of Escrow Accounts with standardised agreement formats Solutions for the digital execution of the Escrow agreements Corporate Internet Banking platform for viewing the Escrow Account
RERA Current Account	Designed especially for RERA-registered residential/commercial projects and plot development projects Simplified documentation for opening an account Corporate Internet Banking platform for viewing the RERA Account Customised solutions for RERA projects financed by financial institutions
Exchange Earners Foreign Currency Account	A non-interest-bearing Current Account opened with an Authorised Dealer bank Safeguards foreign currency earnings against exchange rate movements Retain foreign exchange in the currency you earn and use it for later payments, without conversion Online conversion of the EEFC balance to your INR Current Account Can be opened by all categories of foreign exchange earners, such as individuals, companies, proprietorships, partnerships, LLP, etc., who are residents of India Available in 24 different currencies
GEM Current Account	Designed specifically for government suppliers, vendors, and contractors No minimum balance requirement Complimentary cash deposit up to ₹50 lakh per month Complimentary NEFT/RTGS transactions carried out through online modes or at the Branch Express Bank Guarantee

ICICI Bank Current Account Fees & Charges

Category	Charges
MAB Requirement	₹10,000 (₹5,000 for Individuals)
NEFT Outward (Online)	Nil
NEFT Outward (Branch)	Up to ₹10,000 – ₹2.25 per transaction ₹10,001 to ₹1,00,000 – ₹4.75 per transaction ₹1,00,000 to ₹2,00,000 – ₹14.75 per transaction ₹2,00,000 to ₹10,00,000 – ₹24.75 per transaction
RTGS Outward (Online)	Nil
RTGS Outward (Branch)	₹2,00,000 to ₹5,00,000 – ₹20 per transaction ₹5,00,000 and above – ₹45 per transaction
IMPS Outward	Up to ₹1,000 – ₹2.50 per transaction ₹1,001 to ₹1,00,000 – ₹5 per transaction ₹1,00,000 to ₹5,00,000 – ₹15 per transaction
Cash Deposit (Base Location)	Up to ₹1,00,000 – Nil Above ₹1,00,000 – ₹3.5 per ₹1,000 (Min ₹50 per transaction) Bulk Cash (above ₹5,00,000) – ₹3.5 per ₹1,000
Cash Withdrawal (Base Location)	Unlimited for self; ₹50,000 per transaction for third party
Cash Deposit (Non-Base Location)	₹3.5 per ₹1,000 + ₹5 per ₹1,000 (Min ₹100)
Cash Withdrawal (Non-Base Location)	₹50,000 per day for self; ₹2 per ₹1,000 (Min ₹50 per transaction)
Total Branch Transactions (Above 20 per Month)	Cash Deposit: ₹50 per transaction Other Transactions: ₹25 per transaction
Cash Deposit via Cash Acceptor/Recycler Machines	₹50 per transaction (on bank holidays or between 6 PM – 8 AM if deposit exceeds ₹10,000 per month)
Cheque Collection (Outstation)	Nil
Cheque Book	25 leaves per month free; ₹2 per additional leaf
Demand Draft (DD)/Pay Order (PO)	₹2 per ₹1,000 (Min ₹50)
Address Change Request	Nil
Address Confirmation	Nil
NACH Mandate Authorization (Physical)	₹100 per mandate
Internet Banking User ID / Password Reset	Nil
Debit Card Annual Fees	₹250 per year*
ATM Interchange (Other Bank ATMs in India)	Metro Locations: ₹21 per financial transaction, ₹8.5 per non-financial transaction (post 3 free transactions) Non-Metro Locations: ₹21 per financial transaction, ₹8.5 per non-financial transaction (post 5 free transactions)
ATM Withdrawal at Other Bank ATMs (Outside India)	₹125 per transaction + 3.5% currency conversion charge
Replacement Debit Card (Lost/Damaged)	₹200 per card
Debit Card PIN Re-generation	Nil
Debit Card Hotlisting	Nil
Value-Added SMS Alerts	₹0.15 per SMS (Individuals), ₹25 per month (Non-individuals)
Monthly Physical Account Statement	₹25 per month
Interest Certificate	Nil
Signature Attestation	₹100 per application
Balance Certificate	Nil
Retrieval of Old Transactional Documents	Nil
Standing Instructions (Setup)	Nil
DD/PO Cancellation / Duplicate / Revalidation	₹100 per instance
Stop Payment Charges	₹100 per cheque (Nil if done via customer care IVR or digital banking)
Duplicate Statement Issue	₹100 per statement (Branch/Non-IVR), ₹50 (IVR, ATM, Net Banking)
Account Closure	Nil
Non-Maintenance of MAB	₹750 per month
Branch Transactions without Maintaining MAB	₹25 per transaction (from first transaction)
ECS Debit Return	₹500 per instance (max 3 per month for the same mandate)
Cheque Return (Inward)	₹500 per instrument (Financial Reason)
Cheque Return (Outward)	₹100 per cheque
Courier Deliverable Returned	₹50 per instance
Undelivered Items Destroyed at Branch	₹50 per instance
Declined ATM/POS Transaction due to Insufficient Funds	₹25 per transaction
Standing Instructions Rejection (Financial Reasons)	₹200 per instance
Cash Management Service (iMultipay / iPay via Branch)	One-time setup fee: ₹7,500
iMultipay / iPay Transaction Fees (via Branch)	FT: Nil, NEFT: ₹2.5, RTGS: ₹5, DD/PO: ₹5, IMPS: ₹2.50 - ₹15 per transaction
Cash Management Service (iMultipay / iPay via CIB/InstaBIZ)	One-time setup fee: ₹2,000
iMultipay / iPay Transaction Fees (via CIB/InstaBIZ)	FT: Nil, NEFT: ₹1, RTGS: ₹1, IMPS: ₹2.50 - ₹15 per transaction
Virtual Account Collection (E-Collection via Branch)	One-time setup fee: ₹5,000; ₹1 per transaction
Virtual Account Collection (E-Collection via CIB/InstaBIZ)	One-time setup fee: ₹2,000; ₹1 per transaction
Cash Deposit Limit if MAB is Below 80%	No complimentary limit

ICICI Bank Current Account Eligibility

Entities engaged in business activities are eligible to open a Current Account. This includes:

Individuals (for business purposes)
Sole Proprietorship Firms
Hindu Undivided Family (HUF)
Partnership Firms
Private Limited & Public Limited Companies
Trusts, Associations, Societies & Clubs (TASC) Limited
Limited Liability Partnerships (LLP)

Documents Required for Opening a Current Account in ICICI Bank

1. Documents for Individuals (Business Purpose)

The PAN Card of the individual
Aadhaar Card / Passport / Voter ID / Driving License (for ID & Address Proof)
Business Registration Proof (if any)
GST Registration Certificate (if applicable)
Recent Passport-sized Photograph
Latest Utility Bill / Rent Agreement (if business premises address differs from personal address)

2. Documents for a Sole Proprietorship Firm

PAN Card of Proprietor
Aadhaar Card / Passport / Voter ID / Driving License (for ID & Address Proof)
Business Registration Certificate (any one of the following):
- GST Registration Certificate
- MSME Registration
- Shop & Establishment Certificate
- Income Tax Return (ITR) with business name
Recent Passport-sized Photograph
Bank Statement of the Proprietor (last 3-6 months)
Latest Utility Bill / Rent Agreement (if the business address is different)

3. Documents for Hindu Undivided Family (HUF)

PAN Card of HUF
PAN Card of Karta (Head of Family)
HUF Declaration Deed
Aadhaar Card / Passport / Voter ID / Driving License of Karta (for ID & Address Proof)
Business Registration Proof (if applicable)
A recent Passport-sized Photograph of Karta

4. Documents for Partnership Firm

PAN Card of the Partnership Firm
Partnership Deed (duly signed by all partners)
Registration Certificate (if registered)
GST Registration Certificate (if applicable)
Aadhaar Card / Passport / Voter ID / Driving License of all Partners (for ID & Address Proof)
Business Address Proof (Utility Bill / Rent Agreement)
Partnership Authorization Letter (authorising a partner to operate the account)

5. Documents for Private & Public Limited Company

PAN Card of the Company
Certificate of Incorporation (COI) issued by the Registrar of Companies
Memorandum & Articles of Association (MOA & AOA)
Board Resolution for Account Opening (signed by Directors)
GST Registration Certificate (if applicable)
Company Address Proof (Utility Bill / Rent Agreement)
List of Directors (from the MCA portal) and their KYC Documents
- Aadhaar Card / Passport / Voter ID / Driving License
- PAN Card
- Recent Passport-sized Photograph

6. Documents for Trust, Society, Association & Club (TASC) Limited

PAN Card of the Trust/Society/Association/Club
Trust Deed / Bye-laws / Constitution Document
Registration Certificate (if applicable)
Board Resolution / Managing Committee Resolution (for account opening)
List of Authorized Signatories with their KYC Documents:
- Aadhaar Card / Passport / Voter ID / Driving License
- PAN Card
- Recent Passport-sized Photograph
Proof of Address of the Trust/Society/Association/Club

7. Documents for Limited Liability Partnership (LLP)

PAN Card of LLP
LLP Agreement
Certificate of Incorporation (COI) issued by the Registrar of Companies
List of Designated Partners and their KYC Documents:
- Aadhaar Card / Passport / Voter ID / Driving License
- PAN Card
- Recent Passport-sized Photograph
Board Resolution / Authorization Letter (for account opening)
GST Registration Certificate (if applicable)
Business Address Proof (Utility Bill / Rent Agreement)

Other Documents (If Applicable for Any Entity)

FSSAI License (if involved in the food business)
Import Export Code (IEC) (if involved in international trade)
Shop & Establishment Certificate (if applicable)
MSME Registration Certificate (if applicable)
Income Tax Returns (ITR) with business details
Any other licenses required for specific businesses

How to Open an ICICI Bank Current Account Online?

Step 1: Go to the official website of ICICI Bank.

Step 2: After visiting the site, in the search bar, write “Online Current Account” and click on the first suggestion.

Step 3: After clicking on that, you will be redirected to a new page where you will see a link to apply for the Current Account. Click on that. And then click on the “Open a current account” button.

Step 4: Fill out the application form by entering your personal and business details, including PAN and business type.

Step 5: Upload required KYC documents such as Aadhaar, PAN, business registration proof, and address proof.

Step 6: Complete verification through a bank representative or via Video KYC if applicable.

Step 7: Upon successful verification, the bank will approve and send your account details via SMS/email.

Step 8: Activate your account by logging into ICICI Net Banking or the iMobile App and start transactions.

How to Open an ICICI Bank Current Account Offline?

Step 1: Choose the Type of Current Account

ICICI Bank offers different types of current accounts based on business needs. Visit your nearest ICICI Bank branch and consult with a bank representative to choose the right account type.

Also Read - ICICI Bank FASTag

Step 2: Collect the Account Opening Form

Request a Current Account Opening Form from the bank or download it from the ICICI Bank website and fill it out before visiting the branch.

Step 3: Gather Required Documents

Prepare the necessary KYC (Know Your Customer) documents, including:

Identity Proof
Address Proof
Business Proof
Passport-sized Photographs of the account holder and authorised signatories.

Step 4: Visit the ICICI Bank Branch

Go to the nearest ICICI Bank branch with the filled application form and required documents.

Step 5: Submit the Documents for Verification

You should hand over the documents to the bank official for verification. If necessary, you may need to provide additional information about your business.

Step 6: Make an Initial Deposit (if required)

Some current accounts require a minimum initial deposit. Deposit the required amount at the branch.

Step 7: Signature Verification & Account Approval

The bank will verify your signature and documents.
If all documents are in order, your current account will be approved within a few working days.

Step 8: Receive Your Welcome Kit

Once your account is active, the bank will provide a welcome kit, which may include:

Cheque Book
Debit Card (if applicable)
Account Details & Customer ID
Net Banking and Mobile Banking Activation Guide

Step 9: Activate Your Account

Log in to ICICI Mobile Banking using the provided credentials.
Set up transaction limits and security settings as per your business needs.

Step 10: Start Using Your Current Account

Your ICICI Current Account is ready for business transactions, payments, and withdrawals.

ICICI Bank Current Account vs competitor banks’ Current Account

Bank & Account Type	Average Balance Requirement	Non-Maintenance Charges	Cash Deposit Limit	Cheque Book Facility	Additional Features
ICICI Bank - Roaming Current Account Standard	₹10,000	₹750 per month	Free up to ₹1,00,000 per month at the base location	25 leaves free per month	Free NEFT/RTGS collections; IMPS payments at ₹3.50 for transactions up to ₹10,000
Axis Bank - Delite Current Account	No minimum balance requirement	Nil	Enhanced limits for cash deposits and withdrawals	Unlimited cheque books	Free NEFT and RTGS transactions; no monthly service charges
Kotak Mahindra Bank - Neo Current Account	₹10,000	Charges apply if not maintained	Free cash deposits up to ₹ 2,00,000 per month at the base branch	50 leaves free per month	Free NEFT/RTGS/IMPS transactions, ActivMoney feature to earn interest on idle funds

FAQ’s

What are the eligibility criteria to open an ICICI Bank Current Account?
Individuals, businesses, firms, or companies with valid KYC documents (PAN, Aadhaar, business registration, address proof) can open an ICICI Current Account.

Can I open an ICICI Current Account online?
Yes, you can apply online, but document verification at a branch is required for activation.

What is the minimum balance requirement for an ICICI Current Account?
The minimum balance requirement varies based on the account type and location, typically ranging from ₹10,000 to ₹1,00,000.

How long does it take to activate an ICICI Current Account?
After document verification, the account is usually activated within 2–5 working days.

Can I link my ICICI Current Account to UPI and Net Banking?
Yes, you can link your Current Account to UPI, Net Banking, and Mobile Banking for seamless transactions.

Other Bank Current Accounts
PNB Current Account	IndusInd Bank Current Account	UCO Bank Current Account	RBL Bank Current Account
Saraswat Bank Current Account	SBI Current Account	Indian Bank Current Account	IDFC First Bank Current Account
ICICI Bank Current Account	HDFC Bank Current Account	Federal Bank Current Account	ESAF Current Account