What is the Full Form of ICICI?
The full form of ICICI is the Industrial Credit and Investment Corporation of India. ICICI is a bank and the headquarters are in Mumbai, Maharashtra. It has offices across 17 nations in the globe. It is an investment bank. You can get credit cards based on your customer history.
It is one of the most reliable banks. Before choosing a bank to have an account in, you should always do proper background check of the bank like which are the services that they provide to the customers, how much does they cut in transactions, how is the customer care service and a lot more.
This will help you to get a proper idea and clarity on whether you want the service of the particular bank or not. If still not sure, do not hesitate to get in touch with the manager of the branch in which you would like to avail services from.
Also Read: OTT Full Form
ICICI Bank Full Form (Industrial Credit and Investment Corporation of India)
In 1955 ICICI was formed. It joined finance in 1994 when ICICI was established as the financial bank. The tagline of ICICI is ” Hum hai na, khayal apka”. In 1998, ICICI Bank became the first bank in India to begin internet banking.
ICICI bought Bank of Madura in 2001. ICICI Bank launched its branches in Canada, Dubai, Shanghai, the UK, and Singapore in 2003. In 2004, it established an office in Bangladesh and South Africa.
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ICICI Bank purchased a Russian Bank in 2005 and named it ICICI Bank Eurasia. It also set up a branch in Hong Kong & Dubai. It set up a branch in Belgium, Antwerp, and representative offices in Jakarta, Bangkok, and Kuala Lumpur in 2006.
Sangli Bank, which has 158 subsidiaries in Maharashtra and 31 branches in Karnataka, was established in 2007. In 2008, it transformed its New York branch into a branch of ICICI Bank with the approval of the US Federal Reserve. It opened an office in Frankfurt in the same year too.
It was the first private-sector bank to open a mobile branch in Maharashtra with an ATM in 2013. In March 2020, ICICI Bank Ltd.’s board approved a Rs 1,000 crore investment in Yes Bank Ltd. This investment led to ICICI Bank Limited owning more than five percent of Yes Bank’s shareholding.
Also Read the full form of IFS.
ICICI Full Form: Functional Area of ICICI Bank
There are multiple functions available for the customers in the ICICI Bank. A few of them have been listed below.
- You can create a deposit account in the bank. Savings and Current both types of deposit accounts are available.
- Loans: educational Loans, Car Loans, Home Loans, Personal Loans all available in one single place.
- Fixed and Recurring deposits: You can open your fixed deposits in the bank. Adding up the interest rate, you will be getting an amount based on the number of years you wish to deposit your money.
- Online Transaction Facility
- Credit cards
- Debit cards.
You can avail any of the above features offered by the bank. You can either walk-in or avail of the online facility. For online document submission, you need to scan the copies and submit them. You will be allotted an application ID. You can keep a track of your application through the application id number.
FAQs Based on ICICI Bank Full Form
What is the full form of ICICI and HDFC?
The full form of ICICI is the Industrial Credit and Investment Corporation of India. HDFC Full form is Housing development Finance Corporation.
What is the full form of Axis Bank?
Axis Bank does not have a full form. The full form of Axis Bank is itself Axis Bank.
Is ICICI Indian or a foreign bank?
ICICI is an Indian Bank.
Which is better SBI or HDFC?
The lowest Interest rate of SBI Personal Loan is 9.60%, and the lowest interest rate of HDFC Bank at 10.25%. A personal loan of Rs 15 Lakh is provided by SBI whereas HDFC offers Rs 75 Lakh Loan.
Which is the safest bank in India?
DBS is been awarded the best bank of India for the year 2021.
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