Awesome - ICICI Bank onboards #BBPS as a Biller

            The below screenshot says it all. ICICI Bank – Loans Department onboards #BBPS as a Biller.

            In simple terms, this means ICICI Loan Holders can repay their Loan Amounts via #BBPS.

            ICICI Borrowers have to key in the 16 Digit Loan Account Number in the specified field and the Bill will be fetched.

As of now clarity is awaited if regular EMIs can be paid via #BBPS or only overdue loan amounts can be paid via BBPS.

Hopefully, there will be clarity in the coming days.

ICICI Banks Retail Loans portfolio comprises the following mix: -

·         Home loans

·         Vehicle loans

-          Auto finance

-          Commercial business

-          Two-wheeler loans

·         Business banking

·         Rural loans

·         Personal loans

·         Credit cards

·         Others

-          Dealer funding loans

-          Loan against shares and others