Application ID : CAOD0854898 IP address: 2405:205:c889

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INSTA OVERDRAFT FACILITY (Insta OD)

APPLICATION FORM

1. Introduction :
A. All applicants, which expression shall, as the subject or context may admit or require, mean any or each of the
Applicant/s ("Applicant") - whether individuals or proprietary concerns, who wish to avail of financial assistance
detailed below (the "Facility" ) from ICICI Bank Limited ( "ICICI Bank” ) for any purpose specified below (the
"Purpose") in this Application Form (hereinafter "Application Form" ) are required to fully fill-in and submit this
Application Form (and along with all other necessary details and documents, if any) to ICICI Bank for applying for the
same.

B. ICICI Bank shall be entitled at its sole and absolute discretion to reject/approve any Application Form submitted by
the Applicant.

C. The Applicant's request for the Facility vide this Application Form and the Facility shall be subject to the terms hereof.

D. Application Form along with additional documents (if any), submitted shall be considered by ICICI Bank and if the
same is to the satisfaction of ICICI Bank, ICICI Bank shall disburse the requested Facility to the current account of
the Applicant(s).

E. As per RBI guidelines, Corporate Debit Card issued for the current account will be hotlisted upon successful limit
setup of the CAOD facility.

F. Revised Schedule of Charges (SOC) as applicable for Facility, will be downloaded along with this Application Form
for your perusal and will be effective after limits have been setup in the current account of the Applicant.

2. Details of Applicant (Sole Proprietorship Firm):

CAOD Application Number CAOD0854898

Entity Details

Name of the Entity LUCKY ELECTRICALS

Date on which the Entity was established 26-07-2017

ICICI Bank Current Account Number 170305019400

Constitution Sole Proprietorship

Proprietor Details

Name DINESHBHAI NAROTTAMBHAI BHINDI

Date of Birth 01-06-1963 Nationality INDIAN

Category General Gender M

E-mail Address HHARDIK44@GMAIL.COM

Mobile Number 9426844308 S e c o n d a r y M o b i l e +91()9426844308

Number

PAN ABTPB9629G Aadhaar

Residential Address

Address Line 1 LUCKY,ELECTRICALS NEAR BUS,STAND,

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Address Line 2 HIGHWAY ROAD,SURAJKARADI, DEVBHOOMI DWARKA GUJARAT

State GUJARAT City OKHAMANDAL

Pincode 361347 Landline Number -

Operating Address

Address Line 1 LUCKY,ELECTRICALS NEAR BUS,STAND,

Address Line 2 HIGHWAY ROAD,SURAJKARADI, DEVBHOOMI DWARKA GUJARAT

State GUJARAT City OKHAMANDAL

Pincode 361347 Landline Number -

3. Facility details :
Nature of Facility Rupee Overdraft facility

Facility amount Not exceeding Rs. 1500000 In words Rupees Fifteen Lakh

Purpose For working capital requirement

Validity Period 12 months from the date of limit set up. Limits are subject to terms and conditions
applicable to the Facility and will be available for utilization for 12 months. Unless
otherwise agreed by ICICI Bank in writing, the Facility shall be repayable on
demand.

Applicable Rate of interest 16.0 % per annum

The fixed rate of interest per annum shall be as stipulated by ICICI Bank and shall
be charged on the amount of the loan remaining outstanding each day

Interest Rate payment Monthly

frequency

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 Additional Interest Rates
Name of default(as Reckoning of default interest Default interest
applicable) rate(p.a.) payable
monthly

Irregular due to 1. Excess drawings ýover drawing 1% over the

drawings beyond power but within sanctioned limit. Documented Rate
d r a w i n g 2. Excess drawings over sanctioned
power/Limit limit.
3. Non-renewal of limits.
Default interest would be charged
from the next day of excess
drawings/date of expiry till such time
the outstanding is brought within
drawing power / sanctioned limit as
applicable/ limits are renewed.

Payment default Default interest would be charged NA

(in case of foreign from next day of due date till such
currency loans, time the default amount is paid.
the foreign
currency amount
will be converted
into equivalent
rupee and default
interest as
mentioned herein
will be charged)

* The rate shall be over and above the interest rate on the Facility.

Processing fees Rs. 30000.0 In words Rupees Thirty Thousand Only

(Plus applicable tax or any other The processing fee is one time non-refundable fee and is collected by ICICI Bank
statutory levies, if any) for the purpose of appraising for the application for the facility and the same is
independent of the outcome/result of such appraisal

Renewal fees 2 % of the Facility amount

(Plus applicable tax or any other
The renewal fee is non-refundable fee and shall be payable annually at the time of
statutory levies, if any)
each renewal.

Prepayment / Foreclosure Nil

charges

Commitment charges Nil

Disbursement Mechanism Limit setup in ICICI Bank current a/c no. 170305019400

Repayment The Facility shall be repayable on demand on the request of ICICI Bank at any
time during the tenor of the facility.

4. Declarations :
A. I, the undersigned, declare that I am the sole proprietor carrying on business in the name and style of the
DINESHBHAI NAROTTAMBHAI BHINDI and I am solely responsible for the conduct of the affairs of the firm.

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B. I declare that all the particulars and information and details given/filled in this Application Form and documents
submitted are true, correct, complete and up-to date in all respects and that I have not withheld any information
whatsoever. I shall furnish such additional writings, documents as may be required in connection with the financial
assistance/s required by me/us. I/We understand that certain particulars given by us are required in view of the
guidelines governing banking companies.

C. I confirm that the Facility should be set up in the current account number as mentioned above for business purposes
and operational convenience.

D. I confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies whatsoever or for
attachment of my/our assets or properties and/or any criminal proceedings have been initiated and/or are pending
against me and that I have never been adjudicated insolvent by any court or other authority.

E. No director or a relative/near relation(as specified by RBI) of a director of a banking company (including ICICI Bank)
or a relative/near relation(as specified by RBI) of a senior officer of ICICI Bank (as specified by RBI) is: the
Applicant(s),or a partner of our concern, or a trustee, member, director, employee of our concern, or of our
subsidiary, or our holding company, or a guarantor on my behalf, or holds substantial interest in our concern or my
subsidiary or holding company.

F. No action nor other steps have been taken or legal proceedings started by or against me in any court of law / other
authorities for winding up, dissolution, administration or re-organization or the appointment of a liquidator (including a
provisional liquidator) receiver, administrator, administrative receiver, trustee or similar officer or for my assets.

G. I authorize ICICI Bank and all its group companies and their agents to exchange, share or part with all the information
and details relating to my existing loans / financial assistances and/or repayment history to other ICICI Bank group
companies, banks, financial institutions, credit bureaus, agencies, statutory bodies, etc. as may be required or they
may deem fit and shall not hold ICICI Bank (or any of its group companies or its/their agents/representatives) liable
for use/sharing of this information.

H. I/we agree that ICICI Bank Ltd/its Group companies reserves the right to retain the photographs and documents
submitted with photo-card application and will not return to the Applicant.

I. The Applicant has/have no objection to ICICI Bank, its group companies, agents / representatives to provide me/us
information on various products, offers and services provided by ICICI Bank / its group companies through any mode
(including without limitation through telephone calls / SMEs/email) and authorize ICICI Bank, its group companies,
agents / representatives for the above purpose.

J. The Applicant: (i) accepts that the RBI or credit bureau and any other agency so authorized, any statutory, regulatory
or supervisory authority, may use, process, disseminate the said information and data disclosed by ICICI Bank in
such manner as deemed fit by them in any particular circumstances; and (ii) shall not hold ICICI Bank at all
responsible or liable in this regard.

K. I understand and acknowledge that ICICI Bank shall have the absolute discretion, without assigning any reasons
(unless required by applicable law), to reject me application that ICICI Bank shall not be responsible/liable in any
manner whatsoever to me for such rejection or any delay in notifying me of such rejection and any costs, losses,
damages or expenses, or other consequences, caused by reason of such rejection, or any delay in notifying me of
such rejection, of my application.

L. I undertake to inform ICICI Bank regarding any changes whatsoever in my addresses, as specified herein above or
employment/profession and to promptly provide such further information that ICICI Bank for its designated group
companies or agents or representatives may require.

M. I also authorize ICICI Bank to check references about me from any bank/persons.

N. I hereby further confirm that, none of the directors of the borrowing entity are also directors of subsidiaries of ICICI
Bank or of scheduled co-operative banks or the trustees of mutual funds/venture capital funds.

O. I declare that: I/we am/are competent and fully authorised to issue such declaration, confirmations, agreements and
undertaking and submit this Application Form accept the terms and conditions applicable to the Facility (electronically
or physically) for the purposes of borrowing/availing of the requested facility, and to execute all other documents
required by ICICI Bank for such purpose; (ii) all such letter(s) of authorities / power(s) of attorney, if any, executed by
me in favour of any person/s and which is/are submitted to ICICI Bank, is/are valid, subsisting and has/have not been
revoke by me.

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P. I acknowledge and agree that the grant of the Facility by ICICI Bank to me shall be subject to compliance by me of
the applicable terms and conditions set out under this Application Form, Annexures and as detailed and available on
https://www.icicibank.com/terms-condition/terms-and-conditions.page (collectively, the 'Terms and Conditions');
All the terms and conditions set out therein shall govern and apply to the Facility and all my obligations (as well as
ICICI Bank's rights and remedies) in relation thereto, if the Facility applied for by me herein is sanctioned and granted
by ICICI Bank based on my application.
I agree and accept all the terms and conditions as stated in this document.

For LUCKY ELECTRICALS

Signature : LUCKY ELECTRICALS
Name of Authorized Signatory: DINESHBHAI NAROTTAMBHAI BHINDI
Date: 11/03/2022 at 17:41:57

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 ANNEXURE – I
ICICI BANK DIRECT DEBIT MANDATE FORM

Application ID : CAOD0854898 IP address: 2405:205:c889

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11/03/2022 at 17:41:57
Date: 11/03/2022

From
Applicant Name :DINESHBHAI NAROTTAMBHAI BHINDI
Address :LUCKY,ELECTRICALS NEAR BUS,STAND,, HIGHWAY ROAD,SURAJKARADI, DEVBHOOMI DWARKA
GUJARAT, OKHAMANDAL, GUJARAT, 361347

To
ICICI Bank Limited,
BKC Branch, Mumbai.

Ref: Account No.:170305019400

Dear Sir,

I/We wish to avail an Overdraft facility ("Facility") from ICICI Bank Limited ("ICICI Bank") pursuant to the CAOD
Application Form No. CAOD0854898 dated 11/03/2022 (the "Application Form") submitted to ICICI Bank on
https://clos.icicibank.com/CAOOD/Apply.jsp upon the terms and conditions specified therein. Upon acceptance of
Application Form, I/We hereby authorize ICICI Bank to debit the above mentioned account for repayment of the Facility
and servicing the interest (at the applicable rate) with relation to the Facility.
The debit mandate shall be operative until due payment and receipt by you of all amounts due payable to you in terms of
the Terms and Conditions specified in the Application Form, in full.
I, the undersigned, declare that I am the sole proprietor carrying on business in the name and style of the authorityname
and I am solely responsible for the conduct of the affairs of the firm.

For LUCKY ELECTRICALS

Signature : LUCKY ELECTRICALS
Name of Authorized Signatory: DINESHBHAI NAROTTAMBHAI BHINDI
Date: 11/03/2022 at 17:41:57

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 ANNEXURE – C
SOLE PROPRIETORSHIP LETTER

I, the undersigned, declare that I am the sole proprietor carrying on business in the name and style of the captioned firm
and I am solely responsible for the conduct of the affairs of the firm.
Until receipt of written notice to the contrary, I authorize you to debit my account with all cheques purporting to have been
drawn thereon provided they have been signed by me.
I hold myself responsible for all such instructions and I agree to comply with and be bound by ICICI Bank’s rules for the
time being in force for the conduct and operation of such account. I also confirm that I am responsible for all transactions
entered into and obligations incurred with you whether under the name of the firm or in my individual name in conjunction
with others till I otherwise inform you in writing.
I propose to avail of the financial, monetary and any other products and services offered by ICICI Bank through its
website www.icicibank.com (hereinafter “the Website”) and/or Corporate Care Services (phone banking channels and E
mail).
I accept the terms and conditions contained in the application form and as displayed on www.icicibank.com regarding the
provision of products and services offered by ICICI Bank and agree to such changes and modifications in the said terms
and conditions as may be suggested by ICICI Bank from time to time.
I may apply to ICICI Bank for the working capital facility for purposes of the transactions to be made by the sole
proprietorship with respect to the Account, and to singly/severally operate the Account;
And do all such acts, deeds and things necessary, and to execute all such documents as are necessary, in connection
therewith, and to operate the said proposed account in the name of the firm, using the foresaid facilities, and to accept
and adhere to all the terms and conditions as are necessary and comply with all other formalities as prescribed by ICICI
Bank in this regard.
I agree to execute such deeds, documents and other writings as may be necessary or required for the purpose of availing
the facilities and to execute all such documents as are necessary, in connection therewith, and to accept and adhere to
all the terms and conditions as are necessary and comply with all other formalities as prescribed by ICICI Bank in this
regard.
I further undertake that I shall advise you in writing of any change that may take place in the constitution of the firm
resulting from my taking a partner in my business, its sale or disposal or my ceasing to have any interest in the firm, in
any of which event I will be liable to you on any and all obligations and receipt by you of such notice and until all such
obligations and liabilities shall have been liquidated or discharged.

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 STANDARD TERMS AND CONDITIONS – CURRENT ACCOUNT UNSECURED OVERDRAFT (INSTA OD)
(“Terms & Conditions”)
I. DEFINITIONS
(a) “Borrower” shall mean the Applicant to whom the Facility has
been granted by ICICI Bank Limited (‘ICICI Bank”) and shall
include his/her legal heirs, legal representatives, executors,
administrators and permitted assigns.
(b) “Current Account” shall mean the current account maintained
by the Borrower with ICICI Bank.
(c) “Facility” means the amount of loan provided or agreed to be
provided by ICICI Bank to the Borrower, not exceeding in the
aggregate, the amount specified under Facility Details in
Application Form.
(d) “Transaction Documents” include the Application Form,
Terms & Conditions, Debit Mandate and all writings, letters and
other documents executed or entered into, or to be executed
or entered into, by the Borrower or any other persons(as the
case may be), in relation, or pertaining, to the Facility and each
such Transaction Documents as amended from time to time.
II. GRANT AND UTILIZATION OF THE FACILITY
(a) The Facility amount sanctioned to the Borrower shall be in the
aggregate not exceeding amounts specified under Facility
Details in the Application Form. Notwithstanding anything
contained herein or any other Transaction Documents, the
Facility is available at ICICI Bank’s sole discretion and repayable
on demand. The Facility may, without prior notice, be
modified, reduced or cancelled, in whole or in part, at ICICI
Bank’s sole discretion, whereupon all outstanding amounts
owing under the Facility shall become immediately due and
payable, forthwith on demand.
(b) The Borrower authorizes ICICI Bank to conduct credit bureau
check for appraisal of Facility and disbursement of the Facility
on the terms and conditions as stated under this document
is subject to satisfactory credit assessment of the Borrower,
solely at ICICI Bank’s discretion.
(c) Upon sole discretion of ICICI Bank the Facility shall be
disbursed in to the Current Account of the Borrower. The
amounts up to which the Borrower can draw under this
Facility shall not at any time exceed the Facility amount. All
outstanding amounts of interests, commission, discount,
charges and other monies in respect of the Facility whether
debited to the Current Account, or not, shall also be included
in determining the availability of the Facility. Drawing power
in connection with the Facility, means the extent to which the
Borrower may make drawls from time to time under the
Facility, as determined by ICICI Bank.
(d) In addition to any other terms, the disbursement of the
Facility is contingent upon (a) positive credit bureau report of
the Borrower and / or any of its members; (b) the Borrower
has not been declared as a wilful defaulter or non-
cooperative; (c) the Borrower’s account has not been
classified and reported to RBI as Special Mention Account 1
or 2.
(e) The Facility shall be utilized solely for the purpose for which
it is sanctioned and not for speculation, illegal activities,
investment in capital market/ real estate, purchase of gold in
any form (including primary gold, gold bullion, gold ETF,
jewellery, etc.), litigation or any other nefarious activities. If,
in the opinion of ICICI Bank (which opinion shall be binding
and conclusive against the Borrower), the Facility is not
used/being used for the purpose, ICICI Bank may restrict the
Borrower from making any further drawals of the Facility.
(f) The Facility is subject to review at any time or a periodic
review at ICICI Bank’s discretion.
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(g) The Borrower further authorizes ICICI Bank to ask, demand,
sue for, recover or receive, of and from all and every person
all sums of money, debts, dues, effects and things which
shall or may become due or owing or payable to or
recoverable by ICICI Bank.
(h) The Facility can only be utilized/drawdown when:
(i) ICICI Bank has received and is satisfied that the
documents which ICICI Bank may require from you and
the same have been duly completed and executed by you
and are validly authorised;
(ii) all of ICICI Bank’s mandatory requirements have been
duly completed to their satisfaction; and
(iii) All Reserve Bank of India (“RBI”) /other regulatory
guidelines (whatever/if any, applicable for the Facility)
have been complied with by you.
(i) The Facility may be renewed upon expiry of validity period
with prior intimation to the Borrower. Upon such renewal, a
non-refundable renewal fees shall be debited from the
Current Account maintained with ICICI Bank.
III. INTEREST, COMMISSION PROCESSING FEE
(a) The Borrower shall pay interest, charges, processing fee,
commissions on the Facility at the rate as set out in the
Application Form. The interest payable shall be subject to
changes based on guidelines/directive issued by RBI to banks
from time to time and the consequent changes made by ICICI
Bank.
(b) In cases where the interest is charged at a concessional rate on
the Facility such rate shall be subject to change based on
guidelines/directive issued by RBI/Government or any other
authority.
(c) In the event the Borrower utilizes the Facility by drawing down
moneys in excess of the limit, the Borrower shall be liable to
immediately repay to ICICI Bank the amounts so drawn or
utilized in excess of the limit, failing which the Borrower shall,
in addition to interest as aforesaid, be liable to pay additional
interest on the entire amounts outstanding at the rate
prescribed in Annexure - A, over and above the applicable rate
of interest (“Additional Interest”).
(d) Upon occurrence of an Event of Default (including non-
submission of documents, if any), the Borrower shall be liable
to pay Additional Interest, over and above the rate of interest
applicable to the Facility as mentioned above. A notice to the
Borrower for the levy of the Additional Interest by ICICI Bank
and service of any such notice is waived. The Additional
Interest shall accrue from the date of default up to the date of
actual payment. This is without prejudice to ICICI Bank's other
rights and remedies available under this Application Form or
the terms of any other document applicable to the Facility.
IV. REPAYMENT, PAYMENT OF INTEREST, RENEWAL FEES
AND OTHER CHARGES
(i) The Borrower shall pay/repay to ICICI Bank amounts due under
the Facility without any deductions, for or on account of any
taxes whatsoever, in the manner, at the rates and on respective
due dates as specified in Transaction Documents.
(ii) Unless otherwise agreed by ICICI Bank in writing, the Facility
and all outstanding thereunder, together with all charges
payable in respect thereof, shall be repaid by the Borrower to
ICICI Bank on the respective due dates of the Facility. All
Borrower’s dues shall, if not paid on the respective due dates,
carry Additional Interest.
(iii) The Borrower shall pay all costs, charges and expenses in any
way incurred by ICICI Bank and shall bear all stamp duty, other
 duties, taxes, charges and penalties, including any differential/
additional duties and taxes which may be required pursuant to
the provisions of the applicable laws from time to time. ICICI
Bank reserves the right to debit the Borrower’s Current
Account towards such costs, charges, expenses, duties, taxes,
penalties or any other charges pursuant to the Facility.
(iv) Unless the Facility is renewed upon expiry of validity period the
all outstanding amounts under the Facility shall be due and
payable on the date of expiry of the Facility.
(v) The Borrower shall pay a non-refundable processing fee,
renewal fees equivalent to the percentage of the Facility
amount/ the amount as specified in the Application Form
(exclusive of GST, service tax and net of all taxes and duties
that may be payable). ICICI Bank reserves the right to debit the
Borrower’s Current Account for payment of such applicable
processing fees and renewal fees as specified in the
Transaction Documents.
(vi) The Borrower's liability to pay the outstanding dues to ICICI
Bank, shall not, in any manner, be affected, or discharged by
the death, insolvency, change in constitution, legal incapacity
or otherwise of the Borrower.
(vii) The Borrower shall bear and pay all expenses, costs,
charges, duties and taxes {of any description whatsoever
including Goods and Services tax, interest tax, sales tax, Value
added tax (VAT)} as may be levied from time to time by the
Government or other authority or incurred by ICICI Bank in
connection with the Facility. If any such payment is made by
ICICI Bank, the Borrower shall reimburse ICICI Bank such sums
with applicable interest fee as directed by ICICI Bank, and clear
of all present and future taxes, levies, withholdings or any
deductions, (unless required by law), such reimbursements
shall be made by debiting the Current Account.
V. REPRESENTATIONS AND WARRANTIES
The Borrower represents and warrants to ICICI Bank that:-
(a) all corporate and other actions on the part of the Borrower,
necessary for the due authorization, execution, delivery and
acceptance of Transaction Documents, and performance of
the obligations thereunder, and the documents to be executed
in pursuance hereof, has/have been duly taken and adopted
and is/are in full force and effect.
(b) The Borrower has obtained all permissions, approvals,
consents or sanctions, if any required, of the government or
any government or statutory body, agency or authority for
availing of the Facility and will at all times till the amounts due
to ICICI Bank are paid in full and the Facility is fully repaid, keep
all such permissions, approvals, consents or sanctions, valid
and subsisting.
(c) The Borrower shall comply with all applicable laws and the
terms and conditions of the Transaction Documents and
agrees that all transactions affected through internet, call
centres or by such other electronic means shall constitute
legally binding and valid transactions.
(d) No facts, circumstances or events, materially detrimental to the
borrowing, the ability of the Borrower to meet its obligations
hereunder and/or in respect of the Facility, and/or the financial
condition of the Borrower, and/or the ability of ICICI Bank to
exercise its and/or to receive due repayment and payment of
the amounts due by the Borrower under the Facility, has
occurred or, in the estimation of the Borrower, is likely to occur.
(e) The Borrower further acknowledges and confirms that the
information (including documents) provided to ICICI Bank in
connection with the Facility does not contain any untrue
statement of a material fact, nor does it omit to state a material
fact necessary in order to make the statements contained
therein not misleading in light of the circumstances under
which such statements were or are made.
(f) The Borrower has complied in all material respects with all
taxation laws and paid all taxes and statutory dues due and
payable by it.
(g) The Borrower shall keep and maintain, all statutory books,
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books of accounts, bank statements and other records
showing the operations and financial conditions of the
Borrower and such records shall be open to examination by
ICICI Bank and / or its authorized representatives.
(h) Except to the extent disclosed to ICICI Bank, no litigation,
arbitration, administrative or other proceedings are pending
against the Borrower or its asset, which, if adversely
determined, might have a material adverse effect.
(i) The Borrower/Proprietor has not been declared to be a willful
defaulter.
(j) The entry into, delivery and performance by the Borrower of,
and the transactions contemplated by the Transaction
Documents do not and will not conflict (i) with any law; (ii) with
the constitutional documents, if any, of the Borrower; or (iii)
with any document which is binding upon the Borrower or on
any of its assets.
(k) Borrower shall not avail finance from any other bank/entity for
working capital purpose without prior written approval of ICICI
Bank. The Borrower shall have exclusive banking relation with
ICICI Bank and shall initiate relationships with other banks after
seeking consent of ICICI Bank by providing a fortnight prior
notice (only for Sole Banking Borrowers).
(l) Any interest payment on unsecured loans provided by an
entity shall be subservient to the interest payment to ICICI
Bank.
(m) The Facility amount as provided by ICICI Bank shall not be
diverted to any sister concerns and associate concerns, if any.
(n) Each of the representations, warranties, covenants,
declarations set out herein are true, correct, valid and
subsisting in every respect and shall survive till the full
payment of dues under the Facility, to the satisfaction of ICICI
Bank.
(o) ICICI Bank reserves the unconditional right to cancel the
amounts/limits advanced/ to be advanced under the
Transaction Documents (either fully or partially) without giving
any prior notice to the Borrower, on the occurrence of any one
of the following:
(i) In case the limits/part of limits are not utilized by the
Borrower; or
(ii) In case of deterioration in creditworthiness in any manner
whatsoever; or
(iii) In case of non-compliance of terms and conditions of the
Transaction Documents.
VI. POSITIVE COVENANTS
(a) The Borrower covenants and undertakes that, so long as the
Facility shall remain outstanding, and until the full and final
payment of all monies owing hereunder and specifically under
the Facility, it will, unless ICICI Bank waives compliance thereof
in writing:
(i) Maintain its existence and all rights and privileges
enjoyed by it and obtain and comply with the terms of
and do all that is necessary to maintain in full force and
effect, all authorizations, approvals, licenses and
consents required to enable it to lawfully carry on its
business and affairs;
(ii) Obtain and comply with the terms of, and do all that is
necessary to maintain in full force and effect, all
authorizations, approvals, licenses and consents
required to enable it to enter into and perform its
obligations under the Transaction Documents and in
respect of the Facility, and to ensure the legality, validity,
enforceability and admissibility in evidence thereof;
(iii) Promptly inform ICICI Bank of any material litigation,
arbitration or other proceedings which affect the
Borrower or affect its ability to perform its obligations
under this document and/or in respect of the Facility;
(iv) Pay regularly all taxes, assessments, dues, duties, levies
and impositions as may, from time to time, be payable to
any government or statutory or regulatory body or
authority;
 (v) Maintain insurances on and in relation to its business and
assets and properties with an insurance company /
companies against such risks and to such extent as is
usual and appropriately prudent for companies carrying
on the business such as that carried on by the Borrower.
VII. NEGATIVE COVENANTS
(a) The Borrower covenants and agrees that so long as the
Facility or any part thereof is outstanding, and until full and
final payment of all monies owing hereunder, it shall not,
without the prior written consent of ICICI Bank having been
obtained:
(i) Create or permit to subsist any encumbrance, mortgage
or charge over all or any of the present or future
properties, assets or revenues of the Borrower other than
the already existing charges in favour of other financial
institutions and banks which shall have been disclosed in
writing to ICICI Bank;
(ii) Create, contract, incur or assure any further
indebtedness or assume any guarantees;
(iii) Effect any merger, amalgamation, reconstruction,
consolidation or such actions; and
(iv) Sell, transfer or otherwise dispose of any of its properties
or assets or undertakings except in the ordinary course
of business.
(b) The Borrower is not or will not be entitled to and will not
claim immunity for itself from suit, execution or any other
legal process in any proceedings in relation of the
Application Form.
VIII. EVENTS OF DEFAULT
(a) The occurrence of any of the following events, including
non-submission of requisite documents, or events similar
thereto, shall each constitute an “Event of Default”.
(i) If the Borrower fails to pay any sum, whether for principal
or interest or otherwise due from it under the Transaction
Documents and/or the Facility, at and/or within the time
stipulated therefore and in the manner specified
therefore.
(ii) The breach of, or omission to observe, or default by the
Borrower in observing any of its, obligations or
undertakings under the Transaction Documents and/or in
respect of the Facility.
(iii) Any representation or warranty or assurance or covenant
on the part of the Borrower made or deemed to be made
or repeated in or pursuant to the Transaction Documents
or in any notice, certificate or statement or other writing
referred to herein or delivered in relation to the Facility is
or proves to be incorrect or misleading in any material
respect
(iv) Any default by the Borrower, under any other agreement
or other writing between the Borrower and ICICI Bank, or
under any other agreement or writing of indebtedness of
the Borrower, or in the performance of any covenant,
term or undertaking thereunder, or any indebtedness of
the Borrower not being paid when due or any creditor of
the Borrower becoming entitled to declare any
indebtedness due and payable prior to the date on which
it would otherwise have become due or any guarantee or
indemnity or collateral given or other support agreement
entered into by the Borrower not being honored when
due and called upon.
(v) Any execution or distress is levied against or an
encumbrance or other officer takes possession of the
whole or any part of the property, undertaking or assets
of the Borrower or any encumbrance over the whole or
any part of the property, undertaking or assets of the
Borrower becomes enforceable;
(vi) Any action or proceedings are started or other steps
including filing of any application or petition is taken (i)
under any law related to insolvency or bankruptcy
10
resolution of the Borrower, (ii) the winding-up or
dissolution of the Borrower or (iii) the appointment of a
liquidator (including a provisional liquidator),
administrator, trustee or receiver or similar officer or
institution of the Borrower or the whole or any part of its
undertaking, assets and properties;
(vii) There occurs any event or situation, which in the sole
opinion of ICICI Bank, is likely to affect the businesses,
operations or financial condition of the Borrower and/or
its ability to perform all or any of its obligations under the
Transaction Document and/or otherwise in respect of the
Facility;
(b) The Borrower shall promptly notify ICICI Bank in writing upon
becoming aware of any Event of Default and the steps, if any,
being taken to remedy it. The decision of ICICI Bank as to
whether or not an Event of Default has occurred shall be final
and binding upon the Borrower.
(c) On or at any time after the happening of an Event of Default,
ICICI Bank may (without prejudice to the other rights and
remedies available to it under the Transaction Documents or
under law) by notice in writing to the Borrower declare that:
(i) The Facility and all interest accrued and all costs,
charges, expenses and other sums outstanding under
this document and the Facility are immediately due and
payable to ICICI Bank, whereupon the same shall become
due and payable by the Borrower forthwith in accordance
with the terms of the notice without any further notice of
default, presentment or demand for payment, protest or
notice of non-payment or dishonor or other notice or
demand of any kind or nature whatsoever; and
(ii) Exercise any right, power or remedy permitted to it by
law, including by suit, in equity, or by action at law, or
both, or otherwise, whether for specific performance of
any covenant, condition or term contained in this
document or for an injunction against a violation of any
of the terms and conditions applicable to the Facility, or
in aid of the exercise of any power or right granted in this
document and/or as a creditor.
IX. TAXES
All payments by the Borrower under the Facility shall be
made free and clear of and without any deduction /
withholding, except to the extent that the Borrower is
required by law to make payment subject to any deduction /
withholding of taxes. Provided that, all taxes required by law
to be deducted / withheld by the Borrower from any amounts
paid or payable including but not limited to interest,
commission, discount, service and other charges and any
fees, as per the Transaction Documents, shall be paid by the
Borrower when due and the Borrower shall, within the
statutory time frame prescribed under the law or 30 days of
the payment being made, whichever is earlier, deliver to
ICICI Bank satisfactory evidence that the tax has been duly
remitted to the appropriate authority and tax deduction
certificates delivered to ICICI Bank.
X. INDEMNITY
The Borrower shall, indemnify and keep ICICI Bank
indemnified against any cost, loss, liability or third party
claims (including legal fees and any applicable indirect taxes)
incurred by ICICI Bank arising out of or in connection with
each of the Facility (including any instruments, documents
under the Facility) and /or the Transaction Documents and/or
due to any breach by the Borrower of the Sanctions or any
action taken by ICICI Bank on account of breach of the
Transaction Documents.
XI. SET OFF
Without prejudice to any rights of ICICI Bank, ICICI Bank
shall have a paramount lien and right of set-off against all
 monies of the Borrower standing to the credit of the
Borrower in any account(s) of the Borrower with ICICI Bank
and the Borrower authorizes ICICI Bank to debit the
account(s) of the Borrower with ICICI Bank or to apply any
credit balance to which the Borrower is entitled on any
account of the Borrower with ICICI Bank in satisfaction of
any sum, whether for principal or interest or otherwise due XVI. NOTICE
and payable by the Borrower to ICICI Bank under the
Transaction Documents.
Nothing herein contained shall prejudice or adversely affect
any general or special lien or right to set-off to which ICICI
Bank is or may by law or otherwise be entitled or any rights
or remedies of ICICI Bank including in respect of any present
or future security, guarantee, obligations of the Borrower.
XII. RIGHT OF INSPECTION
The Borrower shall permit ICICI Bank, its officers, employees,
agents, regulators, security trustee to carry out technical,
financial and legal inspections of its premises, units, projects,
assets, accounts and other books and documents maintained
by it or required to be maintained by it under any law, by-
laws or rules as applicable and provide free access at all
reasonable times to its premises, assets and records and
shall provide full cooperation and assistance to ICICI Bank or XVII. MISCELLANEOUS
other persons as aforesaid for the purpose of carrying out
such inspection and render such explanation or elucidation
as may be required by ICICI Bank and/or its nominees(s) and
allow the taking of any copies of or extracts of any
accounts/records.
XIII. ASSIGNMENT
The Borrower shall not assign or transfer all or any of its
rights, benefits or obligations under the transaction
documents without the prior written approval of ICICI Bank.
ICICI Bank may, at any time, assign, securitize, novate or
transfer all or any of its rights, benefits and obligations under
the transaction documents or share the credit risk of the
whole or a part of the Facility with any other person by way
of participation. Notwithstanding any such assignment,
transfer or participation, the Borrower shall, unless otherwise
notified by ICICI Bank, continue to make all payments under
the Transaction Documents to ICICI Bank and all such
payments when made to ICICI Bank shall constitute a full
discharge to the Borrower from all of his liabilities in respect (d) Acknowledgement of Debt: Upon receipt from ICICI Bank
of such payments.
XIV. OFAC
Neither the Borrower nor any other person benefiting in any
capacity in connection with or from any Transaction
Documents and/or any instruments and/or payments
thereunder is a Specially Designated National (SDN) and/or
otherwise sanctioned, under the sanctions promulgated by
the United States (including its Office of Foreign Assets
Control's (“OFAC”)), India, United Nations, European Union,
the jurisdiction of the Facility office and/or any other country
(collectively, the "Sanctions"). The Borrower shall ensure that
the transactions do not violate any Sanctions or any
sanctioned persons or entities are involved in the
transactions. The Borrower agrees that it shall not avail of the
Facility or use the proceeds of the Facility in any transaction
with, or for the purpose of financing the activities of, anyXVIII. GOVERNING LAW AND JURISDICTION
person currently subject to any Sanctions as aforesaid. ICICI
Bank shall have the unconditional right to refuse to process
any transactions that violate/may violate any Sanctions.
XV. HEDGING
The Borrower shall ensure that its foreign currency exposures,
if any, are suitably hedged to the satisfaction of the Bank
(including without limitation, pursuant to a suitably authorised
11
risk management policy as may be required by applicable
law).The Borrower shall provide all information as may be
required by ICICI Bank from time to time in relation to its foreign
currency exposures and hedging details in relation thereto, till
all the monies due and payable under the Facility are paid in full..
ICICI Bank may give notice of any matter under any
Transaction Documents and/or in connection with the
Facility, in writing, by delivering them by hand or by sending
them by post to the last address given by the Borrower or by
way of email on the email address recorded with ICICI Bank
(deemed to be written communication) or on its website or
any other mode as may be deemed fit by ICICI Bank. In
addition, ICICI Bank may also publish notice of general
nature, which is applicable to all Borrowers of similar credit
facility on its website. Such notice will be deemed to have
been served individually to the Borrower and all relevant
persons. All notices / communication to ICICI Bank should be
given in writing and sent by post or delivered to ICICI Bank
Towers, Bandra-Kurla Complex, Mumbai 400 051. Tel : +91-
22-33667777
(a) No delay in exercising or omission to exercise any right,
power or remedy accruing to ICICI Bank upon any default or
otherwise under the Transaction Documents shall impair
any such right, power or remedy or shall be construed to be
a waiver thereof or any acquiescence in such default.
(b) The entries made in the account books or records of ICICI
Bank, maintained in accordance with its usual practice and
in compliance with the statutory requirements, or any
statement signed by a designated officer of ICICI Bank with
respect to the Facility shall be final and binding on the
Borrower and shall be conclusive evidence of the
outstanding obligations of the Borrower towards ICICI Bank
in accordance with the laws of India.
(c) ICICI Bank has the right to disclose all or nay information and
data relating to the Borrower, the Facility, Transaction
Documents and default, if any, to any credit bureau or any
such other agency so authorized to use and/or process the
aforementioned information and date so disclosed in any
manner as they deem fit.
for statements giving details of:
(i) The aggregate debit balance in the account as on the
date(s) stated in such statement(s).
(ii) The further applicable accrued interest from the
aforesaid date(s) mentioned in the aforesaid
statement(s).
(e) ICICI Bank has the absolute discretion to amend or
supplement the Transaction Documents, including making
changes based on guidelines/ directives issued by the RBI,
from time to time and will endeavour to give prior notice by
email or in newspaper or put up the same on the website
(www.icicibank.com), as the case may be, wherever feasible
and such amended terms and conditions will thereupon be
binding on the Borrower.
All Transaction Documents and the Facility shall be governed
by and construed in accordance with the laws of India. Any
suits or legal proceedings arising out of or in relation to the
Facility shall be subject to the competent courts / tribunal of
India.
All terms and conditions mentioned herein are subject to
amendments as may be required to comply with RBI
guidelines / ICICI Bank’s policies from time to time.
 Insta OD SCHEDULE OF CHARGES w.e.f May 1, 2019
Glossary of Terms

MAB Monthly Average Balance (MAB) calculated as average of daily closing positive balances of each day spread over a
period of the month
NMMAB Non-maintenance of Monthly Average Balances
Base Location Base Location refers to the all the Branches belonging to the same clearing zone in which the account is opened

Non-Cash Non Cash Transactions Collections include - Local Cheque collection Non base & Upcountry Cheque Collections. Non
Transactions Cash Transaction Payments include -Demand Drafts, Pay Order & Multicity Cheque payments,
All Cash transactions of Rs 10 Lacs & above on a single day would require prior intimation & approval of the Branch at least one
working day in advance

Variant Platinum

MAB Requirement (Rs.) Nil

NMMAB Charges (Rs.) Nil

Free Limits per month

Variant Platinum

Cash Deposit Base and

5,000,000
non base location (Rs.)

Non Cash Transaction-

Free
Collections (Rs.)
Non Cash Transaction-
Free
Payments (Rs.)
Cheque Leaves per
1,000
month (nos.)
Total Transactions
1,000
(nos.)
Cash Withdrawal Base Unlimited free on Value for self ;
Branch (Rs.) Maximum Rs 50,000 per transaction for 3rd party payment
Cash Withdrawal Non
Rs.50,000 Free per day. Allowed only for self-cheques
Base Branch (Rs.)
RTGS Payment (Rs.)
(applicable only for
Free
Standard,Classic and
Premium)
NEFT payment (Rs.)
(applicable only for
Free
Standard,Classic and
Premium)
Transaction up to 10,000: 3.50 per transaction; 10,001 to 1 lakh: 5 per transaction; 1 lakh to 2 lakh: 15 per
IMPS payment
transaction.

12
 Charges Beyond Free Limits
Service Charges beyond Free Limits Minimum Charge
(Rs.)

Cash Deposit-Base location Rs 3 per Rs 1,000. 50

Rs 3 per Rs 1,000 plus anywhere cash deposit charge of Rs 5

Cash Deposit-Non-Base location
Cash Withdrawal – Non-Base
Non Cash Transaction -Payments
Cheque Leaves
Transaction Charges
Bulk Cash Volume Charges
per Rs 1,000. 100
Rs.2 per 1000 50
Rs.0.50 per 1000 ; Minimum Rs 50 per Transaction & 50
Maximum Rs 500 per Transaction
Rs.2 per leaf
Rs. 50 per cash deposit transaction & Rs 25 for others
Other transaction includes all cash withdrawal & clearing transactions except 1. Payments
/ collections through RTGS & NEFT, 2. Upcountry Cheque Collection 3. Transactions
done through Internet / Phone / Mobile / ATM
Rs 3 per 1000 beyond 5 times free limit on base cash deposit

Free Services

Service Charges
RTGS Collections and NEFT Collections
Local Cheque Collection at base branch, Local Cheque Payments, Fund Transfers
(Transaction charges applicable beyond free transaction limits)0
Product type change to any ICICI Bank Current Account product FREE
Transactions done through Internet / Phone / Mobile Banking / Email & ICICI Bank ATM (except NEFT and
RTGS transactions for Standard and Classic)

Cash Management Services

One time Setup Fee - Rs 7500
FT - Rs Nil
NEFT - Rs 2.5
I-Multipay (Apply from branches) RTGS - Rs 5
Cheque/DD - Rs 5
IMPS - <25000 Rs 3.5
>25000 Rs 7.5

One time Setup Fee - 2000

FT - Nil
I-Multipay (Apply through CIB/I-Bizz)
NEFT - 1
RTGS - 1

One time Setup Fee - Rs 5000

Virtual Account Collection (Apply from branches) Per Trns Re – 1
One time Setup Fee - 2000
Virtual Account Collection (Apply through CIB/I-Bizz)
Per Trns - Re -1

One time Setup Fee - Rs 7500

Multiple invoice Collection (Apply from branches) Transaction charges as per MCC

13
 One time Setup Fee - Rs 2000
Multiple invoice Collection (Apply through CIB/I-Bizz)
Transaction charges as per MCC

Cheque pick up (GBO) Vendor prices on actual

Vendor prices on actual
Cheque pick up (CMS)
Per cheque - Rs 2
Cash pick up (GBO) Vendor prices on actual
Vendor prices on actual
Cash pick up (CMS) Cash processing charges - Rs
1.2/1000
One time Setup Fee - Rs 7500
NACH Mandate registration - Rs 12
Txn charges - Rs 4

PAB (Bulk payment without adding beneficiary) One time setup Fee - Rs 1000

POS Machine Installation

POS Machine charges and Rental - Actual
Transaction charges as per MCC
Single Invoice Collection Transaction charges as per MCC
Host to Host Integration Rs 5000
API Integration Rs 25000

Other Charges

Debit Card Related

Free
Debit Card Charges Per annum
De hotlisting of Debit Card Free
ATM Transactions at other bank ATM (India) Balance Inquiry Rs 8.5
Withdrawal (per transaction) Rs.20
ATM Transactions at other bank ATM (Outside India ) Withdrawal (per transaction) Rs.125
Replacement of lost / stolen debit card, Replacement of PIN Per instance Rs. 200
Other Common Charges
If closed within 14 days Nil
Account Closure Charges: If closed beyond 14 days but within 6 months Rs.1000
If closed beyond 6 months Rs. 500
Mobile Per month Free
Monthly physical Account Statement Per month 25
Account Statement through Fax: Per page Rs 5
(Daily / Weekly / Fortnightly / Monthly) Minimum per month Rs 200
Interest Certificate Per certificate Free
Cheque Return - Issued by customer Rs.750 per instance
(Including Fund Transfers)

Cheque Return - Deposited by Customer Per instance Rs 100

ECS Debit Return Per Instance Rs. 350
Speed Clearing charges Per Instance of value above Rs. 100,000/- Rs. 150

14
Branch Based transactions:
Including Stop Payment, Standing Instruction, DD Per instance Rs.100
Cancellation, DD Duplicate, DD revalidation, Duplicate
Statement, Bankers' Report, Certificate of Balance for
Previous Year, Old Record Retrieval, Signature Verification
Phone Banking transactions:
For transactions available on IVR, if done through Phone
Banking Officer Free

For any services or charges not covered under this brochure, please contact any of our branches or write to
corporatecare@icicibank.com
The service charges are subject to change without any prior intimation to customer. However, the prevailing charges would be hosted
on www.icicibank.com. Charge cycle period shall be from 1st to 31st of the month.
All charges are exclusive of GST as applicable from time to time
For details Terms and Conditions please refer to www.icicibank.com

15