ICICI Smart Business Account-Gold

The following are the features and benefits of the Smart Business Account Gold:

1. The Smart Business Account Gold requires the account holder to maintain a monthly average balance of Rs.1 lakh. Non-maintenance of the minimum monthly average balance attracts a charge of Rs.3,000 per month.
2. The monthly average balance is calculated on a daily basis based on the positive balance in the account at the end of the day over a period of one month.
3. Account holders are given the benefit of making free cash deposits equivalent to 12 times the monthly average balance up to the value of Rs.1.8 crore at any bank branch.
4. Individuals who hold the Smart Business Account Gold are eligible to make up to 300 free withdrawal and deposit transactions each month.
5. The bank issues account holders with 300 cheque leaves every month. The cheques received for the first month are provided free of charge.
6. Smart Business Account Gold account holders can avail ICICI Bank's Doorstep Banking facility at discounted rates. Cheques collected within the first month of opening the account are entitled to a waiver on the service charges.
7. ICICI Bank offers its Smart Business Account Gold customers locker facilities and auto loans at discounted rates.
8. Account holders have a Rs.50,000 daily withdrawal limit. When the amount is withdrawn from a non-base location, the account holder will be able to make the withdrawal via self cheque.
9. The bank offers its internet banking, mobile banking, and SMS banking facilities free of charge.

The Smart Business Account Gold, much like the variant on which it is based, adjusts itself to the account holder's business cycle. Additionally, the account gives account holders with the flexibility of linking the free limits of their current account to the minimum average balance maintained by them.

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.