Unhappy with your bank’s crippled net banking facility? How many times have you have wished that you had a fully featured Internet banking service which has all the features which would help you transact on the Internet smartly. want to change to another bank’s net banking service but don’t want ditch your old savings account.
ICICI bank has product which they call “b2 Branch Banking“.It is a fully online direct banking service in which everything is done online, zero transaction charges on the savings account, no cheque book, no branch access, savings account with quantum optima facility. It is too simple, easy and saves your time
- What a b2 account offers:
- Zero Balance and Zero Transaction Charges – There are no charges on transaction done in b2 savings account. Also, unlike regular savings account you don’t have maintain a minimum amount in your account.
- Virtual Credit Card(VCC) - It enables to transact online with a credit limit of your choices. This card has limited balance which user specifies while generating so even if it fails in wrong hands you stand no risk.
- No Penalty for premature withdrawal of FDs – you can make a premature withdrawal(breaking it before its full term) in your b2 saving account without having to incur the 1% penalty applicable on regular FDs.
- E-wallet – An e-wallet gives you the conform of using a debit card online without having to expose your entire savings account for online transactions.
- Greater Acceptability - ICICI payment gateway is supported by most e-commerce Website. where as name of your good old bank may not appear while you are shopping on your favorite Website .
- Online Prepaid Mobile Recharge – you can recharge your mobile right from your b2 account itself and money would be automatically debited from your account. not a big feature but still useful. maybe you can use to refill when your talktime runs out in middle of night while talking to your girlfriend.
- Absolutely No Making Charges on Demand Draft
- No Charges on NEFT
- SMS Alerts
Now, we know that B2 savings account is not a regular savings account. then obviously we must not be getting facilities of normal savings account. below is the difference between normal saving account & b2 savings account
- What a b2 account does not offer:
- No branches, no cheque books – You will not have access to any ICICI Bank branches. For instance, you won’t be able to withdraw cash from a branch. since, you can move money online in easy ways, there will be no cheque book with account.
- No debit card, no ATM access – Since this is a truly online account – you can move money from your b2 account to your other bank(S) very easily as and when you wish – you will not need a debit card or access to an ATM
- No physical statements and passbook – you will not get any passbook or statement. instead you can see them, in your b2 account itself.
To Apply for ICICI b2 account, you have to visit ICICI B2 Page and click on Apply Here. A simple online Application form has to be filled with all your details. After filling up the form an ICICI bank executive would come to you for collecting required documents.
One problem you might face is in step-3 that name of your employer might not be on the list. no problem, simply click on “O” and select “Others”. if you are unemployed like you are still studying then simply write “NOT APPLICABLE”.
- How to move money into your b2 account: there are many ways of doing that but the best one is dropping a cheque into any ICICI bank ATM’s Dropbox. just write your name and b2 account no in pay field and the amount would be debited to your account in 5 days.
- How to move money out of b2 account: Again, there are many ways. the best is to transfer money into some other account by NEFT.
This service is useful for people you do lot of electronic transactions on regular basis.b2 can exist in perfect harmony with your regular savings account. use b2 for electronic transactions and your regular account for other offline transactions.
It is a real Internet banking facility which is absolutely free to use. I wonder how ICICI plans to earn from this service. I have been using this service from past 2months and I am very happy with it. I would certainly suggest you to sign up for it.
Links: ICICI b2 Home Page | Apply for ICICI b2 | ICICI b2 in the news
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But its not available in all cities.
Yeah, Available in Selected Cities only!
That the only drawback, this service has.
apart from this,
Its a Full features Internet Banking which is free to use
Hey dude this is a very nice information and useful too, never heard of it and was not aware of it too.
I will apply for it for sure.
Great blog you have…Keep updating.
I’, keeping an eye on here
Good product. Except: There should have been a ATM only (not debit card) so that one could withdraw cash easily.
That’s the point DJ!
One should always have a bank account without ATM card as it improves habit of saving money.
with easy access to ATMs, there would hardly any cash left in your account.
[...] Originally Posted by kuduku i dont have a b2 account should i open it , read somewhere that its a zero balance account ( cant open it not available in my city ) E wallet ??? is this the mobile banking thanks b2 is a Zero Balance account and E-wallet is provided with ICICI b2. ICICI b2 [...]
[...] E-wallet service is a Part of ICICI b2 saving account. For getting E-wallet service you have to Apply for a B2 account. To know more about ICICI branch free banking service visit b2 – Homepage. You can also more about it on my blog. [...]
Hey DJ,
Generally we use ATM card for cash withdrawl and payment during shopping. Well said by Gaurish that without ATM we save money, the use as debit card is fullfilled by e-wallet. Where you can fill in money in your e-wallet and use it for online shopping.
Hai Sir, Excellent news. This service is very use full those who are earning from worldwide Paid to click sites.Almost all sites asks verified paypal account before they paying.So many Indian members are hunting for verified paypal account.So now problem is solved with icici-b2-banking-true-internet-banking> e-wallet service. You may see very good earning sites on my blog- http://instantcashpayingsites.blogspot.com/ and may starts earning today onwords.
Hi,
I am using this service for about an year.
Its usefull but have some drawbacks.
You can transfer money to ewallet and make online payments (on sites which supports only credit cards)
Some sites dont support this ewallet and refuse to identify as a credit card.
Now, for example, i trasferred 50,000 to ewallet to make a payment and the site refuses to accept this as a credit card (happened to me once on TATA AIG site). now, u cannot transfer it back to your savings account. It will stay there as the credit card balance. If you want to try payment using your net banking account, you need to arrange cash or call customer support.
well you can always request customer care send you a dd of the said amt you.
No charges
Dear Sir,
Even thoughn B2 ICICI Bank is very helpful, but it has also some disadvantages which I have experienced, I have an B2 account and reguraly trancact online, the problem is when I transfer the amount the amount is deducted from my account but error payment not received is the message comes from the payment gateway, it has happened several times, please let me know what is the problem.
thanking you,
padmanabhan
Yes, You are right. same thing happens with me.
Hence its better to use E-wallet instead of direct debit from account.
There are no such errors with E-wallet
Hi,
Can I use EMI facility of eBay.in using this b2 account credit card?
Thanks.
Sorry, forget to tick “Followup” option, hence posted again..
The information you provided is a piece of cake
an overall grasp of the service was thrown very friendly to seek from this article.
i wonder even the bank doesnt have this much friendly info except for the video overview.
nice info dude appreciate you.
keep posting such info and we will follow all the time.
can we use this account on site like ebay for net banking like hdfc
eg: while checkout we click on hdfc and than it redirected to account for money transfer
is it same in this
Arvin – Yes Ewallet works with Ebay. I have tried it on many occasions
But we cant use the same for EMI option available on ebay.in… ;(
Also, can any1 let me know is there View Statement option working nicely? Because, I’m facing problem while looking past statement. I can see current month statement on screen but while clicking past statement or by selecting dates, it doesn’t work. Browser keeps showing in process but it ain’t give the final output.
If any1 is able to see let me know which browser you use, however, I have tried all browsers.
Dear sir,
i am a student of final year engg. i want to open a b2 account. but while filling the online application, the site is asking me for my employer information which i don’t have one.
is this b2 account only for working people? or is there any other way?
i really want this……pl help….!!!
regards,
Tejas.
Can anyone please tell me what we can shop with icici “ewallet” on ebay.com
or othere online site
i failde on ebay.com
plz….tell me its work in india or not to verify paypal a/c
hi ,
i am student of engg. so i can’t have information about company address so how to fill those thing in b2 application form ?
thanks.
how to get user id ???
Hello Vikas,
I am also searching user id of this account, can you’ll please guide me where is available user id, password is received by courier.
Thanks and regards,
Santosh
Hello ICICI Bank,
I am searching user id of this account, can you’ll please guide me where is available user id, password is received by courier.
Thanks and regards,
Santosh
Hi, At the time of creating the account you must have specified userid,otherwise if you have your account number, you can retrieve your userid and password from bank, though few nodal branches support, consult any nearby icicibank to know about nodal branch.
mujhe b2 a/c ka user id or password janana h