Current Affairs - Banking - Discussion

ICICI Bank has launched instant overdraft ?InstaODi facility for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner. Customers can get overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the bankis Internet and mobile banking app. The new facility will enable a few lakh of pre-qualified current account customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents. ICICI Bank will also offer the facility for instant online sanction of the overdraft facility to MSME customers of other banks shortly.