ICICI Bank has announced that its customers can now shop on EMI without using debit-credit cards.
Now cashless transaction in shopping is increasing. Most of the people have started shopping through debit card or credit card instead of making cash purchases. If you see something great in the market that you want to buy, but you do not even have a credit card or debit card in your purse, then now you will not have to worry. In such a situation, know how you can buy goods without card EMI and which bank is providing this special facility.
Right now only this bank is providing the facility
In fact, recently ICICI Bank has announced that its customers can now shop on EMI without using debit-credit cards. The bank has named this facility as ‘ICICI Bank Cardless EMI’.
This is similar to a cardless transaction, in which you do not need a card and you can do any EMI transaction through your phone number. However, for this, purchases can be made only within the specified limit of each card.
For example, suppose the loan limit of someone’s account is 25 thousand rupees, then they can do shopping up to 25 thousand rupees through EMI, for which they will also have to pay interest according to the rules of the bank. It is determined differently according to each card or account.
How much is the benefit of this facility
- Customers will be able to shop from leading retailers without using the card
- Available at No Cost EMI on Major Brands
- Bank does not charge any processing fee for this facility
- This process is completely digital,Contactless and secure
- Customers can get pre-approved limits for purchases up to Rs 10,000 to 10 Lakhs
- Customers can choose the period of their choice from 3 to 15 months
How can I do shopping?
To shop without card EMI, you first go to the e-commerce website and choose your goods. After this, select the cardless EMI option at the time of payment in it.
Now this option has also started appearing on the websites. After that enter mobile number and PAN number. After doing this you will get an OTP and after entering the OTP your transaction will be completed.
Have to choose option
To take advantage of this facility of ICICI Bank, the customer will have to ask the shopkeeper to choose the option of Cardless EMI in any shop or showroom. After this the shopkeeper will give them the benefit of this facility.
