About Affinity Current Account

The Affinity Current Account ("Affinity Account" or "Affinity") is designed to provide you with easy linkages back home in India from ICICI Singapore.

 

Affinity is available in multiple currencies, with low monthly average balance requirements and with an option of personalised cheque books. The Affinity Account will be a convenient solution for all your money transfer requirements to India.

 

Convenience of multiple banking channels

 

Attractive rates

 

Choice of multiple currencies


Features

  1. Convenience of money transfers through multiple channels:

    Transfer money from ICICI Singapore using any of the following channels to any bank in India with confirmed exchange rates
    • Online: Enjoy attractive rates and Instant money transfers to any ICICI Bank account in India or same day* transfers to a non- ICICI Bank account in India. You can also use FAST money transfer facility to transfer money quickly and conveniently.
    • Call and Remit: Transfer money from the convenience of your home or office by calling us Toll-free at 8001012553 (7 days a week between 0800 and 1800 hours).
    • Branch: Simply walk into any of our branches and place a money transfer request. Our Branches are accessible 7 days a week!
  2. Preferential exchange rates:

    As an Affinity Current Account holder, you enjoy preferential exchange rates** for all your money transfers to India:
    • Additional 5 paise per transaction over the applicable card rates;
    • Additional 10 paise per transaction if your total relationship size (including fixed deposits, current and savings account balance) is more than SGD 25,000 (or equivalent) with ICICI Singapore.
  3. Choice of Multiple Currencies:

    You can open an Affinity Account in SGD, USD, AUD as well as EUR.
  4. Personalised Cheque book: When you open a Singapore Dollars (SGD) Affinity Account, you are eligible to receive a free cheque book which will be mailed to your registered address by us.
  5. Maximise savings by linking a savings account to your Affinity Account Your affinity account help you maximise savings if you link the same to an ICICI Singapore Savings account. Earn interest on your savings and enjoy complete flexibility to move your funds, without any lock-in period. Get easy access to your savings and monthly interest payouts.
  6. India banking -View your Singapore and Non Resident (NR Account) information together. You can now view the details of your Accounts held with ICICI Bank Ltd, India via your ICICI Bank Singapore logged in section. This will make tracking your finances between the Singapore and India more convenient. Click here to know more.

Account Opening

3 Easy steps to open an Affinity Current Account & Savings Account

  • Step 2 - Fill an account opening form ("Account Opening Form" or "AOF") (as prescribed by ICICI Singapore) and furnish us a proof of your identity and residential address. Please carry the original documents for verification at the time of account opening at ICICI Singapore.

    Please note that:

    1. Proof of Identity must be issued by a public authority and include the applicant's name, date of birth, nationality, a signature and a photograph of the bearer E.g. NRIC/EP/DP/PEP and Passport.
    2. Proof of Address must be issued by recognised authorities, banks or utilities and include full address of the applicant. It could be in the form of utility bills, driving license, tax bill, bank statements or others. These proofs are required as per Government Regulations and the Bank may therefore verify the proof of identity and address you would submit.
  • Step 3 - You can open the Affinity Account with a minimum of SGD 100. To fund your Affinity Account, you can give us a cheque drawn on any bank in Singapore, cash deposit, NETS debit card, E- Giro or Demand Draft.

    For your Account Opening Form, you should read the following carefully:


Joint Account

The Affinity Account can be operated as a single account or joint account.

 

Below are features of the Joint Account:

  • The number of joint account holders for an account shall not be more than 4.
  • Joint Account holders have an option of anyone to sign singly or jointly for operating the Account; the same is captured in the account opening form.
  • The account is operated as per signing condition/mode of operation as taken at the time of account opening. These instructions can be financial (funds transfers) as well as operational (address change, servicing of account etc.) in nature.
  • In case of request for closure of a joint account, will be per signing conditions.
  • All account holders are equally responsible for all debt on the joint account.
  • In the event of difficulties like separation/divorce/dispute arising between the joint account holders, any one of the account holders is required to inform the bank about the same through a written notice. On receipt of such notice, we will only accept future instructions which have been authorized by all the joint account holders.
  • A joint account can be transferred into the name of just one of the account holders, basis a written request authorized by all the joint account holders.
  • In the event of the death of any one of the joint account holders the account is operated as per terms and conditions stated in the General Terms and Conditions Governing Accounts and

Other

Minimum Balance Requirements and Charges

 

There are no minimum balance requirements to operate your Affinity Account.  However, if the total monthly balance of all your accounts with us, such as your Affinity Account, savings account and fixed deposit account (Monthly Average Balance – MAB) falls below 250 currency units, administrative charges of 3 currency units per month may apply.

 

There are no minimum balance requirements to operate your Affinity Account.  However, if the total monthly balance of all your accounts with us, such as your Affinity Account, savings account and fixed deposit account (Monthly Average Balance – MAB) falls below 250 currency units, administrative charges of 3 currency units per month may apply.

 

The administrative charges shall be calculated by adding the daily closing balance of all accounts under your customer ID with us for a particular month and dividing it by the total number of days for that particular month. In case the account is in dormant status, the charges are levied on the account. In case the account is in freeze status, the charges are not applied. In case an account has been opened during the running month, then the account will be exempted from application of MAB charges for that month. However, from next month, the account will be considered for MAB charges with the logic given above. These charges will be levied on the Affinity Account only.

 

**Terms and Conditions apply.

 

Please click here for Affinity Account FAQs

Please click here for Money Transfer FAQs

Please click here for the disclaimer relating to the Affinity Account and related services.

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