ICICI Bank on Wednesday announced the launch of ‘iStartup2.0’, a programme for startups to take care of their banking and beyond-banking needs such as regulatory assistance, analytics, staffing, accounting, customer acquisition and digital outreach to customers, among others.

The programme offers customers an eponymous Current Account which is available in three variants: Platinum, Gold and Silver. New businesses (up to 10 years old) including Partnerships Firms, Private and Public Limited Companies, as well as limited liability partnerships (LLPs), can opt for the Current Account. 

iStartup 2.0 offers many industries first features including the instant payment of GST, automatic bank reconciliation, accessible bulk collection & payments of funds through multiple modes, inward and outward remittances and others.

Pankaj Gadgil, Head- Self Employed Segment of ICICI Bank said, “The ‘all-in-one’ and comprehensive iStartup 2.0 programme will provide easy banking and beyond- banking services to startups, free up their bandwidth from paper-intensive procedures and thus boost their business growth by improving overall productivity and efficiency,”

Startups can open their account and instantly get the account number in a moment as the Bank’s APIs is integrated with the website of the Ministry of Corporate Affairs (MCA). It also offers significant convenience to entrepreneurs and founders by saving time and effort so that they don’t have to fill the details again and again. For further convenience, the bank also sends an official of their choice to verify the original documents for KYC.