ICICI Bank's customers can break their high value transactions of over Rs 50,000 into suitable EMIs directly on its internet banking platform to make their purchases more affordable. The facility is the first in the industry, the bank added. It will be applicable on transactions up to Rs 5 lakh and will bear no additional cost on the customers. The facility will enable customers convert their high-value transactions up to Rs 5 lakh into easy monthly instalments.
ICICI Bank is a leading private sector bank in India.