ICICI Bank has partnered with Flipkart to offer an instant and completely digital overdraft (OD) facility of up to Rs 25 lakh to individual sellers and businesses registered on the e-commerce platform. Enabled by API integration, the partnership helps sellers to avail an OD from the Bank instantly in a process- from application to sanction to disbursement - that is entirely digital. Customers of any bank can avail of ODs from ICICI Bank if they are registered as sellers with Flipkart.
ICICI Bank is a leading private sector bank in India.