ICICI Bank's iFinance: Now access Current and Savings account across Banks with a single app, Here's how to use it

iFinance: ICICI Bank's 'iFinance' feature is a new offering that provides a convenient way for both retail customers and sole proprietors to access a unified overview of their savings and current accounts. Notably, this feature extends its availability to non-ICICI customers as well, harnessing the Account Aggregator ecosystem. It can be accessed through the iMobile Pay app, Retail Internet Banking (RIB), Corporate Internet Banking (CIB), and the InstaBIZ platform, which is ICICI Bank's mobile application designed for businesses.

What is iFinance?

The 'iFinance' feature introduces a comprehensive single-view dashboard for all user accounts. With this innovative tool, users can effortlessly access a range of functions, including checking their account balances, gaining valuable insights into their spending habits, and downloading account statements, among other convenient features. The 'iFinance' dashboard empowers users to proactively manage their expenses and gain a deeper understanding of their financial well-being.

How can you use iFinance?

Using iFinance is an easy process, just follow the below written steps.

1. Log in using one of ICICI Bank's digital platforms, including iMobilePay, Retail Internet Banking, Corporate Internet Banking, or InstaBIZ.
2. Locate and click on the 'iFinance' button within the platform and complete the necessary credential verification process.
3. After successful verification, you'll find that all of your accounts, whether they are held with ICICI Bank or other financial institutions, will be automatically pre-populated for your convenience.
4. Choose the specific bank account you wish to link and provide your consent to link it to the 'iFinance' feature.
5. Once your selection is approved, you will be able to view and manage the linked accounts seamlessly, directly through the platform.

How can other bank customers use iFinance feature

1. Download the app to your mobile device.
2. Begin the registration process by providing your mobile number.
3. Inside the app, navigate to the 'iFinance' section and follow the same steps as mentioned above.

Benefits of iFinance

The 'iFinance' feature offers a range of benefits to users:

1. Linking and Viewing All Accounts:

Users can securely connect their savings and current accounts from multiple banks, providing them with a consolidated view of all their account balances in one place.

2. Summary of Income and Expenditure:

This facility provides users with a convenient summary of their income and expenditure. It's a valuable tool for monitoring and managing their finances effectively.

3. Detailed Statements:

Users can also download comprehensive account statements that consolidate information from all linked bank accounts, providing a comprehensive view of their financial activity.

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