Payment Due is up to Rs. 2000 Rs. 400 if Total Payment Due is between Rs. 2001 - Rs. 5000 Rs. 600 if Total Payment Due is Rs. 5001 or more. Payment Due is up to Rs. 2000 Rs. 400 if Total Payment Due is between Rs. 2001 - Rs. 5000 Rs. 600 if Total Payment Due is Rs. 5001 or more. Payment Due is up to Rs. 2000 Rs. 400 if Total Payment Due is between Rs. 2001 - Rs. 5000 Rs. 600 if Total Payment Due is Rs. 5001 or more.

1. PROJECT ON
“BUSINESS ASPECTS IN BANKING AND INSURANCE”
SUBMITTED BY
SACHIN THOMAS
BACHELOR OF MANAGEMENT STUDIES
DIV-C,
ROLL NO-165
ACADEMIC YEAR 2013-2014
SUBMITTED TO
PROF. ZEENAT SHAIKH,
JOSHI-BEDEKAR COLLEGE,
MUMBAI UNIVERSITY

2. CERTIFICATE
This is to certify that this project report entitled “Business Aspects in
Banking and Insurance Project on Credit Cards of Axis bank and
ICICI bank” submitted to Joshi-Bedekar College , is a bonafide record
of work done by “ Sachin Thomas ” under my supervision from “1807-2013 ” to “ 21-08-2013”.
Signature
Mrs. Zeenat Shaikh
Countersignature
B.M.S Department, Joshi-Bedekar, College
Place- Thane

3. Date-21-08-2013
ACKNOWLEDGEMENT
I would like to express my special thanks of gratitude to my teacher who gave me
the golden opportunity to do this wonderful project on the topic- Credit Card:
Axis bank and ICICI bank , which also helped me in doing a lot of Research
and I came to know about so many new things. I am really thankful.
Secondly I would like to thank all employees of Axis and ICICI banks who
helped me a lot in finishing this project within the limited time.
I am making this project not only for marks but to also increase my knowledge.
THANKS AGAIN TO ALL WHO HELPED ME.

4. CONTENTS
Sr.no
INDEX
1
2
3
4
5
Aim
Introduction
What is a credit card?
Who can be a credit card holder?
Particulars displayed on credit
cards
6
What are the different types of credit
cards provided by your bank?
7
What are the interest and charges
on the above mentioned types of
credit card?
What types of benefits or services
are provided by your institution to
your credit card customers?
What security measures are being
adopted by your institution for
security of your credit card
products?
8
9
10
What are the conditions for fuel
surcharge refund?
Page no

5. 11
On what basis do you provide
credit limit to your credit card
customers?
12
13
14
Do You provide balance transfer
facility?
Do you provide revolving credit
facility?
Do you provide EMI facility?
• AIM
The main aim of this project is to do a comparision between the credit card
products of Axis bank and ICICI bank.
• INTRODUCTION
The development of plastic money is one of the recent Phenomenon's in the
banking sector. Plastic money is a charge card. It is a direct charge against the limit
sectioned. It is a debt instrument issued by some specialized companies. It is one
step forward towards cashless and cheque less society. The operation is through
electronic funds transfer {EFT} installations and inter-bank network. Credit cards
are key to the opening of bank accounts for daily payments by the card holders.
Credit card has been rightly called "PLASTIC MONEY". The objective is to
provide convenience and security. It eliminates cash transactions, and protects
from the danger of pick pocketing a lot of cash. There is usually interest free credit
for 30 to 45 days.
These plastic cards have the photo identity and holders signature embossed on the
card. It also has the issuing banks name and validity period of the card. The bank

6. issuing the credit card knows well the customer and his creditworthiness.
Basically, the use of credit cards helps the holder to take the advantage of the two
essential aspects of the financial services functions:
• Transmission of payments
• The granting of credit.
1.WHAT IS A CREDIT CARD?
A credit card is a card or mechanism which enables to purchase goods, travel
and dine in a hotel without making immediate payments. The holders can use
the cards to credit from banks unto 45 days. The credit card relieves the
consumer from the botheration cash and ensures safety. It is a convenience of
an extended credit without formality. Thus, credit card is a passport to, SAFETY,
CONVENIENCE, PRESTIGE AND CREDIT.
• WHO CAN BE A CREDIT CARD HOLDER?
The general criterion applied is a person spending capacity and not merely his
income and his wealth. The other criterion is the worthiness of the client and his
average monthly balance. Most of the banks have clear out the norms for giving
the credit cards.
I. A person who earns a salary of Rs. 60,000/- per annum is eligible for a card.
II. A reference from a banker and the employers of the applicant is insisted upon.
III. He should have a savings current account in the bank.
IV. His assets and liabilities on a particular date are reported to bank.
V. A statement of annual or monthly income.
VI. He is considered credit worthy upon to certain limit depending upon his
income, assets and expenditure. The eligible customer is asked to fill in
application form giving the details of account number , name , address ,
income , wealth status and a proof of his income/wealth etc.
• PARTICULARS DISPLAYED ON THE CREDIT CARDS
Every credit card bears the following particulars:
• NAME OF THE CUSTOMER: Every card displays the name of
customer. It should be spelled correctly. In case, it does not, the customer

7. can contact the customer service cell/helpline and get the necessary
correction done. This facility is provided free of cost by the bank.
• 16-DIGIT CARD NUMBER : A unique 16 digit numb0er is
allotted to every customer/ cardholder.
• VALIDITY DATE : The card mentions the period through which it
is valid. The card is usually valid from the it is received by the customer
unto and including the last day of the month indicated on the card. After
the card has to be renewed.
• THE VISA HOLOGRAM AND THE VISA LOGO: The
hologram and the logo ensure that all the establishments throughout the
world displaying the visa logo will accept the card.
• NAME OF THE ISSUING BANK: The card indicates on the top
the name of the issuing bank.
• SIGNATURE PANEL: The back of the card contains the signature
panel. The customer must put his signature on the signature panel to
prevent misuse by any other person. This identifies the card holder.
Signature on the panel would imply that card holder has given his
consent to abide by the terms and conditions governing the use of the
credit card. The card is valid is only if signed.
• MAGNETIC STRIP: The black magnetic strip contains important
information in encoded from and needs special handling. The card should
not be kept in an area where there is a continuous magnetic field. It
should not be left on the top the television. Set or near any electronic
appliance. The card should be kept away from heat and direct sun light.
• PIN (PERSONAL IDENTIFICATION NUMBER): Each card
holder is issued a password or pin to enable use of the card for accessing
his/her card account on the ATM and internet and also for availing any
privilege, benefit or service that may be offered by bank on the card. The
pin is communicated to the cardholder entirely at his/her risk who shall
not disclose the pin to any person and shall take all possible care to avoid
its discovery by any person. The card holder shall be liable for all
transactions made with the use of the pin whether with or without the
knowledge of the cardholder

8. • What are the different types of credit cards provided by your bank?
• AXIS BANK :
• Infinite Credit Card
• Signature Wealth Credit Card
• MY Wings Credit card
• MY Choice Credit Card

9. • MY Zone Credit Card
• MY Business Credit Card
• Miles & More Credit Card
• Corporate Credit Card

10. • Titanium Smart Traveler Credit Card
• Platinum Credit Card
• Insta Easy Credit Card
• Trust Chemists Credit Card

11. • Shriram Credit Card
• ICICI BANK :
• ICICI bank Diamant Credit Card

12. • ICICI bank Sapphiro Credit Card
• ICICI bank Rubyx Credit Card
• ICICI bank Coral Credit Card
• Jet Airways ICICI bank Sapphiro Credit Card
• Jet Airways ICICI bank Rubyx Credit Card

13. • Jet Airways ICICI bank Coral Credit Card
• ICICI bank British Airways Premium Credit Card
• ICICI bank HPCL Platinum credit Card
• ICICI bank Instant Platinum credit Card
• ICICI bank Visa Signature Credit Card

14. • ICICI bank Platinum Identity Credit Card
• ICICI bank Ascent American Express Credit Card
• ICICI bank British Airways Classic Credit Card
• ICICI bank Platinum Credit Card
• ICICI bank Titanium Credit Card

15. • ICICI bank Instant Titanium Credit Card
• ICICI bank Instant Gold Credit Card
• ICICI bank Future Gold Credit Card
• ICICI bank HPCL Gold Credit Card
• ICICI bank Preferred Credit Card

16. • ICICI bank Classic Credit Card
• ICICI bank Affinity Credit Card
• ICICI bank EMI Credit Card
• ICICI bank Value for money Credit Card

17. • What are the interest and charges on the above mentioned
types of credit card?
• AXIS BANK:
Charges
Standard Joining
Fee
Standard Annual
Fee
Standard Add-on
Card Joining Fee
Standard Add-on
Card Annual Fee
Finance Charges
(Retail Purchases &
Cash)
Cash Withdrawal
Fees
Fee for Cash
Payment
Card Replacement
(lost or stolen or reissue)
Emergency Card
Replacement Fee
when overseas
(through VISA)
Duplicate Statement
Fee
Overdue Penalty or
•
Late Payment Fee
•
Privée
Infinite
Credit Card
Nil
Wealth
Signature
Credit Card
Nil
Signature
Credit Card
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
2.95% per
month
(41.75% per
annum)
2.5% (Min.
Rs 250) of
the Cash
Amount
Rs. 50/-
2.95% per
month
(41.75% per
annum)
2.5% (Min.
Rs 250) of
the Cash
Amount
Rs. 50/-
2.95% per
month
(41.75% per
annum)
2.5% (Min.
Rs 250) of
the Cash
Amount
Rs. 50/-
Waived
Waived
Waived
As per VISA
Global
Customer
Assistance
Services
(GCAS).
Waived
As per VISA
Global
Customer
Assistance
Services
(GCAS).
Waived
As per VISA
Global
Customer
Assistance
Services
(GCAS).
Waived
Rs. 300 if •
Total
Payment Due
is up to Rs.
2000
Rs. 400 if •
Total
Payment Due
is between
Rs. 2001 -
Rs. 300 if
Total
Payment Due
is up to Rs.
2000
Rs. 400 if
Total
Payment Due
is between
Rs. 2001 -
Rs. 300 if
Total
Payment Due
is up to Rs.
2000; Rs.
400 if Total
Payment Due
is between
Rs. 2001 Rs. 5000; Rs.
Nil

18. •
Rs. 5000
Rs. 600 if •
Total
Payment Due
is Rs. 5001
or more
3% of the
over limit
amount (Min.
Rs 500)
Charge slip Retrieval Waived
Fee or Copy
Request Fee
Outstation Cheque
Waived
Fee
Cheque return or
Rs 300
dishonour Fee or
Auto debit Reversal
Bank A/c out of
Funds
Surcharge on
As prescribed
purchase or
by
cancellation of
IRCTC/Indian
Railway Tickets
Railways
Fuel Transaction
2.5% of
Surcharge
transaction
amount or
Rs. 10,
whichever is
higher
(Refunded for
fuel
transactions
between Rs.
400 and Rs.
4000)
Foreign Currency
3.50% of the
Transaction Fee
transaction
value
Mobile Alerts for
Waived
Transactions
Hotlisting Charges
Waived
Balance Enquiry
Waived
Charges
Over Limit Penalty
Rs. 5000
Rs. 600 if
Total
Payment Due
is Rs. 5001 or
more
3% of the
over limit
amount (Min.
Rs 500)
Waived
Waived
Rs 300
600 if Total
Payment Due
is Rs. 5001
or more.
3% of the
over limit
amount (Min.
Rs
500)
Waived
Waived
Rs 300
As prescribed
As
by
prescribed by
IRCTC/Indian IRCTC/Indian
Railways
Railways
2.5% of
2.5% of
transaction
transaction
amount or
amount or
Rs. 10,
Rs. 10,
whichever is whichever is
higher
higher
(Refunded for
(Refunded
fuel
for fuel
transactions
transactions
between Rs. between Rs.
400 and Rs.
400 and Rs.
4000)
4000)
3.50% of the 3.50% of the
transaction
transaction
value
value
Waived
Waived
Waived
Waived
Waived
Waived

19. Charges
Standard
Joining Fee
Platinum
Advantage
Rs 1000
Platinum
Titanium/Gold
Silver
Rs. 500 (Waived
on spends of
Rs. 5000 within
45 days of card
setup), for cards
setup on or after
February 07,
2011
Rs. 250 (Waived
on spends of
Rs. 2500 within
45 days of card
setup), for cards
setup on or after
February 07,
2011
Nil

20. Standard
Annual Fee
Rs 500
Nil, for cards
setup before
February 07,
2011
Rs.200 (from 2nd
year onwards.
Waived on
spends of Rs.
100000 in the
preceding year),
for cards setup
on or after
February 07,
2011
Nil, for cards
setup before
February 07,
2011
Standard Addon Card
Joining Fee
Standard Addon Card Annual
Fee
Finance
Charges (Retail
Purchases &
Cash)
Nil, for cards
setup before
February 07,
2011
Rs.100 (from
2nd year
onwards.
Waived on
spends of Rs.
50000 in the
preceding year),
for cards setup
on or after
February 07,
2011
Nil
Rs 100, for cards
setup before
February 07,
2011
Nil, for cards
setup before
February 07,
2011
Rs 100, for cards Nil
setup before
February 07,
2011
Nil
Nil, for cards
setup on or after
February 07,
2011
Nil
Nil, for cards
setup on or after
February 07,
2011
Nil
2.95% per month
(41.75% per
annum)
2.95% per month
(41.75% per
annum)
Titanium: 3.25% 3.25% per month
per month
(46.78% per
(46.78% per
annum)
annum)
Nil
Nil
Cash
Withdrawal
Fees
Fee for Cash
Payment
2.5% (Min. Rs 250)
of the Cash
Amount
Rs. 50/-
2.5% (Min. Rs
250) of the Cash
Amount
Rs. 50/-
Gold: 2.95% per
month (41.75%
per annum)
2.5% (Min. Rs
250) of the Cash
Amount
Rs. 50/-
Card
Replacement
(lost or stolen
or re-issue)
Emergency
Card
Replacement
Fee when
overseas
(through VISA)
Duplicate
Statement Fee
Overdue
•
Waived
Waived
Waived
Waived
As per VISA Global
Customer
Assistance
Services (GCAS).
As per VISA
Global Customer
Assistance
Services
(GCAS).
As per VISA
Global Customer
Assistance
Services
(GCAS).
As per VISA
Global Customer
Assistance
Services
(GCAS).
Waived
Waived
Waived
Waived
Rs. 300 if Total •
Rs. 300 if Total•
Rs. 300 if Total
•
Rs. 300 if Total
2.5% (Min. Rs
250) of the Cash
Amount
Rs. 50/-

21. Penalty or Late
Payment Fee
•
•
Over Limit
Penalty
Charge slip
Retrieval Fee
or Copy
Request Fee
Outstation
Cheque Fee
Cheque return
or dishonour
Fee or Auto
debit Reversal
Bank A/c out of
Funds
Surcharge on
purchase or
cancellation of
Railway Tickets
Fuel
Transaction
Surcharge
Foreign
Currency
Transaction
Fee
Mobile Alerts
for
Transactions
Hotlisting
Charges
Balance
Enquiry
Charges
Payment Due is up
to Rs. 2000
Rs. 400 if Total •
Payment Due is
between Rs. 2001
- Rs. 5000
Rs. 600 if Total •
Payment Due is
Rs. 5001 or more
Payment Due is
up to Rs. 2000
Rs. 400 if Total•
Payment Due is
between Rs.
2001 - Rs. 5000
Rs. 600 if Total•
Payment Due is
Rs. 5001 or more
Payment Due is
up to Rs. 2000
Rs. 400 if Total
Payment Due is
between Rs.
2001 - Rs. 5000
Rs. 600 if Total
Payment Due is
Rs. 5001 or more
3% of the over
limit amount
(Min. Rs 500)
Waived
Payment Due is
up to Rs. 2000
Rs. 400 if Total
•
Payment Due is
between Rs.
2001 - Rs. 5000
Rs. 600 if Total
•
Payment Due is
Rs. 5001 or
more
3% of the over
limit amount
(Min. Rs 500)
Waived
3% of the over limit
amount (Min. Rs
500)
Waived
Waived
Waived
Waived
Waived
Rs 300
Rs 300
Rs 300
Rs 300
As prescribed by
IRCTC/Indian
Railways
As prescribed by
IRCTC/Indian
Railways
As prescribed by As prescribed by
IRCTC/Indian
IRCTC/Indian
Railways
Railways
Waived (For fuel
transaction to be
between Rs 400
and Rs 4000)
3.50% of the
transaction value
Waived (For fuel
transaction to be
between Rs 400
and Rs 4000)
3.50% of the
transaction value
Waived (For fuel
transaction to be
between Rs 400
and Rs 4000)
3.50% of the
transaction value
2.5% or Rs 10
whichever is
higher
Waived
Waived
Waived
Waived
Nil
Nil
Nil
Nil
Waived
Waived
Waived
Waived
• ICICI BANK:
3% of the over
limit amount
(Min. Rs 500)
Waived
3.50% of the
transaction value

22. ICICI
Bank Card
Variant
Joining Fee Annual Fee Annual Fee Supplementary
(1st year)
(1st year)
(2nd year
Card Fee
onwards)
(Annually)
ICICI Bank
Sapphiro
Credit
Card
ICICI Bank
Signature
Credit
Card
ICICI Bank
Singapore
Airlines
VISA
Platinum
Credit Card
ICICI Bank
British
Airways
Premium
Credit Card
Account
ICICI Bank
British
Airways
Classic Credit
Card Account
ICICI Bank
Rubyx Credit
Card
Jet Airways
ICICI Bank
Sapphiro
American
Express
Credit Card
Jet Airways
ICICI Bank
Sapphiro Visa
Credit Card
Jet Airways
ICICI Bank
Rubyx
American
Express
25,000
Nil
3,500*
Nil
25,000
Nil
2,000
Nil
Nil
6,000
6,000
Nil
Nil
7,000
7,000
Nil
Nil
3,500
3,500
Nil
5,000
Nil
2,000**
Nil
5,000
Nil
5,000
250
5,000
Nil
5,000
250
2,500
Nil
2,500
250

23. Credit Card
Jet Airways
ICICI Bank
Rubyx Visa
Credit Card
Jet Airways
ICICI Bank
Coral
American
Express
Credit
Card
Jet Airways
ICICI Bank
Coral
Visa Credit
Card
ICICI Bank
Ascent
American
Express (R)
Credit Card
ICICI Bank
Kingfisher
Airlines
MasterCard
World
Credit Card
ICICI Bank
Kingfisher
Airlines
MasterCard
Platinum
Credit
Card
ICICI Bank
Kingfisher
Airlines
MasterCard
Titanium
Credit
Card
ICICI Bank
Platinum
Identity
Credit Card
2,500
Nil
2,500
250
1,250
Nil
1,250
250
1,250
Nil
1,250
250
4,000
Nil
1,000
Nil
Nil
5,000
2,500
Nil
Nil
2,000
1,000
Nil
Nil
500
500
Nil
2,000
Nil
750
Nil

24. ICICI Bank
1,000
Coral Credit
Card
ICICI Bank
Nil
HPCL
Platinum
Credit Card /
ICICI Bank
HPCL
Titanium
Credit Card
ICICI Bank
Nil
Platinum Chip
Credit Card
Nil
500***
Nil
500
500****
Nil
199
99****
Nil
Finance charges:
ICICI Bank
Card Variant
All Cards except for
the cards mentioned
below
ICICI Bank Instant
Platinum Credit Card
/ ICICI Bank Instant
Gold Credit Card
/Fixed Deposit
Instant Credit Card
ICICI Bank EMI
Credit Card
Jet Airways ICICI
Bank Credit Cards
Overdue Interest on
Extended Credit
Interest on Cash Advances
Monthly
Rate
3.40%
Annual Rate
Monthly Rate
Annual Rate
40.80%
3.40%
40.80%
2.49%
29.88%
2.49%
29.88%
1.49% /
1.99%
3.50%
17.88% /
23.88%
42%
1.49% / 1.99%
3.50%
17.88% /
23.88%
42%

25. • What types of benefits or services are provided by your
institution to your credit card customers?
• AXIS BANK:
Exclusive Benefits:
Ø
Petrol Surcharge Refund

26. Ø
eDGE Loyalty rewards program
Ø
eShop Card
Ø
Comprehensive Insurance Cover
Ø
Mobile Alerts
Ø
Global Acceptance
Ø
Global Emergency Assistance
Ø
Interest Free period*
Ø
Revolve Facility
Ø
Balance Transfer
Ø
Cash Advance Facility
Ø
Auto Debit Facility
Ø
EMI Facility
Ø
Joining & Annual Fee
Ø
E-statements
Ø
Limit Enhancement
Ø
Cash Withdrawal
Ø
Balance transfer
ICICI BANK:
• Petrol Surcharge Refund
• PAYBAK rewards program

27. • Comprehensive Insurance Cover
• Mobile Alerts
• Global Acceptance
• Global Emergency Assistance
• Interest Free period*
• Revolve Facility
• Balance Transfer
• Cash Advance Facility
• Auto Debit Facility
• EMI Facility
• Joining & Annual Fee
• E-statements
• Limit Enhancement
• Cash Withdrawal
• Balance transfer
• What security measures are being adopted by your institution
for security of your credit card products?
• AXIS BANK:
Highest Level of Security : EMV certified Chip embedded Card, which gives
you the highest levels of security.
Comprehensive insurance cover: Comprehensive insurance cover including
Air Accident Cover, Travel related covers, Credit Shield and Lost Card Liability to
put mind at ease.
• ICICI BANK:

28. Highest Level of Security : EMV certified Chip embedded Card, which gives
you the highest levels of security.
Comprehensive insurance cover: Comprehensive insurance cover including
Air Accident Cover, Travel related covers, Credit Shield and Lost Card Liability to
put mind at ease.
• What are the conditions for fuel surcharge refund?
• AXIS BANK:
Fuel Surcharge Refund :
Enjoy fuel surcharge refund on spends at all fuel stations across India with your
Axis Bank Credit Card (valid on transactions between Rs. 400 and Rs. 4000 only.
Service Tax charged on fuel surcharge is non-refundable. No reward points are
earned on fuel transactions).
• ICICI BANK:
Fuel surcharge refund:
2.50% of transaction value or Rs.10 whichever is higher. Surcharge
waiver of 2.5% of transaction value on HPCLpetrol pumps on select
cards (this offer is valid on a maximum transaction of ` 4,000, when the
payment is made by swiping the card on ICICI Merchant Services swipe
machines).Surcharge waiver of 2.5% of transaction value on all petrol

29. pumps on select cards. Cost of fuel will be recovered along with charges
and taxes levied if any by the acquiring bank at actual.
• On what basis do you provide credit limit to your credit card
customers?
• AXIS BANK:
The 'Credit limit' is the maximum amount you can spend or borrow using your
Credit Card in one billing cycle. This limit is based on various factors relating to
your income. The credit limit can be changed on the basis of your payment and
transaction history.
• ICICI BANK:
The 'Credit limit' is the maximum amount you can spend or borrow using your
Credit Card in one billing cycle. This limit is based on various factors relating to
your income. The credit limit can be changed on the basis of your payment and
transaction history
• Do you provide revolving credit facility?
• AXIS BANK:
The repayment options available to you are as below:
Pay only the Minimum Amount Due (5% of the bill amount
subject to a minimum of Rs 100) and remaining amount can be
paid in subsequent months
Pay the total amount due.
Pay any amount ranging from the minimum amount due to the
total amount due.

30. • ICICI BANK:
When you receive your bill, you have the flexibility of selecting any of the
following payment options:
Pay the total amount due.
Pay only the minimum amount due.
Pay any amount ranging from the minimum amount due to the total amount
due.
Should you opt for either of the last two options, then the unpaid amount due is
carried forward to the next billing period. This is referred to as the revolving
credit facility.
• Do You provide balance transfer facility?
• AXIS BANK:
Transfer your existing balance from other credit cards to your Axis Bank
Credit Card at a special rate of interest and save substantially.
There are two exciting plans to choose from:
Balance Transfer Plan @ 0%
0% interest rate for 3 months*
2.95% interest after 3 months
2% processing fee or Rs. 199 (whichever is higher)
• ICICI BANK:
The ICICI Bank balance transfer facility allows you to transfer your
outstandings from your other-banks‟ credit cards to your ICICI Bank Credit
Card at interest rates as low as 0%.

31. Various attractive schemes like the „0% Balance Transfer offer' and the „Life
Time Balance Transfer offer‟, along with zero documentation and crisp draft
delivery make the ICICI Bank Credit Card balance Transfer programme the
best in the market.
• Do you provide EMI facility?
• AXIS BANK:
EMI Facility :
EMI feature on Axis Bank Credit Card gives you the convenience of paying for
High Value Credit Card transactions in easy EMIs.
• ICICI BANK:
"EMI on Call" means choosing to pay for retail transactions made on ICICI
Bank credit card in Instalments and is provided / agreed to be provided by
ICICI Bank, at its sole discretion, to the card member to the extent of
amounts not exceeding the available cash-limit / credit-limit.
The card member shall repay the facility and interest thereon in EMIs. The
interest shall be at such rate which has been indicated by ICICI Bank to the
card member at the time of making the offer for the facility and as also as
communicated to the card member. The interest calculation will start from
the time the transaction has been booked for the facility. The amount of the
EMIs together with other details of the Facility (including rate of interest)
shall be also communicated to the card member at his/her mailing address.

32. REFERENCES:
• www.axisbank.com
• www.icicibank.com

33. • Pooja Rohida,
Assistant Manager,
Axis Bank , (Ambarnath East) Branch.
• Deepak Kalani,
Privilege Banker,
ICICI Bank, (Ambarnath East) Branch.
• www.wikipedia.org
paste the visiting cards of the two banks over here.