Overview of ICICI Bank Canada
The Industrial Credit and Investment Corporation of India (ICICI Bank) is one of the largest banks in India and as of December 2021 had over $200 billion of assets. ICICI Bank Canada is the bank’s wholly-owned subsidiary and conducts business across Canada. ICICI Bank Canada was established in 2003 and is a full service bank that provides financial products and services to Canadian consumers as well as commercial entities. According to the bank’s filings ICICI Bank Canada had $6 billion (CAD) of assets as of the end of 2021 of which $3.6 billion were residential mortgages, making it one of the larger banks in Canada when it comes to mortgage lending. The bank currently has 9 branches in Canada with the majority located in Ontario.
ICICI Bank Canada Credit Card Offerings
Currently the bank offers its customers and potential customers two credit card options:
- ICICI Bank Canada Rubyx Visa Platinum Credit Card
- Annual Fee: $49
- Annual Interest Rate
- Purchase: 19.99%
- Cash Advance: 21.99%
- Card Features
- Cardholders can earn an extra 2% cash back rewards on either gas & groceries, entertainment or travel-related purchases. Cardholders get to choose which category to use to accrue the awards and can change their election every 6 months.
- In addition, with the ICICI Bank Canada Rubyx Visa, cardholders can earn 1% cashback on all other purchases.
- The card also provides purchase insurance for loss, theft and damage within 90 days of making a purchase and rental car collision loss and damage insurance.
- ICICI Bank Canada Coral Visa Credit Card
- Annual Fee: $0
- Annual Interest Rate
- Purchase: 19.99%
- Cash Advance: 21.99%
- Card Features
- Add additional cardholders at no cost
- Cardholders can earn an extra 1% cash back rewards on either gas & groceries, entertainment or travel-related purchases. Cardholders get to choose which category to use to accrue the rewards and can change their election every 6 months.
- In addition, cardholders can earn 0.5% cashback on all other purchases.
ICICI Bank Canada Bank Account Options
ICICI Bank Canada has 5 bank account options across both chequing and savings accounts:
- Basic Chequing Account
- Monthly Fee: $4.00 (waived if you are a Senior, Student or RDSP beneficiary)
- Withdrawal Transaction Limits: 12 allowed per month. $1.00 per transaction thereafter
- Deposit Transaction Limits: Unlimited
- ATM Fees: $1.50 at out of network ATMs in Canada ($3.00 international)
- HiVALUE Chequing Account
- Available in both Canadian and US Dollars
- Earns interest for Canadian Dollar denominated accounts.
- Monthly Fee: $9.95 (waived if you have a daily closing balance of $3,000 for the Canadian Dollar account or $3,000 in US Dollars for the US Dollar account)
- Withdrawal Transaction Limits: 25 allowed per month. $1.00 per transaction thereafter
- Deposit Transaction Limits: Unlimited
- ATM Fees: $1.50 at out of network ATMs in Canada ($3.00 international)
- HiVALUE PLUS Chequing Account
- Only available in Canadian Dollars
- Earns Interest
- Monthly Fee is Tiered:
- $21.95 if you maintain a daily balance below $1,000
- $15.95 if you maintain a daily balance between $1,000 and $2,500
- $12.95 if you maintain a daily balance greater than $2,500
- Unlimited transactions per month
- ATM Fees: no fee charged for using an out of network ATM in Canada or Internationally
- Other Features: unlimited cheque books, unlimited cheque issuance and unlimited bill payments
- HiSAVE Savings Account
- No monthly fees and no minimum balance required
- Available in Canadian Dollars and US Dollars
- Pays 0.75% interest rate on Canadian Dollar balances and 0.45% on US Dollar balances
- ATM Fees: $1.50 at out of network ATMs in Canada ($3.00 international)
- Premium Savings Account
- No monthly fees and no minimum balance
- Available in Canadian Dollars and US Dollars
- Pays 0.65% interest rate on Canadian Dollar balances and 0.45% on US Dollar balances
- ATM Fees: $1.50 at out of network ATMs in Canada ($3.00 international)
To open a bank account with ICICI Bank Canada you have to visit one of the banks branches.
ICICI Bank Canada Branches
The bank currently has branches in three provinces: Alberta (one branch), British Columbia (2 branches) and Ontario (6 branches).
ICICI Bank Calgary Branch
- Branch Address – 145-4851 Westwinds Drive NE, Calgary, AB T3J 4L4
- Branch Phone Number – (403) 293-0179
- Branch Transit Number – 11002
- Branch Hours of Operation
- Tuesday to Friday – 10:00am to 5:00pm
- Saturday – 10:00am to 4:00pm
ICICI Bank Delta Branch
- Branch Address – 120 Street (Scottsdale Centre) Unit 7109, Delta, BC V4E 2A9
- Branch Phone Number – (604) 595-4080
- Branch Transit Number – 90002
- Branch Hours of Operation
- Tuesday to Friday – 10:00am to 5:00pm
- Saturday – 10:00am to 4:00pm
ICICI Bank Surrey iLounge Branch
- Branch Address – Unit 112, 8077 King George Blvd. Surrey, BC V3W 5B4
- Branch Phone Number – (604) 595-4288
- Branch Transit Number – 14002
- Branch Hours of Operation
- Tuesday to Saturday – 10:30am to 3:00pm
ICICI Bank Brampton Branch (Bartley’s Square)
- Branch Address – 1 Bartley Bull Parkway, Brampton, ON L6W 3T7
- Branch Phone Number – (905) 456-3700
- Branch Transit Number – 20002
- Branch Hours of Operation
- Tuesday to Friday – 10:00am to 5:00pm
- Saturday – 10:00am to 4:00pm
ICICI Bank Brampton Branch (The Gore Road)
- Branch Address – 4520 Ebenezer Road, Unit 4, Brampton, ON L6P 2R2
- Branch Phone Number – (905) 913-2428
- Branch Transit Number – 12002
- Branch Hours of Operation
- Tuesday to Friday – 10:00am to 5:00pm
- Saturday – 10:00am to 4:00pm
ICICI Bank Mississauga Branch
- Branch Address – 4020 Confederation Parkway, Mississauga, ON L5B 0J6
- Branch Phone Number – (905) 896-7502
- Branch Transit Number – 70002
- Branch Hours of Operation
- Monday to Friday – 10:00am to 5:00pm
- Saturday – Closed
ICICI Bank Scarborough Branch
- Branch Address – 5631 Steeles Avenue East, Unit #1, Scarborough, ON M1V 5P6
- Branch Phone Number – (416) 298-9222
- Branch Transit Number – 40002
- Branch Hours of Operation
- Tuesday to Friday – 10:00am to 5:00pm
- Saturday – 10:00am to 4:00pm
ICICI Bank Toronto Branch (Don Valley Business Park)
- Branch Address – 150 Ferrand Drive, Suite 700, Toronto, ON M3C 3E5
- Branch Phone Number – (416) 360-0909
- Branch Transit Number – 80002
- Branch Hours of Operation
- Monday to Friday – 9:30am to 4:30pm
- Saturday – Closed
ICICI Bank Malton Branch (iLounge)
- Branch Address – 7205 Gore way Drive, Unit #29, Mississauga, Ontario, L4T 2T9
- Branch Phone Number – (905) 671-9144
- Branch Transit Number – 13002
- Branch Hours of Operation
- Tuesday to Saturday – 10:30am to 3:00pm