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