Dear MR.

S DHANASEKAR,

Congratulations! Your application for ICICI Bank Insta OD facility, availed through our
digital platform has been approved. We have set up a Sanction Limit of Rs 270000 for a
tenure of 12 months.

The facility needs to be renewed post 12 months and is repayable on demand, at any
time during the tenure of the facility.

Important Information regarding the facility and Terms and Conditions applicable to the
facility, are attached.

In case of any queries, write to us at corporatecare@icicibank.com or call us at 1800

1080.

Sincerely,

PRODUCT HEAD - BUSINESS BANKING

ICICI Bank Ltd

Annexure 1- Key Fact Statement

Annexure 2- Application form & Terms and Conditions

Digitally Signed By Product Head –

Business Banking
2024.07.20 09:09:55
Application ID: SAOD1887058 I P Address: 2401:4900:67b4:
e4e4:147:e844:c
b84:5416

20/07/2024

Key Fact Statement Rupee Overdraft Facility

Name of the Regulated entity: ICICI Bank Limited Applicant Name : MR.S DHANASEKAR

S r No. Parameter Details

(i) Loan amount Rs. 270000

(ii) Total interest charge during the entire tenure of Amount: Rs. 40500.0
the loan The fixed rate of interest per annum shall be as stipulated by
(Interest Amount is calculated assuming 100% ICICI Bank and shall be charged on the amount of the loan
utilisation) remaining outstanding each day.

(iii) Other Up-Front Charges,if any(In Rupees) 3186.0

(a) Processing fees(in Rupees) - (Non-refundable) 2700.0

(b) Insurance charges, if any NA

(c) Others (GST on Processing Fees) in Rupees 486.0

(iv) Net disbursed amount(in Rupees) Rs. 270000

(v) Total amount to be paid by the borrower (sum of Rs. 313686.0

(i), (ii) and (iii)) (in Rupees)

(vi) Annual Percentage Rate - Effective annualized 16.0%

interest rate (in percentage) (computed on net
disbursed amount using IRR approach and
reducing balance method)

(vii) Tenure of the Loan 12 months from the date of limit set up. Limits are subject to
terms and conditions applicable to the Facility and will be
available for utilization for 12 months. Unless otherwise agreed
by ICICI Bank in writing, the Facility shall be repayable on
demand.

(viii) (a) Repayment frequency by the borrower The Facility shall be repayable on demand on the request of
ICICI Bank at any time during the tenor of the facility.

(b) Payment frequency by the borrower for

interest Monthly

(ix) Number of instalments of repayment NA

(x) Amount of each instalment of repayment NA

Details about Contingent Charges

(xi) Rate of annualised Penal charges in case of 2% p.a

delayed payments
 Irregular due to drawings beyond drawing
power/Limit :
1.Excess drawings over drawing power but
within sanctioned limit.
2. Excess drawings over sanctioned limit.
3. Non-renewal of limits. Penal Charges
would be levied from the next day of excess
drawings/date of expiry till such time the
outstanding is brought within drawing power
/ sanctioned limit as applicable/ limits are
renewed.

(xii) Rate of annualized other penal charges Not Applicable

(xiii) Charges in case of default of loan

(i)Cash transaction charge for repayment of (i)Rs. 100+GST

interest dues at Branches

(ii)Charges incurred in filing legal suit (ii)At actuals

(iii)Charges incurred in sending different notices (iii)At actuals

(iv)Enforcement charges (iv)At actuals

(v)Non Maintenance of Mode of Payment (v)Rs. 800+GST

charges(NMMP)

(vi)Overdue Handling Charges (delinquent (vi) i. Rs. 750 where a notice has been delivered at the
accounts) communication address and a paper publication is not required
ii. Rs.1,700 where no notice has been delivered at the
communication address and the paper publication is to be done
iii. Rs. 200 for sending loan recall notice over and above the
preceding points i and ii

(vii)Professional charges (vii) At actuals

Other disclosures

(xiv) Cooling off/look-up period during which 15 days

borrower shall not be charged any penalty on
prepayment of loan

(xv) Details of Lending Service Provider acting as No recovery agent is assigned for loan account. In case any
recovery agent and authorized to approach the recovery agent is assigned, then particulars of such recovery
borrower * agent will be communicated before the recovery agent contacts
the customer for recovery.

(xvi) Name, designation, address and phone number Ms. Sharlet Malvankar, Principal Nodal Officer, ICICI BANK LTD,
of nodal grievance redressal officer designated CORPORATE HEAD OFFICE ICICI BANK TOWERS, BANDRA -
specifically to deal with FinTech/ digital lending KURLA COMPLEX BANDRA (EAST), MUMBAI-400051,
related complaints/ issues Telephone: +91-02239337979, Email id -
digitallending@icicibank.com

Other applicable Charges

(xvii) Renewal Charges 2 % of the Facility amount.

The renewal fee is non-refundable fee and shall be payable
annually at the time of each renewal.

(xviii) Charges beyond free limits

 (i)Cash Deposit-Base location (i)Rs 3 per Rs 1,000; Minimum charge Rs. 50

(ii) Cash Deposit-Non-Base location (ii) Rs 3 per Rs 1,000 plus anywhere cash deposit charge of Rs 5
per Rs 1,000; Minimum charge Rs. 100

(iii) Cash Withdrawal Non-Base (iii) Rs.2 per 1000; Minimum charge Rs. 50

(iv) Non Cash Transaction Payments (iv) Rs.0.50 per 1000 ; Minimum Rs 50 per Transaction &
Maximum Rs 500 per Transaction; Minimum charge Rs. 50

(v) Cheque Leaves (v) Rs.2 per leaf

(vi) Transaction Charges (vi) Rs. 50 per cash deposit transaction & Rs 25 for others Other
transaction includes all cash withdrawal & clearing transactions
except 1. Payments / collections through RTGS & NEFT
2. Upcountry Cheque Collection
3. Transactions done through Internet / Phone / Mobile / ATM

(vii) Bulk Cash Volume Charges (vii) Rs 3 per 1000 beyond 5 times free limit on base cash deposit

(xix) Other Common Charges

(i) Monthly physical Account Statement (i) Per month Rs. 25

(ii) Cheque Return - Issued by customer (ii) Per instance Rs. 750

(iii) Cheque Return - Deposited by Customer (iii) Per instance Rs. 100

(iv) ECS Debit Return (iv) Per instance Rs. 350

(v) Speed Clearing charges (v) Per Instance of value above Rs. 100,000/- Rs. 150

(vi) Branch Based transactions: Including Stop (vi) Per instance Rs. 100
Payment, Standing Instruction, DD Cancellation, DD
Duplicate, DD revalidation, Duplicate Statement,
Bankers' Report, Certificate of Balance for Previous
Year, Old Record Retrieval, Signature Verification

(xx) Cash Management Services:

(i) I-Multipay (i)A) One time Setup Fee - Rs 7500

B) FT - Rs Nil
C) NEFT - Rs 2.5
D) RTGS - Rs 5
E) Cheque/DD - Rs 5
F) IMPS - < 25000 Rs. 3.5 > 25000 Rs. 7.5

(ii) I-Multipay (ii)A) One time Setup Fee 2000

B) FT Nil
C) NEFT Rs 1
D) RTGS Rs 1

(iii) Virtual Account Collection (iii) One time setup fee Rs. 5000 Per transaction Rs 1

(iv) Virtual Account Collection (iv) One time setup Rs 2000 Per transaction Rs 1

(v) Multiple invoice Collection (v) One time Setup Fee - Rs 7500 Transaction charges as per
MCC
(vi) Multiple invoice Collection (vi) One time Setup Fee - Rs 2000 Transaction charges as per
MCC

(vii) Cheque pick up (vii) Vendor prices on actual

(viii) Cheque pick up (viii) Vendor prices on actual; Per cheque Rs. 2

(ix) Cash pick up (ix) Vendor prices on actual

(x) Cash pick up (x) Vendor prices on actual; Cash processing charges Rs 1.2 per
1000

(xi) NACH (xi)A) One time Setup Fee - Rs 7500

B) Mandate registration - Rs 12
C) Txn charges - Rs 4

(xii) PAB (xii) One time setup Fee - Rs 1000

(xiii) POS Machine (xiii) POS Machine Installation charges and Rental Actual;
Transaction charges as per MCC

(xiv) Single Invoice Collection (xiv) Transaction charges as per MCC

(xv) Host to Host Integration (xv) Rs 5000

(xvi) API Integration (xvi) Rs 25000

Annexure 1

Free Limits per month

Variant Platinum

Cash Deposit Base and non 5,000,000

base location

Non Cash T r a n s a c t i o n - Free

Collections

Non Cash TransactionPayments Free

Cheque Leaves per month 1,000

Total Transactions 1,000

Cash Withdrawal Base Unlimited free on Value for self ; Maximum Rs 50,000 per transaction for 3rd party payment

C a s h W i t h d r a w a l N o n B a s e Rs.50,000 Free per day. Allowed only for self-cheques

Branch (Rs.)

RTGS Payment Free

NEFT payment Free

IMPS payment Transaction up to 10,000: 3.50 per transaction; 10,001 to 1 lakh: 5 per transaction; 1 lakh to 2
lakh: 15 per transaction.

Charg
Service
es

RTGS Collections and NEFT Collections Free

Local Cheque Collection at base branch, Local Cheque Payments, Fund Transfers 0

Product type change to any ICICI Bank Current Account product

Transactions done through Internet / Phone / Mobile Banking / Email & ICICI Bank ATM (except NEFT and RTGS
transactions for Standard and Classic)
Application ID : SAOD1887058
IP Address : 2401:4900:67b4:e4e4:147:e844:cb84:5416
Date : 20/07/2024

INSTA OVERDRAFT FACILITY - APPLICATION FORM

1.INTRODUCTION:
1. All applicants, which expression shall, as the subject or context may admit or require, mean any or each of the
Applicant/s ("Applicant") - whether individuals or proprietary concerns, who wish to avail of financial assistance
detailed below (the "Facility") from ICICI Bank Limited, (a company incorporated under the Companies Act, 1956
and a banking company within the meaning of the Banking Regulation Act, 1949 and having its Registered Office
at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390007, Gujrat, India and Corporate Office
at ICICI Bank Towers, Bandra Kurla Complex, Bandra, Mumbai 400 051 respectively, which expression shall,
unless it be repugnant to the subject or context thereof, include its successors, assigns, novatees, transferees,
hereinafter "ICICI Bank"), for any purpose specified below (the "Purpose") in this Application Form (hereinafter "
Application Form") on the portal for utilizing the Purpose ("ICICI Bank Portal") are required to fill-in and submit
this Application Form (and along with all other necessary details and documents, if any) to ICICI Bank for applying
for the same.
2. ICICI Bank shall be entitled at its sole and absolute discretion to reject/approve any Application Form submitted by
the Applicant.
3. The Applicants request for the Facility vide this Application Form and the Facility shall be subject to the terms
hereof.In case of any inconsistency between the Application Form, KFS and the Standard Terms, the terms of the
Facility set forth in the KFS of the Facility shall prevail.
4. Application Form along with additional documents (if any), submitted shall be considered by ICICI Bank and if the
same is to the satisfaction of ICICI Bank, ICICI Bank shall disburse the requested Facility to the Overdraft Account
("Overdraft Account") of the Applicant(s).
5. As per RBI guidelines, Debit Card/s issued for the Overdraft Account will be closed upon successful limit setup of
the Facility.and an Inquiry Card (BBIC) will be issued without any charge.
6. Revised Schedule of Charges ("SOC") as applicable for Facility, will be downloaded along with this Application
Form for your perusal and will be effective after limits have been setup in the Overdraft Account of the Applicant.
7. Definitions:
1. "Borrower" means and refers, to the applicant(s) and co-applicant(s) (if any) named in the Application to
whom the Facility is provided; the expression "Borrower" shall, unless it be repugnant to the subject or as the
context may permit or require, mean any or each of the Borrower and include,
1. in the case of a company / society / body corporate, its successors and permitted assigns;
2. in the case of a partnership firm, any or each of the partners and survivor(s) of them and the partners
from time to time (both in their personal capacity and as partners of the firm) and their respective heirs,
legal representatives, executors, administrators and permitted assigns, successors of the firm;
3. in the case of a proprietary concern, the proprietor / proprietress (both in his / her personal capacity
and as proprietor / proprietress of the concern) and his / her/ their respective heirs, legal
representatives, executors, administrators and permitted assigns, successors of the concern;
4. in the case of a HUF, the Karta of the HUF and any or each of the adult members / coparceners of the
HUF and the survivor(s) of them and their respective heirs, legal representatives, executors,
administrators and permitted assigns, successors;
5. in the case of an individual, his / her / their respective heirs, legal representatives, executors,
administrators and permitted assigns;
 6. in the case of a trust with individuals as trustees, the trustee(s) for the time being, its successors and
permitted assigns.
2. "Business Day" means a day on which the relevant/local office of ICICI Bank specified in the Application, or
such other office as may be notified by ICICI Bank to the Borrower, is open for normal business transactions.
3. "Due Date" means the date(s) on which any amounts in respect of the Borrowers Dues fall due as specified
in the Application and/or the Transaction Documents or as specified in any demand notice issued by ICICI
Bank at any time.
4. "Key Fact Statement" or "KFS" or shall mean the most important terms of the Facility, including the loan
amount, interest rate, Penal Charges, tenor, repayment schedule and other terms of the Facility. These
terms may be communicated to the Borrower through email / short message services (SMS), web links,
Website or by other means of physical or electronic communication.
5. "Material Adverse Effect" means the effect or consequence of any event or circumstance which is or is likely
to be:
1. adverse to the ability of the Borrower or any person to perform or comply with any of their respective
obligations under the Transaction Documents in accordance with their respective terms; or
2. prejudicial to any of the businesses, operations or financial condition of the Borrower or of any person
who is party to any Transaction Document.
6. "Material Terms" with respect to the Facility, means the provisions relating to:-(i) the payment/repayment
obligation (including principal, interest, fees, charges) of the Borrower under the Facility; (ii)
creation/perfection/furnishing of securities in terms of Transaction Documents; (iii) any credit support
(including, without limitation, any guarantee or indemnity) provided / agreed to be provided in relation to the
Facility (iv) any event, the breach of which is likely to have a Material Adverse Effect; (vi) compliance with
financial covenants, security related covenants and information covenants; (viii) end use of the Facility.
7. "Penal Charges" means an additional charge payable by the Borrower(s) to ICICI Bank as a penalty in case
of delay or default in payment of principal and/or interest and/or any act or incident of overdrawing the
account beyond the permissible/sanctioned limits, non-creation of security and/or breach of any Material
Terms of the Facility.
8. "Transaction Documents" include the Application Form, KFS, Terms and Conditions and all writings and
other documents executed or entered into, or to be executed or entered into, by the Borrower or any other
person(as the case may be) , in relation, or pertaining, to the Facility and each such Transaction Document
as amended from time to time.
2. DETAILS OF APPLICANT: :

INSTAOD APPLICATION SAOD1887058

NUMBER

Individual Details

Name MR.S DHANASEKAR

Date of Birth 09-08-1982 Nationality

E-mail Address dhanasekar.srinivasan@bmautocastings.com

Mobile Number 9940385243

PAN AMEPD3839N Category OBC

 ICICI Bank Savings Account 027501518833
Number

Alternate Bank Account Details

Names under alternate

account:

Saving Account Number:

Constitution R1

Operating Address

Address Line 1 NO 50 LIG,NH1,THAUIMANAVER STREET

Address Line 2 NO 50 LIG,NH1,THAUIMANAVER STREET

State TAMIL NADU City CHENNAI Pincode 603209

Landline Number

Residential Address

Address Line 1 NO 50 LIG,NH1,THAUIMANAVER STREET

Address Line 2 NO 50 LIG,NH1,THAUIMANAVER STREET

State TAMIL NADU City Pincode

Landline Number

2. FACILITY DETAILS

Nature of Facility Rupee overdraft facility

Facility amount Not exceeding 270000 In words two Lakh seventy Thousand

Purpose For working capital requirement

Validity Period 12 months from the date of limit set up.

Limits are subject to terms and conditions applicable to the Facility

and will be available for utilization for 12 months . Unless otherwise
agreed by ICICI Bank in writing, the Facility shall be repayable on
demand.

Applicable Rate of Interest (Plus applicable statutory Rate of interest15 % p.a.

levies) payable on the dates specified in relation to
repayment of the Facility.) The fixed rate of interest per annum shall be stipulated by ICICI
Bank and shall be charged on the principal amount of the loan
remaining outstanding each day.

In case there is any change in the regulatory requirements by the

regulator applicable to the facility pertaining to provisioning norms
and/or risk weightage, then ICICI Bank may revise the spread to
 reflect the regulatory change, subject to extant RBI guidelines.

All interest due and remaining unpaid on the due date shall be
capitalised and added to the outstanding amount and shall
thenceforth carry interest at the applicable interest rate on a
compounding basis payable on the aggregate amounts then due till
the amount is paid/repaid.
Without prejudice to ICICI Banks rights and remedies under contract
and/or law, in the event any amount due under the Facility remains
unpaid on the due date(s) or Applicant(s) commits breach of any of
the Material Term(s) (as defined below) of the Facility, ICICI Bank
shall have the right to levy and recover Penal Charges, at its sole
discretion at the rate specified hereunder. Upon levy of such Penal
Charges, the Applicant shall pay the said Penal Charges along with
applicable Goods and Service Tax (GST), other taxes (of any
description whatsoever), charges and penalties which may be
payable pursuant to applicable laws, from time to time, in relation to
the Facility.

Interest Rate payment frequency Monthly

Penal Charges*
Nature of R e c k o n i n g o f P e n a l Penal Charges
d e f a u l t Charges rate/sum shall be
( a s equal to percentage
applicabl per annum mentioned
e) below, on the overdue
sum from the due
date to the actual
payment date plus
applicable taxes or
other statutory levies,
if any

Irregular a) Excess drawings Over 2% p.a

due to drawing power but within
drawings sanctioned limit
beyond b) Excess drawings over
drawing sanctioned limit
power/Li c) Continuously irregular
mit for more than 45 days
under (a) or (b) above
Any formalities not
N o n - completed and/or Facility
complianc terms not complied with
e o f
Facility
terms and
conditions

Processing fees (Plus applicable tax or any other Rs.2700.0In words two Thousand seven hundred Only
statutory levies, if any)

Renewal fees (Plus applicable tax or any other statutory 2% of the Facility amount. (The renewal fee is non - refundable fee
levies, if any) and shall be payable annually at t he time of each renewal)

Prepayment / Foreclosure charges Nil

Commitment charges Nil

Repayment The Facility shall be repayable on demand on the request of ICICI

Bank at any time during the tenor of the Facility.

3. DECLARATIONS:
1. I, the undersigned, declare that I am the sole proprietor carrying on business in the name and style of the MR.S
DHANASEKARand I am solely responsible for the conduct of the affairs of the firm.
2. I declare that all the particulars and information and details given/filled in this Application Form and documents
submitted are true, correct, complete and up-to date in all respects and that I have not withheld any information
whatsoever. I shall furnish such additional writings, documents as may be required in connection with the financial
assistance/s required by me/us. I/We understand that certain particulars given by us are required in view of the
guidelines governing banking companies.
3. I confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies whatsoever or for
attachment of my/our assets or properties and/or any criminal proceedings have been initiated and/or are pending
against me and that I have never been adjudicated insolvent by any court or other authority.
4. No director or a relative/near relation(as specified by RBI) of a director of a banking company (including ICICI
Bank) or a relative/near relation(as specified by RBI) of a senior officer of ICICI Bank (as specified by RBI) is: the
Applicant(s),or a partner of our concern, or a trustee, member, director, employee of our concern, or of our
subsidiary, or our holding company, or a guarantor on my behalf, or holds substantial interest in our concern or my
subsidiary or holding company.
5. No action nor other steps have been taken or legal proceedings started by or against me in any court of law / other
authorities for winding up, dissolution, administration or re-organization or the appointment of a liquidator
(including a provisional liquidator) receiver, administrator, administrative receiver, trustee or similar officer or for
my assets.
6. I/we authorize ICICI Bank and all its group companies and their agents to exchange, share or part with all the
information and details relating to my existing loans / financial assistances and/or repayment history to other ICICI
Bank group companies, banks, financial institutions, credit bureaus, agencies, statutory bodies, information utilities
etc. as may be required or they may deem fit and shall not hold ICICI Bank (or any of its group companies or
its/their agents/representatives) liable for use/sharing of this information.
7. I/we agree that ICICI Bank Ltd/its Group companies reserves the right to retain the photographs and documents
submitted with photo-card application and will not return to the Applicant.
8. I/we acknowledge and confirm that ICICI Bank may, from time to time, communicate changes in terms and
conditions applicable to the Facility to me/us and continued use of the Facility by me/us shall constitute legal, valid
and binding acceptance of such revised terms and conditions.
9. The Applicant has/have no objection to ICICI Bank, its group companies, agents / representatives to provide
me/us information on various products, offers and services provided by ICICI Bank / its group companies through
any mode (including without limitation through telephone calls / SMS/email) and authorize ICICI Bank, its group
companies, agents / representatives for the above purpose.
10. The Applicant: (i) accepts that the RBI or credit bureau and any other agency so authorized, any statutory,
regulatory or supervisory authority, may use, process, disseminate the said information and data disclosed by
ICICI Bank in such manner as deemed fit by them in any particular circumstances; and (ii) shall not hold ICICI
Bank at all responsible or liable in this regard.
11. I understand and acknowledge that ICICI Bank shall have the absolute discretion, without assigning any reasons
(unless required by applicable law), to reject my application, that ICICI Bank shall not be responsible/liable in any
manner whatsoever to me for such rejection or any delay in notifying me of such rejection and any costs, losses,
damages or expenses, or other consequences, caused by reason of such rejection, or any delay in notifying me
of such rejection, of my application.
12. I hereby by confirm that the Facility granted to me shall be utilized only for the Purpose specified above.
13. I undertake to inform ICICI Bank regarding any changes whatsoever in my addresses, as specified herein above
or employment/profession and to promptly provide such further information that ICICI Bank for its designated
group companies or agents or representatives may require.
14. I also authorize ICICI Bank to check references about me from any bank/persons.
15. I hereby further confirm that, none of the directors of the borrowing entity are also directors of subsidiaries of
 ICICI Bank or of scheduled co-operative banks or the trustees of mutual funds/venture capital funds.
16. I declare that: I/we am/are competent and fully authorised to issue such declaration, confirmations, agreements
and undertaking and submit this Application Form accept the terms and conditions applicable to the Facility
(electronically or physically) for the purposes of borrowing/availing of the requested facility, and to execute all
other documents required by ICICI Bank for such purpose; (ii) all such letter(s) of authorities / power(s) of
attorney, if any, executed by me in favour of any person/s and which is/are submitted to ICICI Bank, is/are valid,
subsisting and has/have not been revoke by me.
17. I acknowledge and agree that the grant of the Facility by ICICI Bank to me shall be subject to compliance by me
of the applicable terms and conditions set out under this Application Form, Annexures and as detailed and
available on (collectively, the "Terms and Conditions"); All the terms and conditions set out therein shall govern
and apply to the Facility and all my obligations (as well as ICICI Bank's rights and remedies) in relation thereto, if
the Facility applied for by me herein is sanctioned and granted by ICICI Bank based on my application.
18. Any claim or dispute whatsoever (whether in contract, tort or otherwise) arising out of or in connection under the
terms of facility, including any question regarding its construction, meaning, existence, validity, breach, recall,
recovery or termination, shall be resolved and settled by mediation or conciliation (if the Borrower(s) and ICICI
Bank agree to such mediation or conciliation), administered in accordance with the applicable mediation or
conciliation rules of an independent online dispute resolution institution listed on ICICI Bank Limited website
("ODR Institutions"). Any party may appoint any listed ODR Institutions to facilitate mediation or conciliation. If
one Party appoints an ODR institution before the other, the ODR institution appointed by the first Party shall be
binding on other party. If the Borrower(s) and ICICI Bank do not agree to mediation or conciliation , or if the
mediation or conciliation fails to resolve the claim or dispute within the period stipulated in such rules or within a
period of 21 days from the date of notice of appointment of mediator or conciliator (whichever is earlier), then the
claim or dispute shall be taken forward for adjudication by arbitration in terms of the applicable rules of said ODR
Institution, and in accordance with the Arbitration and Conciliation Act, 1996, which shall be conducted (including
for recording of evidence or tendering of documents), concluded and administered online by ODR Institution
through its website/platform or mobile application. The arbitral tribunal shall consist of an independent sole
arbitrator appointed in accordance with the applicable arbitration rules of the ODR Institution. The seat of
arbitration proceedings shall be Mumbai. The law governing the arbitration proceedings shall be Indian law. The
procedural law of arbitration shall be rules of ODR Institution.
19. Terms & Conditions Apply. The grant of overdraft facility is at the absolute discretion of ICICI Bank ("Bank") and
is subject to submission of requisite documents and meeting Bank's eligibility criteria. The Bank reserves the
right, at any time, to modify/alter any of the terms & conditions of the facility. The applicant authorizes the Bank to
assess the Credit Bureau report of the Entity/ Proprietors/ Partners/ Directors and to call, SMS or communicate
via WhatsApp. This consent overrides any registration for DNC/NDNC.
20. I/We confirm that we have NOT availed any credit facilities / lending from other banks or the borrowing is less
than 5 crore. I/We, hereby declare that if our aggregate exposure becomes equal to / more than 5 crore, then we
will inform ICICI Bank about the same via email / letter.
21. I acknowledge and agree that the Penal Charges are reasonable and commensurate to non-compliance of
Material Terms of the Facility.
22. I agree that the "Material Terms" as referred to in this Application form means the provisions relating to:-(i) the
payment/repayment obligation (including principal, interest, fees, charges) of the Applicant under the Facility;(ii)
any credit support (including, without limitation, any guarantee or indemnity) provided / agreed to be provided in
relation to the Facility (iii) compliance with financial covenants, security related covenants and information
covenants; (iv) end use of the Facility.

All notices or other communications under or in connection with the Facility shall be given to the Borrower in writing and, unless
otherwise stated, may be sent by email, in-app messages, SMS/text messaging, WhatsApp messaging services, ordinary post,
speed post or courier. Any such notice or other communication will be deemed to be effective: (i) if delivered in person, at the time
of such delivery; (ii) if dispatched by post or courier, when recall of the letter is outside the control of the sender; (iii) if sent by email,
when such email enters the sent items folders; and (iv) if sent by in-app messages/SMS/text messaging/WhatsApp messaging
services, when have been sent irrespective of any telecom service provider delay. Notices or communication made to: the
Borrower postal address or email address or mobile number, as specified in the Transaction Document, and shall be deemed to be
proper and sufficient service irrespective of whether or not such notice shall be returned "unserved", unless the Borrower has duly
notified ICICI Bank in writing of any changes to the address, email or mobile number. The Borrower agrees to assume the entire
risk of non-delivery by reason of any electronic error, telecom service provider error or otherwise. All notices to the Lender shall be
sent to the registered office or the corporate office of the Lender. No notice or communication to ICICI Bank shall be effective
unless actually received and acknowledged by Bank.

I agree and accept all the Terms and Conditions applicable to the Facility.
For MR.S DHANASEKAR

Signature :________________

Name of Authorized Signatory:MR.S DHANASEKAR

Date:20/07/2024
 ANNEXURE - I
ICICI BANK DIRECT DEBIT MANDATE FORM
Application ID : SAOD1887058
IP Address : 2401:4900:67b4:e4e4:147:e844:cb84:5416
Date : 20/07/2024

From
Applicant Name : MR.S DHANASEKAR
Address : NO 50 LIG,NH1,THAUIMANAVER STREET

To
ICICI Bank Limited,
Branch,, City.
Ref: Account No.:027501518833
Dear Sir,
I wish to avail an insta overdraft facility ("Facility") from ICICI Bank Limited ("ICICI Bank") pursuant to the SAOD Application Form
(No. SAOD1887058 dated 20/07/2024) (the "Application Form") submitted to ICICI Bank on upon the terms and conditions
applicable to the Facility. Upon acceptance of Application Form, I hereby authorize ICICI Bank to debit the above mentioned
account for repayment of the Facility and servicing the interest (at the applicable rate) with relation to the Facility.
The debit mandate shall be operative until due payment and receipt by you of all amounts due payable to you in terms of the Terms
and Conditions applicable to the Facility.
I, the undersigned, declare that I am the sole proprietor carrying on business in the name and style of the MR.S
DHANASEKARand I am solely responsible for the conduct of the affairs of the firm.
For MR.S DHANASEKAR
Signature :_________________
Name of Authorized Signatory: MR.S DHANASEKAR
Date: 20/07/2024
MOST IMPORTANT TERMS AND CONDITIONS
1./We have understood Schedule of Charges applicable to the product variant opted by me/us. I/We also understand that
there is no minimum Monthly Average Balance (MAB) to be maintained in the account for the product and hence, there are no
charges for non-maintenance of Monthly Average Balance (NMMAB).

Cash Deposit Base I r r e g u l a r due to R T G S / N E F T / Cheque Leaves per Cheque Leaves per
location Rs drawings b e y o n d payments month (nos.) month (nos.)
DP/Limit

5,000,000 500,000 Free Free Free

2. I/We also confirm that I/We have read the Standard Terms & Conditions at https://bit.ly/2G46L2a applicable to Insta
Overdraft Facility (InstaOD) which details the terms governing account operations and am/are in possession of the Schedule
of Charges, which is also present at https://bitly.ws/3aDLr, that specifies the charges applicable for InstaOD as mentioned
("Schedule of Charges")
3. I/We confirm that we have gone through the Schedule of Charges as applicable for InstaOD and are aware of the free
limits, charges beyond free limits, free services & other charges.
4. I/We hereby authorize ICICI Bank to send me mobile or E-mail alerts, as the case maybe, on the mobile number/E-mail Id
mentioned on InstaOD application form/bank records, in accordance with the terms thereof.
5. I/We confirm receipt of copy of this Most Important Document (mid) for my records.
6. I/We hereby expressly authorize and give consent to ICICI Bank to, disclose, transfer or part with any of my/our information,
(including location), or any other device information when ICICI Bank considers such disclosure as necessary, with:

a. Agents of ICICI Bank, ICICI Banks group entities/ in any jurisdiction;

b. Auditors, credit rating agencies/credit bureaus, statutory/regulatory authorities, governmental / administrative

authorities, Central Know Your Customer (CKYC) registry or SEBI Know Your Client registration agency, having jurisdiction over ICICI
or its group entities;

c. Service providers, or such person with whom ICICI Bank contracts or proposes to contract;

(Collectively referred to as Permitted Persons)

For the purposes of:

i. Provision of the facility and completion of on-boarding formalities; or

ii. Complying with KYC requirements; or

iii. Compliance with applicable laws or any order (judicial or otherwise), statutory/regulatory requirement; or

iv. For credit review of facilities availed; or

v. Authentication or verification; or

vi. Research or analysis, credit reporting & scoring, risk management, participation in any telecommunication; or

vii. Electronic clearing network and for use or processing of the said information/data.

v. Disclosing any default in payment, for the purposes of recovering such amounts.

7.For detailed privacy policy of ICICI Bank, please visit https://www.icicibank.com/privacy.page.

Consumer education literature for concepts of special mention accounts (SMA)
and non-performing assets (NPA) classification

Reserve Bank of India (RBI) periodically issues guidelines to lending institutions on income
recognition and asset classification. ICICI Bank (the Bank) offers various types of loans and
asset related services to its customers, as per internal policies of the Bank and in
compliance with the RBI guidelines.

It is important for customers to repay their loan dues on time to maintain a healthy credit
score.

A. Irregular/overdue accounts

The loans/credit facilities granted by the Bank have a pre-fixed repayment schedule as
mentioned in the loan agreements, loan statements, communications or other related
documents.

The loan account is considered as ‘irregular/overdue’ by the Bank, if the principal

amount of loan, interest thereon, equated monthly installment (EMI) or minimum amount
due on credit card is not paid on the due date.

For instance, if due date for a loan account is March 31, 2022 and full dues are not received
on the same date, the date of irregularity (overdue) shall be March 31, 2022.

B. Special mention accounts (SMA) reporting

The irregular/overdue accounts are classified as SMA (reporting at borrower level) as

follows:

Loans other than revolving Loans in the nature of revolving

facilities facilities like cash credit/overdraft
SMA sub- Principal or interest payment Outstanding balance remains continuously in
categories or any other amount wholly excess of the sanctioned limit or drawing
or partly overdue power, whichever is lower, for a period of:
SMA-0 Upto 30 days Not applicable
SMA-1 More than 30 days and upto 60 days
SMA-2 More than 60 days and upto 90 days
 2

Example: If the due date for a loan account is March 31, 2022 and the entire dues are not
paid by the borrower, the account would be reported as:

SMA-0: During March 31, 2022 to April 29, 2022

SMA-1: During April 30, 2022 to May 29, 2022
SMA-2: During May 30, 2022 to June 28, 2022

The Bank reports to RBI the asset classification including SMA status at month-end to
Central Repository of Information on Large Credits (CRILC) for all borrowers with
aggregate exposure of ₹ 50.0 million or above on a monthly basis. The Bank also submits
a weekly report of instances of default by borrowers (with aggregate exposure of ₹ 50.0
million and above) at the end of business hours on every Friday, or the preceding working
day, if Friday happens to be a holiday.

Further, the overdue position for the loan accounts is also reported to credit bureaus.

C. Classification of non-performing asset (NPA)

1) Based on ageing of irregularity/overdues

As per RBI guidelines (issued on October 1, 2021), a non-performing asset (NPA) is a loan
or an advance where:

 interest and/or instalment of principal remains overdue for a period of more than 90
days in respect of a term loan,
 the account remains ‘out of order’, in respect of an Overdraft/Cash Credit (OD/CC),
 the bill remains overdue for a period of more than 90 days in the case of bills purchased
and discounted,
 the instalment of principal or interest thereon remains overdue for two crop seasons
for short duration crops,
 the instalment of principal or interest thereon remains overdue for one crop season for
long duration crops,
 in respect of derivative transactions, the overdue receivables representing positive
mark-to-market value of a derivative contract, if these remain unpaid for a period of 90
days from the specified due date for payment.

An account is treated as 'out of order' if:

 the outstanding balance in the CC/OD account remains continuously in excess of the
sanctioned limit/drawing power for 90 days, or
 the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing
power but there are no credits continuously for 90 days, or
 3

 the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing
power but credits are not enough to cover the interest debited during the previous 90
days period. The ‘previous 90 days period’ for determination of ‘out of order’ status of
a CC/OD account shall be inclusive of the day for which the day-end process is being
run.

2) Restructuring

Restructuring is an act in which lending institutions grant a concession to the borrower

under financial difficulty for economic or legal reasons. Restructuring may involve
modification of terms of the advances/securities, which would generally include, among
others, alteration of payment period/payable amount/the amount of instalments/rate of
interest, roll over of credit facilities, sanction of additional credit facility/release of
additional funds for an account in default to aid curing of default/enhancement of existing
credit limits, compromise settlements where time for payment of settlement amount
exceeds three months.

In case of restructuring, a loan account classified as 'standard' is immediately downgraded

to NPA.

However, accounts restructured under specific scenarios like project under

implementation, natural calamity, Resolution Framework for Covid-19 related stress are
considered as ‘standard’ and not downgraded to NPA as per the RBI guidelines.

3) Other reasons for NPA classification

 Non-commencement of commercial operations within the scheduled date and the

grace period permitted by RBI.
 Detection of fraud in the loan account.
 Accounts identified as NPA as per host-country norms followed by overseas branches
of the Bank.
 Non-review/renewal of working capital credit limits within 180 days from the due date
of previous sanction.

If a loan account of a borrower is classified as NPA, all other accounts of the same
borrower/co-borrower are also classified as NPA, irrespective of overdue status in other
accounts.

Advances against term deposits, National Savings Certificates (NSCs) eligible for
surrender, Indira Vikas Patra (IVPs), Kisan Vikas Patra (KVPs) and life policies are not
identified as NPAs, provided adequate margin is available in the accounts.
 4

Based on the ageing of the loan as NPA, the accounts are further classified as:

Class Description
Sub-standard An account that is non-performing for a period not exceeding 12
months
Doubtful An account that has remained in the sub-standard category for more
than 12 months
Loss An account which is considered uncollectible and of such little value,
that its continuance as a bankable asset is not warranted although
there may be some salvage or recovery value

D. Upgrade from NPA

The loan accounts which are classified as NPAs due to overdue/irregular criteria are
upgraded to ‘standard’, if the borrower pays off the entire arrears of interest and principal
for all loan facilities availed from the Bank and CC/OD accounts are not in ‘out of order’
status.

The loan accounts classified as NPAs after restructuring or other reasons are upgraded
based on the subsequent performance of these accounts.

E. Example for SMA/NPA status

Loan facilities other than in the nature of CC/OD accounts:

1. All dues paid

Date Charged Recovery DPD* Status Remarks

(`) (`)
Mar 31, 2022 1,000 1,000 0 Regular No overdues
*DPD: days-past-due

2. No dues paid

Date Charged Recovery DPD Status Remarks

(`) (`)
Mar 31, 2022 1,000 - 1 SMA-0 Overdue position
Apr 30, 2022 1,100 - 31 SMA-1 Overdue position
May 30, 2022 - - 61 SMA-2 Overdue position
May 31, 2022 1,150 - 62 SMA-2 Overdue position
Jun 29, 2022 - - 91 NPA1 Asset classification
1. Agriculture loans would be reported as NPA after 365 DPD, till then the accounts would be reported as
SMA-2.
 5

3. Partial dues paid (during SMA)

Date Charged Recovery DPD Status Remarks

(`) (`)
Mar 31, 2022 1,000 - 1 SMA-0 Overdue position
Apr 30, 2022 1,100 800 31 SMA-1 Overdue for Mar
May 25, 2022 - 500 26 SMA-0 Overdue for April
May 31, 2022 1,150 - 32 SMA-1 Overdue for April
Jun 28, 2022 - 1,000 29 SMA-0 Overdue for May
Jun 30, 2022 900 - 31 SMA-1 Overdue for May
Note: 1. The SMA status may be upgraded on payment of dues by the borrower.
2. The appropriation of recovery would be done for the oldest overdue as per first-in-first-out (FIFO) basis.

4. Partial dues paid (after NPA)

Date Charged Recovery DPD Status Remarks

(`) (`)
Mar 31, 2022 1,000 - 1 SMA-0 Overdue position
Apr 30, 2022 1,100 - 31 SMA-1 Overdue position
May 30, 2022 - - 61 SMA-2 Overdue position
May 31, 2022 1,150 - 62 SMA-2 Overdue position
Jun 29, 2022 - - 91 NPA Asset classification
Jun 30, 2022 - 3,000 31 NPA All dues not cleared
Note 1. The account classified as NPA is upgraded only when the borrower pays off the entire arrears of
interest and principal for all loan facilities availed from the Bank.

Loan facilities in the nature of CC/OD accounts:

1. Out of order (CC/OD accounts) - Not enough credits in the account in last
90 days

Date Debit (`) Credit (`) Status Remarks

Mar 31, 2022 1,000 -
Apr 1, 2022 - 1,000
Apr 30, 2022 1,050 -
May 1, 2022 - 1,050
May 31, 2022 1,025 -
Jun 29, 2022 - - NPA Total interest debits in 90 days:
` 3,075, total credits: ` 2,050
 6

The above examples are illustrative covering common scenarios and not exhaustive and
subject to change based on the RBI guidelines. The asset classification of the borrowers
would be determined based on the prevailing RBI guidelines including Master Circular
issued by RBI on income recognition, asset classification and provisioning pertaining to
advances.

F. Clarifications

The borrowers may contact their relationship manager, branches or customer care for
further clarifications about the overdue/irregularity details and related implications.