There is no denying of the fact that online shopping, whether it’s for daily essentials or luxury items, has caught the imagination of over a 100 million Indians connected over the internet and is seen to be the most convenient way of getting all that you need. At the mere click of a button.
Shopping online through tabs or mobiles has now become second in nature to most urban Indians where swiping a card to book tickets, hotels, make purchases or paying bills is normal and considered far more convenient as it eliminates the need to physically go to a bank or a travel agent or a shop which are time-consuming.
Now imagine how delightful it will be if you get rewarded each time you use your card to transact online. This essentially is the concept around which ICICI Bank’s, ‘MySavings Rewards’ is built. It’s designed to help you accumulate points every time you perform any of the following transactions through your ICICI Bank savings account.
1) Activate internet banking with ICICI Bank- you get 100 points for the first time when you login to your net banking account
2) Shop online- you get 1 point for every Rs. 100 spent online using internet banking. If you ensure that your minimum purchase value is Rs. 200 or more, then you stand to earn 100 points for every transaction
3) iDirect account- you stand to gain 100 points for every time you activate an ICICI direct account and link it to your savings account
4) Pay bills with internet- Get 10 points every time you pay a registered biller through your ICICI Bank Savings account using internet banking
5) Set auto debit for recurring deposit- Get 100 points on every new direct debit from your ICICI Bank savings account towards your recurring deposit
6) Activate iMobile- Get 100 points just to activate and login to iMobile
7) Shop on iMobile- Get 1 point on every Rs. 100 spent using iMobile. Just ensure that your minimum purchase value is Rs. 200 or more and you can earn upto 100 points on every transaction
8) Add members to family banking- Consolidate your family banking accounts, create a Family banking id and get 400 points every time you add a new account to your Family banking id
9) Set auto debit for your home loan, auto loan and personal loan- Get 10 points on Rs. 1 lakh of disbursement every month for 12 months from the first pre EMI or EMI from your ICICI Bank Savings account
10) Shop with debit card- Use your debit card and get 2,3,4,6 or 10 points per Rs. 200 spent depending on the debit card type
11) Load travel card- Get 100 points on minimum debit of Rs. 25,000 through your ICICI bank Savings account for loading ICICI Bank Travel Card. Earn 50 points on additional debit of Rs. 10,000
12) Outward remittance- Earn 100 points on minimum debit of Rs.75,000 through ICICI Bank Savings account for outward remittance. Earn 100 points on additional debit of Rs. 25,000
ICICI Bank’s MySavings Rewards has an exclusive tie up with a multi brand loyalty programme called PAYBACK. You can accumulate reward points for performing any of the above mentioned transactions and then redeem them at any of the PAYBACK partner outlets like Central, Pantaloons and Big Bazaar etc. or on PAYBACK online partner websites like makemytrip.com, futurebazaar.com, bookmyshow.com etc. To get the complete list of merchant outlets where you can redeem your MySavings Rewards points, please click here.
MySavings Rewards is a detailed loyalty programme designed for customers to help them derive the maximum value out of banking with ICICI Bank. To know what’s in store for you, it’s best to get started right away! Happy shopping!
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My name is Alisha Shah and I am a 21 year old Business major with a passion for writing on innovative, new financial tools in the market.
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