Banking sector : ICICI Bank launches ‘Mine’ for millennials

Banking sector : ICICI Bank launches ‘Mine’ for millennials

Question : ICICI Bank has recently announced the launch of India’s first comprehensive banking programme for millennial customers.What is the age group of these customers ?
(a) 18 years to 35 years
(b) 28 years to 55 years
(c) 8 years to 15 years
(d) None of the above
Answer (a)
Related facts

  • ICICI Bank has recently(5 November 2020) announced the launch of India’s first comprehensive banking programme for millennial customers.
  • The age group of these customers are 18 years to 35 years.
  • Inspired by ‘Millennial Network’, the proposition is called ‘ICICI Bank Mine’ and offers an instant savings account, a feature driven iMobile application that offers investment guidance to suit the demand of millennials, curated credit and debit card, instant personal loans & overdrafts, and even an experiential branch with social engagement space.
  • ‘ICICI Bank Mine’ also offers investment guidance to customers through a completely user experience focused iMobile application.
    key points of Mine
  1. It is the first-of-its-kind proposition in the industry
  2. It offers an instant savings account that a millennial can open online and start transacting immediately
  3. It also provides users access to a new-look mobile app that provides investment guidance
  4. It is bundled with the country’s first credit card with flexible monthly plans; offers instantaneous personal loan and overdraft facilities
  5. Even the branch format is different with an experiential engagement area

By — Pankaj Pandey.

Link:
https://www.icicibank.com/managed-assets/docs/about-us/2020/launches-mine-a-banking-stack-for-millennial-customers.pdf