{"id":44108,"date":"2018-03-26T16:50:31","date_gmt":"2018-03-26T16:50:31","guid":{"rendered":"https:\/\/www.edristi.in\/?p=44108"},"modified":"2018-03-26T16:50:31","modified_gmt":"2018-03-26T16:50:31","slug":"instaod","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/instaod\/","title":{"rendered":"\u2018InstaOD\u2019"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Which of the following banks has recently introduced the Instant ODF facility?<\/strong><br \/>\n(a) Indian State Bank<br \/>\n(b) HDFC Bank<br \/>\n(c) ICICI Bank<br \/>\n(d) Axis Bank<br \/>\n<strong>Answer: (c)<\/strong><br \/>\n<strong> Related Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On 13th March, 2018, ICICI Bank, India\u2019s largest private sector bank by consolidated assets, announced the launch of an instant overdraft facility for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner.<\/li>\n<li>Christened \u2018InstaOD\u2019, this first-of-its-kind offering in the Indian banking industry enables a few lakhs of pre-qualified current account customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents.<\/li>\n<li>This facility significantly improves customers\u2019 convenience, as they get an overdraft facility upto Rs. 15 lakh for a year anytime, anywhere, using the bank\u2019s internet and mobile banking app.<\/li>\n<li>The application procedure incorporates an additional level of authentication in order to make the security of the process robust.<\/li>\n<li>ICICI Bank will also offer a facility of instant online sanction of overdraft facility to MSME customers of other banks shortly.<\/li>\n<li>Chanda Kochhar is the current MD &amp; CEO of ICICI Bank.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/www.icicibank.com\/aboutus\/article.page?identifier=news-icici-bank-announces-launch-of-instaod-the-countrys-first-online-and-instant-overdraft-facility-for-msmes-20181303113600093\" target=\"_blank\" rel=\"noopener\">https:\/\/www.icicibank.com\/aboutus\/article.page?identifier=news-icici-bank-announces-launch-of-instaod-the-countrys-first-online-and-instant-overdraft-facility-for-msmes-20181303113600093<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Which of the following banks has recently introduced the Instant ODF facility? (a) Indian State Bank (b) HDFC Bank (c) ICICI Bank (d) Axis Bank Answer: (c) Related Facts: On 13th March, 2018, ICICI Bank, India\u2019s largest private sector bank by consolidated assets, announced the launch of an instant overdraft facility for MSME (Micro, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":43916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-44108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/44108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=44108"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/44108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/43916"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=44108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=44108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=44108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}