ICICI Bank has partnered with Citta to give our clients seamless banking experience through Connected Banking, a platform for making payments to your vendors and automate reconciliation of your accounting entries.ICICI Bank is a leading private sector bank in India. The Bank's consolidated total assets stood at Rs. 13.77 trillion at March 31, 2020. ICICI Bank currently has a network of 5,324 branches and 15,688 ATMs across India.ICICI Bank's API Banking Services offers Citta a full range of receivable, payable and reconciliation services to meet Corporate's complex cash management needs. Payments received from various entities and made to suppliers are efficiently processed to optimize your cash flow position and to ensure effective management of the operations of Corporates business.
They are approved as a sponsor bank by National Payments Corporation of India (NPCI) for using "National Automated Clearing House (NACH)" e-Mandate System which would facilitate usage of making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium etc.
