ICICI Pay Later – Charges, Customer Care, Activation

ICICI Pay Later Review – Are you looking for an easy and secure Pay Later option in India? Introducing ICICI Bank Pay Later – India’s leading payment solution that makes online shopping more convenient and secure. With ICICI Bank Pay Later, you can shop online without having to worry about carrying cash or waiting for your credit card to arrive.

This review guide will provide you with all the information you need to know about ICICI Bank Pay Later, from how to activate an account to the various benefits it offers. Get ready to make your online shopping experience easier and more secure with ICICI Bank Pay Later!

Table of Content

The Overview of ICICI Bank PayLater

ICICI Pay Later is an innovative payment solution developed by ICICI Bank, one of India’s leading banks. The service allows customers to make online purchases without having to pay upfront. Instead, customers are given the option to repay their purchases within a 45 days interest-free period.

This makes it easier for customers to make large purchases without having to worry about the financial burden of paying for it all at once.

ICICI Pay Later works by allowing customers to register for the service and link it to their existing ICICI Bank account. Once a customer has registered, they can then use the service to make purchases from any online store that accepts ICICI Pay Later as a payment option.

ICICI Pay Later Highlight Keys

EligibilityICICI Bank savings account Holder
Popular MerchantsMakeMyTrip, Yatra, Myntra, ClearTrip, GoMechanic, Nestaway, Asian Paints, and other 40k merchants
Credit LimitThe Pre-approved credit limit of up to Rs. 1 lakh
Payment FlexibilityPay later in a single transaction or in installments
Interest RateFree Interest Period up to 45 Days
Virtual Credit CardUse a virtual credit card for online or offline purchases
EnrolmentEnroll through ICICI Bank mobile app or Internet banking portal
RepaymentRepay the full amount or minimum amount due
ChargesActivation fees and late payment charges may apply
BenefitsThe Convenience of credit without the need for a physical credit card

What is ICICI Pay Later?

ICICI Bank Pay Later is one of the revolutionary digital payment solutions from ICICI Bank that allows customers to make purchases without having to pay upfront. The product is designed to make online shopping easier and more convenient for customers.

It enables customers to purchase goods and pay their bills online without having to pay immediately. Instead, customers can pay for their purchases in 45 days.

it allows credit lines up to Rs. 1 Lac with 45 Days Interest-Free Period.

The ICICI Bank Pay Later product is available to customers who have an ICICI Bank account. Customers can use the product to purchase goods, pay bills, buy, scan&pay, UPI, and services online from participating more than 40,000 merchants.

there are popular brands such as MakeMyTrip, yatra, asian paints, and many more.

The product is designed to be easy to use and secure. Customers can use the product to make purchases without having to enter their credit card or debit card details.

The product also offers customers a range of benefits. Customers can use the product to purchase goods and services without having to pay immediately. Instead, customers can pay for their purchases at a later date. This allows customers to manage their finances better and avoid any unnecessary financial stress.

The product also offers customers a range of rewards and discounts. Customers can earn rewards points every time they make a purchase using the product. These points can be redeemed for a variety of rewards, including cashback, discounts, and vouchers.

How to Activate ICICI Pay Later

To Activate ICICI Pay Later, you will need to have an ICICI Bank account. If you do not have an ICICI Bank account, you can open one online or visit your nearest ICICI Bank branch. Once you have an ICICI Bank account, you can then Apply for ICICI Pay Later.

  1. To sign up for ICICI Pay Later, You have to log in to your Internet banking account on ICICI Bank’s official website or you can use ICICI Bank to activate the pay later service.
  2. you will need to provide some basic information such as your name, email address, mobile number, and ICICI Bank account number
  3. After that, you have to Check your pre-filled personal details and select the ‘Savings Account’ number that you want to link with PayLater Service. You have to click on Auto Debit Function to complete the activation of your credit line by ICICI Bank.
  4. Now, ICICI Bank automatically offers a credit line up to Rs 50,000. that you can use up to 45k merchants in India.

The Benefits of Using Pay Later by ICICI Bank

No physical credit card requiredCustomers can make payments online without having to enter their credit card information. You can use a virtual credit card to make online or offline purchases.
Cashback and RewardsICICI Pay Later offers several cashback and rewards programs that can help you to save money. Make sure to take advantage of these programs
Scan & PayYou can Pay by Your Credit line by Scanning Any QR Merchants in India
Pay BillsYou can pay Your Utility Bills such as Water, Electricity, Mobile, DTH, And More by using Pay later
No interest charges for timely paymentsIf you pay back the full amount on time, there will be no interest charges. This means you can enjoy credit at no extra cost.
Multiple payment optionsCustomers can choose to re-pay by debit card, credit card, net banking, or even UPI. However, your billing outstanding amount will automatically be deducted on the due date.

What Are The ICICI Pay Later Charges And Fees

The ICICI Pay Later charges and fees are quite minimal. Customers are not charged any interest for using the service. However, customers are required to pay a one-time registration fee of Rs. 500 + GST. This fee is charged when the customer first registers for the service.

Charges and FeesDetails
Activation feesA one-time activation fee of Rs. 500 + GST may charge at the time of enrolment
Interest RateFree Interest Rate Period Up to 45 Days
Billing Cycle 1st of the Month
Late Payment Feefixed late payment charges
Service chargeRs.75 + applicable taxes are levied on every Rs. 3000 and more monthly spent
Transaction FeeA transaction fee may be charged for certain transactions, such as cash withdrawals or balance transfers. The fee amount may vary and will be communicated to you
GSTGoods and Services Tax (GST) may be applicable on the above charges and fees

ICICI Pay Later Eligibility

In order to use ICICI Pay Later, customers must meet certain eligibility criteria. The eligibility criteria for ICICI Pay Later are as follows:

Eligibility CriteriaDetails
ICICI Bank CustomerYou must be a customer of ICICI Bank
Savings Account HolderYou must have an ICICI Bank savings account
AgeYou must be at least 18 years old
Credit ScoreYour credit score and credit history will be evaluated by ICICI Bank
Employment StatusYou should have a steady source of income
IncomeThe customer must have a minimum monthly income of Rs. 15,000

Frequently asked questions (FAQ)

What is the ICICI Pay Later Customer Care Number?

There are the following ways to contact ICICI Bank, The Customer Care Number is 1860 120 7777, You can email them via [email protected] Or You can

What is The ICICI Pay Later Billing Cycle?

ICICI Bank generates a statement on the 1st of every month. moreover, they allow you to pay back within 45 days.

How to Close Pay Later Account in ICICI

To Close Your ICICI Pay Later Service, you can call to customer care number or you can email to [email protected] to request an account closure. Moreover, You can use iMobile Pay to request to close your Pay later.


Unlock the Benefits of ICICI Pay Later is the perfect guide to India’s leading payment option. With its easy-to-use platform, secure payment methods, and flexible payment options, it is the perfect choice for anyone looking to make payments quickly and securely.

With its wide range of features and benefits, ICICI Pay Later is the perfect payment solution for ICICI Bank Account Holders. So, if you’re looking for a safe, secure, and convenient way to make payments, ICICI Pay Later is the perfect choice for you.

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