ICICI Bank launches ‘Campus Power’, a digital platform for the student ecosystem

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ICICI Bank
  • First-of-its-kind comprehensive platform for students aspiring to pursue higher studies in India and abroad
  • Provides banking and value-added services to students, parents, and institutes
  • Customers of any bank can avail of the services
  • Branches dedicated to the student ecosystem are being set up

MUMBAI: ICICI Bank today announced the launch of a digital platform to address the needs of the students aspiring to pursue higher education in India and abroad. Called ‘Campus Power’, the one-stop platform caters to the varied needs of the entire student ecosystem comprising students, parents, and institutes. It offers both banking and value-added solutions in one place, eliminating the need for the student ecosystem to contact multiple stakeholders. It is available for anyone including customers of other banks.

A first-of-its-kind initiative, ‘Campus Power assists users to explore financial products matching their needs ranging from bank accounts including overseas accounts, education loans,s, and its tax benefit, foreign exchange solutions, payment solutions, cards, other loans, and investments. Further, the platform provides information regarding a host of value-added services related to higher studies in India and foreign countries including Canada, the UK, Germany, the USA, and Australia. The impaneled partners provide value-added services on courses/ universities, destinations, admission counseling, test preparation, overseas accommodation, and travel assistance.

Speaking on the launch, Mr. Sudipta Roy, Head – Unsecured Asset, ICICI Bank said,

“We at ICICI Bank, believe in customer centricity and constantly try to enhance our offerings with the evolving market expectations. We have observed the education lifecycle in-depth to understand the diverse needs of students in various stages of their life. We have found out from our research that students, their parents, and institutions grapple with the challenge of interacting with multiple stakeholders to resolve issues related to their higher studies. This assumes importance with an increasing number of students opting for higher studies in India and abroad. Hence, we have decided to launch ‘Campus Power’ to bring all education-related services under one umbrella.

We are launching ‘Campus Power’ just before the start of the fall season abroad and the beginning of the next academic year in India. This initiative caters to the student ecosystem by providing them with digital, personalized, and comprehensive solutions. We believe that the benefits of our products and services should be available to all students and their parents, irrespective of whether they are ICICI Bank customers or not. With this launch, we wish to provide a holistic experience to the students and their parents and assist them in fulfilling their dreams.”

In order to complement the digital efforts, ICICI Bank is setting up branches dedicated to the student ecosystem. The first branch has been set up at IIT Kanpur and seven more will be added to the campus of top premier institutes across the country. These full-service branches house multi-functional teams with rich expertise to cater to the entire student ecosystem efficiently.

The ‘Campus Power’ offers a host of banking as well as value-added features to students, parents, and institutes:

  • It offers 360-degree curated solutions to students who are aspiring to go for higher studies in India and abroad. The services include funding education, assistance in finding out the course and the university, helping students to prepare themselves for tests, offering debit/credit cards, and creating an overseas student account.
  • To support the child’s education journey, ‘Campus Power’ offers parents education loans and remittance services. Moreover, it has other solutions for them in terms of savings accounts, investment products, travel, and health insurance.
  • It provides institutes and international schools with various products and services under one umbrella to facilitate all the financial needs including funding, payments, collections, investments, and insurance. 

‘Campus Power’ also provides value-added services for which the Bank has collaborated with reputed companies. These partners include IDP Education (for admission counseling, information on universities, and online test prep), the British Council (for IELTS preparation and English language improvement courses), Casita (for accommodation solutions), and EaseMyTrip (for travel booking). All these services are available on ‘Campus Power’ itself.

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