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What is the tenure of SelectOD facility and what is the renewal process?

The tenure of the facility will be for 12 months from the date of limit setup and the facility is renewable at the end of 12 months at the discretion of ICICI Bank. ICICI Bank shall intimate eligible customers prior to expiry of overdraft limits giving the customer an option to extend the facility for a further period of 12 months. A non-refundable renewal processing fees of 2% of the OD amount excluding applicable taxes will be levied.