ICICI Bank, nation's second largest lender has announced the launch of its new 'iPhone for Life' program.

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This initiative enables customers to purchase select iPhone models through a 24-month interest-free instalment plan along with monthly payments beginning at Rs 2,497.

In addition to the instalment option, it features a guaranteed buy-back offer for customers looking to upgrade their current iPhones.

ICICI Bank's Head of Cards and Payment Solutions, Anish Madhavan said the offer aims to make festive shopping special for customers.

Here are all the details of the offer:

- Up to Rs 5,000 instant cashback on iPhone 16 purchases made through ICICI Bank credit and debit cards
- Rs 2,500 cashback on Apple Watch purchases
- Up to Rs 1,500 instant cashback on AirPods purchases

How to claim the offer via online/offline store?

The offer is available at Apple-authorised reseller stores, including Aptronix, Imagine, Unicorn, Croma, Reliance, Vijay Sales, Poorvika, Sangeeta, and online platforms Amazon and Flipkart.