Miles Split Ratio Module means the ratio offered by ICICI Bank in which the InterMiles earned on Qualifying Expenses are split between the Business and JetPrivilege member (company and employee). The available MSRMs are 75:25, 50:50 or 25:75, the company chooses an MSRM out of these options. For example, MSRM 75:25 specifies InterMiles split into 75% to the cardholder and 25% to the company. If your company has opted for this MSRM and you earn 1,000 InterMiles on Qualifying Expenses, 750 InterMiles will be credited into your JetPrivilege account and 250 InterMiles will be credited into your Company’s Business Rewards+ Account.
The InterMiles earned by your company are transferred to the Company’s Business Rewards+ account and your InterMiles are transferred to your individual JetPrivilege account. The MSRM needs to be chosen while enrolling for the programme and cannot be modified later.