The protection is part of Visa's zero liability programme.
"Visa's zero liability programme addresses cardholder concerns on fraudulent or unauthorised transactions and enhances consumer confidence in using payment cards," Santanu Mukherjee, Visa International South Asia country manager said.
ICICI Bank is the first bank in the Asia Pacific region to adopt Visa's global zero liability programme for its debit cardholders in India, the statement said.
More than seven million visa debit cards of ICICI Bank will be protected against any claim if the card is misused, the statement added.
Besides India, Visa zero liability is available to cardholders in markets such as US and Canada.