ICICI Customer Alert! The bank will revise these service charges from August 1. All you need to know
ICICI Bank Alert! Are you an ICICI Bank customer? So here is an important update for you. ICICI Bank has issued a notice informing the revision of some of its service charges for domestic savings account holders.
The Bank is all set to revise the limits for cash transaction, ATM interchange and check book charges for domestic savings account holders.
This information has been mentioned by the bank on its website. These changes in service charge will be applicable from August 1, 2021.
The revision in the limit of cash transaction fee will be as per the account types.
Regular Savings / Salary Accounts and Type V
Cash transaction fee (cumulative of deposits and withdrawals)
1) Number limit (sum of deposits and withdrawals); 4 free cash transactions per month. Fee over and above the free limit: Rs. 150, per transaction
2) Price range (sum of deposits and withdrawals); Price range includes both domestic and non-domestic branch transactions
Cash transaction fee (cumulative of deposits and withdrawals)
1. Number limit (sum of deposits and withdrawals); 4 free cash transactions per month. Fee over and above the free limit: Rs. 150, per transaction
2. Price range (sum of deposits and withdrawals); The price range includes both domestic and non-domestic branch transactions.
- a) Home Branch (Branch where account is opened or ported) Rs.1 lakh. Free per month, per account. Above Rs 1 lakh – Rs 5 per Rs 1,000, subject to a minimum of Rs 150
- b) Non-Home Branch – No charges for cash transactions up to Rs 25,000 per day. Above Rs 25,000 – Rs 5 per Rs 1,000, subject to a minimum of Rs 150.
3. Third-party cash transactions (aggregate of deposits and withdrawals) – up to a limit of Rs 25,000 per day – Rs 150 per transaction. Not more than Rs 25,000 is allowed.
For Senior Citizen customers, Young Star/Smart Star accounts, while the limit of Rs 25,000 per day will be applicable, the accounts will not be charged.
Silver Savings/Salary Accounts
Cash transaction fee (cumulative of deposits and withdrawals)
1.Number Limit (Sum of Deposits and Withdrawals)
- 5 free cash transactions per month. Free Limit Exceed Fee: Rs 150 per transaction.
2. Price Limit (aggregate of deposits and withdrawals) The price range includes both domestic and non-domestic branch transactions.
- a) Home Branch (Branch where account is opened or ported) Rs.2 lakh. (From August 01, 2021 – Rs 1 lakh) per month free of cost. Above Rs 2 lakh (from 01 August 2021 – Rs 1 lakh) – Rs 5 per Rs 1,000, subject to a minimum of Rs 150
- b) Non-Home Branch – No charges for cash transactions up to Rs 25,000 per day. Rupee. Above 25,000 – Rs. 5 per Rs. 1,000, minimum Rs. under 150
3. Third Party Cash Transactions (aggregate of deposits and withdrawals) – up to a limit of Rs 25,000 per transaction – Rs 150 per transaction.
- For Senior Citizen customers, Young Star/Smart Star accounts, while a limit of Rs 25,000 per transaction will be applicable, the accounts will not be charged.
ATM interchange (transaction at non-ICICI Bank ATMs) charges: Silver, Gold, Magnum, Titanium and Wealth variants
- First 3 transactions (including financial and non-financial) in a month across 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) – Free
- First 5 transactions in a month at all other locations (including financial and non-financial) – Free
- Maximum 5 trucks free in a month with a maximum limit of 3 free trucks in 6 metro locations
- Thereafter, Rs 20 per financial transaction and Rs. 8.50 per non-financial transaction
Check Books: Revision of Free Payable-at-Para Check Leaves Limit
- Nil for 20 (from 01 August 2021 – NIL for 25) checks payable-at-par in one year;
- Rupee. 20 for each additional check book of 10 pages
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