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ICICI Bank has announced that it will revise service charges on select savings account cash transactions from December 1, 2026. The bank has informed its customers about the changes through email. The revised charges will apply to customers who exceed the complimentary monthly cash transaction value limit.
ICICI Bank Cash Transaction Charges from December 1, 2026
Under the revised rules, ICICI Bank savings account holders will continue to get three free cash deposit transactions and three free cash withdrawal transactions every month. The monthly complimentary cash transaction value limit will also remain unchanged at Rs 1 lakh for deposits and Rs 1 lakh for withdrawals.
However, customers who exceed the complimentary value limit will have to pay higher charges. The charge will increase from Rs 3.50 to Rs 4 per Rs 1,000 of the applicable transaction value, or Rs 150, whichever is higher.
For example, if the applicable monthly cash transaction value is Rs 1.01 lakh, the customer will have to pay Rs 150 as charges. If the value is Rs 1.38 lakh, the charge will be Rs 152, based on the calculation method stated in the bank’s communication.
Existing and Revised ICICI Bank Cash Transaction Limits
The existing and revised complimentary limits are given below.
| Particulars | Existing Limit | Revised Limit from December 1, 2026 |
|---|---|---|
| Free cash deposit transactions | 3 per month | 3 per month |
| Free cash withdrawal transactions | 3 per month | 3 per month |
| Monthly free cash deposit value | Up to Rs 1 lakh | Up to Rs 1 lakh |
| Monthly free cash withdrawal value | Up to Rs 1 lakh | Up to Rs 1 lakh |
Which ICICI Bank Customers Will Pay Higher Charges?
The revised charges will apply to cash deposits and withdrawals at ICICI Bank branches and cash deposits made through cash recycler machines.
Customers who frequently deposit or withdraw large amounts of cash may have to pay higher charges from December 1, 2026. However, customers who stay within the applicable free transaction and value limits will not be affected by the increase.
