
ICICI Bank, one of India’s leading financial institutions, has recently announced changes to its savings account service charges. These changes will affect various banking services, including debit card fees, cash transactions, cheque-book issuance charges, and more. The revised rates will come into effect from May 1, 2024.
Debit Card Fees
Under the revised charges, ICICI Bank will charge an annual fee of Rs 200 for debit cards used at regular locations. For Gramin locations, the fee will be Rs 99 per year.
Cheque Book Charges
The first 25 cheques used annually will be free of charge. After using these cheques, a charge of Rs 4 per leaf will apply. It’s important to note that there is a transaction cap set at Rs 25,000.
Cash Transaction Charges at Home Branch
The first 3 cash transactions per month at the home branch will be free of charge. However, any transactions exceeding this limit will incur a charge of Rs 150 per transaction. Additionally, a fee of Rs 5 per Rs 1,000 will apply for amounts beyond the free limit of Rs 1 lakh per month or Rs 150.
Cash Transaction Charges at Non-Home Branch
For cash transactions at non-home branches, a charge of Rs 5 per Rs 1,000 will apply for amounts exceeding Rs 25,000 per day or Rs 150, whichever is higher. Third-party cash transactions will be subject to a fee of Rs 150 per transaction, with a transaction cap of Rs 25,000.
DD / PO Cancellation / Duplicate / Revalidation Service Charge
ICICI Bank will charge Rs 100 per instance for services related to Demand Draft (DD) or Pay Order (PO) cancellation, duplication, or revalidation.
IMPS Transaction Charges
For Immediate Payment Service (IMPS) transactions, the charges will range from Rs 2.50 to Rs 15 per transaction. The specific charges depend on the transaction amount.