ICICI Bank has recently announced updates to its savings account service charges, which are set to take effect from May 1, 2024.
These changes will impact various aspects of account maintenance and transactions, including debit card fees, chequebook issuance, and more.
Debit Card Fees
Annual Fee: ₹200 for regular locations, ₹99 for Gramin locations.
Cheque Books
Nil charges for the first 25 cheque leaves annually.
₹4 per leaf thereafter, with a transaction cap of ₹25,000.
Cash Transaction Charges
Home Branch:
₹150 per transaction after the first 3 free cash transactions per month.
₹5 per ₹1,000 beyond the free limit of ₹1 lakh per month or ₹150, whichever is higher.
Non-Home Branch:
₹5 per ₹1,000 for transactions above ₹25,000 per day or ₹150, whichever is higher.
Third-party cash transactions: ₹150 per transaction, with a transaction cap of ₹25,000.
Additional Charges
DD / PO Cancellation / Duplicate / Revalidation: ₹100 per instance.
IMPS Outward: Charges vary based on transaction amount.
Photo Attestation: ₹100 per application/letter.
Signature Attestation: ₹100 per application/letter.
Stop Payment Charges: ₹100 per particular cheque.
Notable Exemptions
Account closure: Nil
Debit Card PIN regeneration Charges: Nil.
Debit Card de-hotlisting: Nil
Balance Certificate: Nil.
Interest Certificate: Nil.
Retrieval of old transactional documents / Enquiries related to old records: Nil.
Address confirmation: Nil.
Inoperative account: Nil.
Locker Rent
Annual locker rentals vary based on locker size and branch location.
ECS / NACH Debit Returns
₹500 per instance for financial reasons. Maximum recovery of up to 3 instances per month for the same mandate.
These revisions in service charges aim to streamline banking services and ensure transparency in fee structures.
ICICI Bank encourages its accountholders to review the updated fee schedule to understand the changes and avoid any inconvenience.
