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Bank Customers ALERT! Bank to revise ATM, cash transactions, chequebook charges from THIS date, know here

The bank has issued a notice on its revised limits of cash transactions, ATM interchange and chequebook charges to come into effect from August 1.

ICICI Bank domestic savings account holders, here’s an important piece of news for you. The bank has issued a notice on its revised limits of cash transactions, ATM interchange and chequebook charges to come into effect from August 1. The revision in the limits of Cash Transaction Charges will be according to the account types.

Regular Savings/ Salary Accounts and Variants

Cash Transaction Charges (Cumulative of Deposit and Withdrawal)

1) Number Limit (Sum total of deposits and withdrawals); 4 free cash transactions, per month. Charges above free limits: Rs 150, per transaction

2) Value Limit (Sum total of deposits and withdrawals); The value limit is inclusive of both the home and non-home branch transactions

a) Home Branch (Branch where the 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 transaction (Sum total of deposits and withdrawals) – Up to a limit of Rs 25,000 per day – Rs 150, per transaction. Above Rs 25,000 is not permitted.

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 Charges (Cumulative of Deposit and Withdrawal)

1) Number Limit (Sum total of deposits and withdrawals); 4 free cash transactions, per month. Charges above free limits: Rs 150, per transaction

2) Value Limit (Sum total of deposits and withdrawals); The value limit is inclusive of both the home and non-home 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 transaction (Sum total of deposits and withdrawals) – Up to a limit of Rs 25,000 per day – Rs 150, per transaction. Above Rs 25,000 is not permitted.

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.

Gold Privilege Savings / Salary Accounts

Cash Transaction Charges (Cumulative of Deposit and Withdrawal)

1) Number Limit (Sum total of deposits and withdrawals); 5 free cash transactions, per month. Charges above free limits: Rs 150, per transaction

2) Value Limit (Sum total of deposits and withdrawals) The value limit is inclusive of both the home and non-home branch transactions. Rs 1 lakh. Free per month per account.

3) Above Rs 1 lakh – Rs 5 per Rs 1,000, subject to a minimum of Rs 150 (Inclusive – Self and Third party).

ATM Interchange (Transactions at Non-ICICI Bank ATMs) Charges: Silver, Gold, Magnum, Titanium & Wealth variants

1) First 3 transactions (inclusive of financial and non-financial) in 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) in a month – Free.

2) First 5 transactions (inclusive of financial and non-financial) in all other locations, in a month – Free.

3) Maximum of 5 transactions free in a month, with a cap of 3 free transactions in 6 metro locations.

4) Thereafter, Rs 20 per financial transaction and Rs 8.50, per non-financial transaction.

Revision in free payable-at-par cheque leaves limit: All chargeable variants

Nil for 25 payable-at-par cheque leaves in a year; Rs 20 for every additional cheque book of 10 leaves.

Goods and Services Tax (GST) at prevailing rates, applicable over and above the listed charges. Exclusion: Any exclusions identified by the Bank.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ praveshmaurya24@gmail.com
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