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Business News/ Money / Personal Finance/  ICICI Bank accountholders alert! These 10 service charges to change from next month. Details here
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ICICI Bank accountholders alert! These 10 service charges to change from next month. Details here

ICICI Bank updates savings account service charges with a new fee structure effective from May 1, 2024, including charges for chequebook issuance, IMPS transactions, and more

As per the ICICI Bank's website, these changes will come into effect from May 1, 2024Premium
As per the ICICI Bank's website, these changes will come into effect from May 1, 2024

ICICI Bank has updated its savings account service charges, effective from next month. Notable changes include revised fees for chequebook issuance, IMPS transactions, and more. Highlights of the new fee schedule include an annual charge of 200 for debit cards at regular locations and 99 for Gramin locations. As per the ICICI Bank's website, these changes will come into effect from May 1, 2024

A look at services charged that have been revised by ICICI Bank

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.

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Effective from May 1st, 2024, certain charges apply for various banking services

DD / PO Cancellation / Duplicate / Revalidation

100 per instance.

IMPS Outward

Up to 1,000: 2.50 per transaction.

1,001 to 25,000: 5 per transaction.

Above 25,000 to 5 lakh: Rs15 per transaction.

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.

Photo attestation

100 per application/letter.

Signature attestation

100 per application/letter.

Address confirmation: Nil.

Inoperative account: Nil.

Stop Payment charges

Particular cheque: 100.

Stop Payment Charges - ECS: Not applicable.

Lien marking and unmarking of savings account: Nil.

Locker Rent

Annual locker rentals vary based on locker size and branch location.

 

ICICI Bank locker charges
View Full Image
ICICI Bank locker charges

Reissue of Internet user id or password: Not applicable.

Standing Instructions Setting-up-charge: Nil.

Address change request at branches: Nil.

National Automated Clearing House (NACH) Mandate: One-time mandate authorization charges (physical): Nil.

ECS / NACH Debit Returns

500 per instance for financial reasons. Maximum recovery of up to 3 instances per month for the same mandate.

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ABOUT THE AUTHOR
Sangeeta Ojha
A business media enthusiast. Writes on personal finance, business and banking.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 20 Apr 2024, 10:24 AM IST
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