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Business News/ News / India/  ICICI Bank revises fees on credit cards; to charge up to Rs1,200 on late payment
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ICICI Bank revises fees on credit cards; to charge up to Rs1,200 on late payment

The bank has also revised late fee charges for all cards excluding Emerald

ICICI Bank charges for credit card  (REUTERS)Premium
ICICI Bank charges for credit card  (REUTERS)

ICICI Bank has revised charges for credit cards effective from February 10. Now, for all cash advance, the bank will charge transaction fee on all cards of 2.50%, subject to minimum of 500. The lender has also fixed charge of 2% of total amount due (minimum 500) for return of cheque and auto-debit.

The bank has also revised late fee charges for all cards excluding Emerald.

Now, if a due amount is less than 100, there will be no late fee. 100 will be charged for due amount between 100- 500, 500 for due amount of 501- 5000; 750 for due upto 10,000; 900 for upto 25000; 1000 for up to 50,000 and 1200 for due up to 50000.

In addition, 50 plus GST will be debited from customer's saving bank account.

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Published: 08 Jan 2022, 07:59 PM IST
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