ICICI Bank has revised its service charges for certain transactions. Customers of the bank will face revised charges across a range of banking services, including demand drafts, ATM transactions at non-ICICI Bank ATMs in both metro and non-metro cities, cash deposit and withdrawal services, and debit card fees. The updated charges will come into effect from July 1, 2025.
Demand Draft (DD) charges
The new charge for demand drafts issued with cash, cheque, or transfer payment orders will be Rs 2 per Rs 1,000. However, there is a minimum charge of Rs 50 and a maximum limit of Rs 15,000 per transaction.
Transactions at non ICICI Bank ATMs in metro cities
Customers are eligible for three free transactions per month, including both financial and non-financial types, at ATMs situated in six major cities: Hyderabad, Bengaluru, Chennai, Mumbai, New Delhi, and Kolkata. Above this threshold, there would be fees of Rs 8.5 for non-financial transactions and Rs 23 for financial transactions.
At non-ICICI Bank ATMs in non-metro locations
Outside of these metro areas, up to five transactions (both financial and non-financial) are free every month. Charges after the free limit remain the same: Rs 23 for financial transactions and Rs 8.5 for non-financial transactions. However, the total number of free transactions at all ATMs is limited to five, with only three permitted in metropolitan areas.
International ATM transactions
Customers who withdraw money from ATMs outside of India would be charged Rs 125 each transaction, plus a 3.5% currency conversion cost. Non-financial transactions will cost Rs 25. Senior citizens are exempt from these fees.
Transactions at ICICI Bank ATMs
Customers get five free financial transactions per month at ICICI Bank ATMs. Beyond this, a charge of Rs 23 per financial transaction will apply. All non-financial transactions including balance inquiries, mini statements, and PIN changes are free. Senior citizens will not be charged.
IMPS outward transaction charges
For Immediate Payment Service (IMPS) outward transactions, the charges are levied based on the transaction amount. For amounts up to Rs 1,000, the charge is Rs 2.50 per transaction. For transactions above Rs 1,000 and up to Rs 1,00,000, a fee of Rs 5 is applicable. For transactions exceeding Rs 1,00,000 and up to Rs 5,00,000, the fee is Rs 15 per transaction.
Cash deposits at branches and CRMs
Customers are allowed three free cash deposit transactions per month at branches and Cash Recycler Machines (CRMs). Beyond this limit, each transaction will attract a charge of Rs 150. In terms of transaction value, deposits up to Rs 1 lakh per month are free. After crossing this limit, a charge of Rs 3.5 per Rs 1,000 or Rs 150, whichever is higher will apply. If the threshold of both number and value limit has been crossed for the same transaction, higher of the charges mentioned above pertaining to number limit or value limit will apply. Additionally, third-party cash transactions are restricted to Rs 25,000 per transaction for regular savings accounts.
Cash withdrawals at branches
Customers get three free withdrawals per month. Exceeding this will cost Rs 150 per transaction. Withdrawals exceeding Rs 1 lakh in value per month will incur Rs 3.5 per Rs 1,000 or Rs 150, whichever is higher. If the threshold of both number and value limit has been crossed for the same transaction, higher of the charges mentioned above pertaining to number limit or value limit will apply. Third-party withdrawal transactions are also limited to Rs 25,000 per transaction for regular savings accounts.
Debit Card charges
The annual fee for regular debit cards has been set at Rs 300. For customers in Gramin (rural) locations, the annual fee is Rs150. In the case of card loss or damage, the replacement card fee will be Rs 300 per card.
Source: The Economic Times
