Close on the heels of revised charges from State Bank of India (SBI), private sector lender ICICI Bank is now rolling out revised limits of cash transactions, ATM interchange and cheque book charges for its savings account holders from next month onwards.
ICICI Bank will allow a total of four free cash transactions per month. The bank's website mentions that charges above free limits would be Rs150 per transaction.
From 1st August, the home branch (branch where the account is opened or ported) value limit for ICICI Bank customers would be Rs1 lakh-- free per month, per account. Above Rs1 lakh, a charge of Rs5 per Rs1000, subject to a minimum of Rs150 would be levied, the bank added.
At the non-home branch – no charges for cash transactions up to Rs25000, per day. Above Rs25,000 there would be charges of Rs5 per Rs1000, subject to a minimum of Rs150.
Value limit denotes the sum of deposits and withdrawals; the value limit is inclusive of both the home and non-home branch transactions.
Up to a limit of Rs 25,000 per transaction, a charge of Rs 150 per transaction for third party cash transactions.
For cheque books: Nil for 25 payable-at-par cheque leaves in a year; Rs20 for every additional cheque book of 10 leaves.
No charges for the first four transactions in a month; thereafter Rs5 per thousand rupees or part thereof, subject to a minimum of Rs150 in the same month.
Anywhere cash withdrawal
Nil for the first cash withdrawal of a calendar month; thereafter in the month, Rs5 per thousand rupees or part thereof, subject to a minimum of Rs150
Anywhere cash deposit
At the ICICI bank branch – Rs5 per thousand rupees or part thereof, subject to a minimum of Rs150.
At cash recycler machine - No charges for the first cash deposit of a calendar month; thereafter in the month, Rs5 per thousand rupees or part thereof, subject to a minimum of Rs150.
ATM Interchange (transactions at Non-ICICI Bank ATMs) charges: Silver, Gold, Magnum, Titanium & Wealth variants
First three transactions, inclusive of financial and non-financial, in six metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) in a month would be free as per the bank's website.
First five transactions, inclusive of financial and non-financial, in all other locations in a month would be free.
Thereafter, Rs20 per financial transaction and Rs8.50 per non-financial transaction.
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