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As per ICICI bank's website, the new rules will be applicable to the domestic savings account including salary account of the customer
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ICICI Bank is all set to increase the charges levied on services like ATM cash withdrawal, checkbooks, and other financial transactions from August 1. The announcement has come soon after State Bank of India introduced new rules pertaining to cash withdrawals from its ATMs and bank branches from July 1, 2021. As per ICICI bank’s website, the new rules will be applicable to the domestic savings account including the salary account of the customer.
Revised charges for cash withdrawals
From August 1, ICICI Bank customers will get the facility to conduct up to 3 transactions free of cost from non-bank ATMs in 6 metro cities – Delhi, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad. In other cities, 5 transactions will be free. This includes both financial and non-financial transactions.
After crossing this limit, Rs 20 will be charged for financial transactions from non-bank ATMs and Rs 8.50 for non-financial transactions. This charge will be applicable on Silver, Gold, Magnum, Titanium, and Wealth cardholders.
Meanwhile, 4 transactions per month can be processed from ICICI Bank branch for free. Post this, a charge of Rs 150 per transaction will be charged as per the new rules. This includes both deposit and withdrawal transactions. Not more than Rs 25,000 can be paid to third parties in a single day. Cash transactions are not permitted beyond this limit.
ICICI Bank customers can withdraw up to Rs 1 lakh from their home branch per month per account. Crossing this limit, you will have to pay Rs 5 per Rs 1,000. There is no charge for withdrawing cash up to Rs 25,000 per day from branches other than the home branch. Above Rs 25,000, the lender will charge Rs 5 per Rs 1,000, subject to a minimum of Rs 150.
For the regular salary account holders of ICICI Bank, 4 transactions in a month will be free. After this, the transaction will cost you Rs 5 per Rs 1,000 and a minimum of Rs 150 in a month.
Chequebook charges
For August 1, in every financial year, a chequebook of 25 leaves will be made available free-of-cost. After this, Rs 20 will have to be paid for every 10 leaf chequebook.
Until now, ICICI Bank offered 20 free cheque leaves each financial year and charged Rs 20 for every extra 10-leaf Cheque Book.
Beware of banking frauds
Banks have frequently advised customers to never share information like date of birth, debit card number, internet banking user ID, password, debit card PIN, CVV, OTP etc. on phone call, message or email to anyone. At the same time, do not download any app from any unknown source in your mobile phone.