ICICI Bank major changes from 1st August 2021

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This is a very important announcement for ICICI Bank customers. Transaction fees are set to change from next month. ICICI Bank has issued a major announcement in this regard. ICICI Bank’s currency transactions, check rates and ATM fees will change. That’s right how much these fees have been increased.

When looking at cash transaction fees, the first 4 transactions per month are declared free. Thereafter a fee of Rs.150 is charged for each transaction. Depending on the value, a maximum of Rs. 1 lakh per month can be transacted at a branch with a bank account. When it exceeds that, you have to pay a fee of Rs.5 per 1000 rupees.

ICICI Bank Major changes from August 1st

Permission to make only Rs. 25,000 per day when transacting through a third party. It will not be allowed beyond that. Accordingly, for every transaction above Rs. 25,000, a fee of Rs. (subject to a minimum of Rs 150) Senior citizens will have a daily limit of Rs 25,000 per day. But there is no charge for more transactions.

The first 3 transactions are free in six cities including Delhi, Chennai, Kolkata, Bangalore, Hyderabad and Mumbai. Apart from these the first 5 transactions per month in other areas are free. The maximum transaction fee is Rs.20 per financial transaction and Rs. 8.50 for non-financial transactions.

There is no charge for 25 checks a year. A book of more than 10 checks will be charged at Rs. 20. This includes the GST fee in addition to the above fee.

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