Starting October 16th, 2019, ZERO BALANCE account holders of ICICI Bank will have to start paying a fee of Rs. 100 to Rs. 125 for all transactions they do at the bank’s branches.
The Bank has issued a notification which states that all cash transactions will be charged.
For the first two transactions, Rs.100 per transaction and for the subsequent transactions Rs.125 per transaction will be charged at any ICICI Bank branch or Cash deposits that are done at ICICI Bank Cash deposit machines.
Charges on Fund transfers such as RTGS, NEFT and UPI done through mobile banking or Internet Banking are completely waived off. This is principally done to promote Digitization.
Customers’ who are not willing to these terms and conditions, can convert their Savings account to Basic Savings account by 16th October 2019.
Customers’ who want to close their account may visit the nearest branch as the revised changes shall apply till the closure date of their accounts
“The revised terms and conditions shall apply till the date of closure of your account,” the ICICI bank said.