ICICI Bank Announces Revision in Charges for Savings Accounts Effective July 1, 2025

ICICI Bank, one of India’s leading private sector banks, has announced a comprehensive revision of its charges applicable to Savings Account holders, set to take effect from July 1, 2025. The revised schedule of charges will impact a wide range of account types, transaction modes, and services, with the aim of aligning service costs with evolving banking patterns and operational needs.

The changes, which are detailed in a recent notification from the bank, cover key areas such as Demand Drafts, Pay Orders, ATM transactions, Immediate Payment Service (IMPS), cash transaction charges, and debit card fees. Below is a detailed breakdown of the forthcoming changes:

1. Demand Draft (DD) and Pay Order (PO) Issuance Charges

• Regular Savings & Regular Salary Accounts:

  • Up to ₹10,000: Revised to ₹50 per DD/PO (previously ₹50).

  • Above ₹10,000: ₹2 per ₹1,000, subject to a minimum of ₹50 and a maximum of ₹15,000 (previously ₹5 per ₹1,000, minimum ₹75).

• Rural Locations:

  • Up to ₹10,000: ₹40

  • ₹10,001 to ₹50,000: ₹60

  • Above ₹50,000: ₹5 per ₹1,000 (max ₹15,000)

• Senior Citizen Savings Accounts:

  • No change: Charges remain ₹40 up to ₹10,000; ₹60 between ₹10,001–₹50,000; ₹5 per ₹1,000 above ₹50,000 (max ₹15,000).

• Power Pay Salary Account/Family 360° Banking Salary Account:

  • Nil charge for DD up to ₹1 lakh. Above that, ₹5 per ₹1,000 (max ₹15,000).

2. ATM Interchange and Withdrawal Charges

• At Non-ICICI Bank ATMs (in six metro cities: Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad):

  • After three free transactions (financial or non-financial), charges increase to ₹23 per financial transaction (from ₹21) and remain ₹8.5 for non-financial.

• Other Locations:

  • After five free transactions, ₹23 per financial transaction and ₹8.5 per non-financial transaction.

• ATM Withdrawal at Other Banks (Outside India):

  • No change: ₹125 per transaction + 3.5% currency conversion charge. Non-financial: ₹25/transaction.

3. ICICI Bank ATM Charges

• Regular Savings Account:

  • After five free financial transactions, charge revised to ₹23 per transaction (previously ₹21). Non-financial transactions remain free.

4. IMPS (Immediate Payment Service) Outward Charges

• Up to ₹1,000: ₹2.50 per transaction (unchanged)

• Above ₹1,000 to ₹1 lakh: ₹5 per transaction (previously up to ₹25,000)

• Above ₹1 lakh to ₹5 lakh: ₹15 per transaction (unchanged for higher band, but lower band revised upwards)

5. Cash Transaction Charges

Regular Savings & Regular Salary Accounts

• Deposits and Withdrawals (branch & Cash Recycler Machines):

  • First 3 cash transactions free per month. Thereafter, ₹150 per transaction.

  • Free value limit up to ₹1 lakh per month; beyond this, ₹3.5 per ₹1,000 or ₹150 (whichever is higher) (previously ₹5 per ₹1,000).

• Non-Home Branch:

  • ₹5 per ₹1,000 for transactions above ₹25,000 or ₹150, whichever is higher.

• Third Party Transactions:

  • Capped at ₹25,000 per transaction; charge remains ₹150 per transaction.

Senior Citizen Accounts

• Similar structure to regular accounts, but for third-party transactions, accounts will not be charged, though the ₹25,000 cap per transaction remains.

Family 360° Banking & Power Pay Salary Accounts

• Free limit up to ₹5 lakh per month; charges apply beyond this as above.

Wealth Management/Private Banking

• Free limit up to ₹15 lakh per month; charges apply beyond this as above.

• Five free cash transactions per month, then ₹150 per transaction.

6. Debit Card Annual Fees

• Regular Savings & Regular Salary Accounts:

  • Revised from ₹200 to ₹300 per year.

  • For Gramin locations: Revised from ₹99 to ₹150 per year.

7. Replacement Card Fees

• For lost or damaged cards, the fee is revised from ₹200 to ₹300 per card for all accounts except Basic Savings Bank Deposit Account (BSBDA).

Additional Notes

• The revised charges are exclusive of applicable taxes as per government rules.

• Modifications in cash transaction charges exclude regulatory accounts such as BSBDA, Incapacitated, Visually Impaired, and Blind accounts. Exclusions for other product variants remain unchanged.

Customer Advisory

ICICI Bank encourages all Savings Account holders to familiarize themselves with the revised charges to avoid any inconvenience and better manage their banking costs. For further details or specific queries, customers are advised to visit the official website or contact their nearest ICICI Bank branch.

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