ICICI Bank will increase certain cash transaction charges and fees for repeated ECS debit failures starting December 1, 2026. Customers with savings accounts should understand the new fee structure to avoid unexpected costs.
- Three free cash deposits and withdrawals per month remain unchanged.
- Transaction fees beyond free limits will increase to ₹150 per transaction.
- Value-based fees for exceeding ₹1 lakh monthly limit rise from ₹3.50 to ₹4 per ₹1,000.
- ECS debit return charges for insufficient funds will increase for the second and third returns.
- Different account types have specific fee schedules and exemptions.
What are the new cash transaction charges for ICICI Bank savings accounts?
ICICI Bank customers will continue to receive three free cash deposits and three free cash withdrawals each month. However, once these free transactions are used, a fee of ₹150 per transaction will apply.
Additionally, the monthly value-based complimentary limit remains ₹1 lakh for both deposits and withdrawals. If customers exceed this limit, the fee will increase from ₹3.50 to ₹4 per ₹1,000 of the excess amount, or ₹150, whichever is higher.
If a transaction breaches both the number-based and value-based limits, the bank will charge the higher applicable fee.
How will the fee increase affect customers with high-value transactions?
Customers who frequently make cash transactions exceeding ₹1 lakh monthly will face higher fees. For example, on an excess amount of ₹1 lakh, the fee will rise from ₹350 to ₹400 before adding the minimum charge of ₹150 and applicable GST.
The final charge depends on the transaction amount and whether the number-based limit has also been exceeded.
What changes are made to ECS debit return charges?
ICICI Bank will revise charges for ECS debit returns caused by financial reasons such as insufficient funds. The bank will charge for a maximum of three return instances per month for the same mandate.
The fee for the second and third return instances will increase by ₹50 each compared to the existing flat fee of ₹500 per instance.
Customers with recurring ECS payments should ensure sufficient funds are available on debit dates to avoid these additional charges.
Are there different charges for senior citizens and other account types?
Yes, senior citizens and pensioners have a separate fee schedule. The bank also has distinct schedules for student accounts, Basic Savings Bank Deposit Accounts, and accounts for visually impaired or incapacitated customers.
Fees and exemptions vary by account type, so customers should review their specific schedule to understand applicable charges.
What should ICICI Bank customers do to avoid higher fees?
Customers should monitor their monthly cash transaction counts and total transaction values to stay within free limits. Maintaining sufficient funds for ECS mandates can prevent debit return charges.
Reviewing the specific fee schedule for their account type will help customers anticipate and manage potential charges.
