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ICICI Bank Hike ATM Charges for FT 20 Rs and NFT 8.5 Rs

shriram | 8th December 2014 | Business And Economy
ICICI Bank Hike ATM Charges for FT 20 Rs and NFT 8.5 Rs

    Country's largest private sector lender ICICI Bank has announced a hike in its ATM charges for saving account holders from January 1 next year.

Under the new method, the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks' machines.

Customers can enjoy only five free transactions, including financial and non-financial, at the bank's own automated teller machines (ATM), it said in a post on its website.

After exceeding the free transaction limits, customers will have to pay Rs 20 per financial transaction excluding service tax and Rs 8.50 for every non-financial transaction, it said.

For transactions at non-ICICI Bank ATMs, the number of free financial and non-financial transactions have been reduced to three per month at six metros of Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad, after which the customer will have to pay Rs 20 for a financial transaction and Rs 8.50 per non-financial transaction.

In case of usage in non-metro areas, a customer can enjoy five free transactions per month at non-ICICI Bank ATMs, after which the same charges apply, it said.


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