ICICI Bank: Great news for ICICI Bank customers—the bank is updating service charges on select savings accounts, taking effect December 1, 2026. Some transaction fees will go up, and failed electronic debit payments will come with penalties. If you regularly use branch deposits or withdrawals, or if your account processes frequent payments, it’s worth reviewing the new fee structure.
The updated bank charges kick in December 1st.
Beginning December 1st, the fee for depositing or withdrawing cash at branches and recyclers for certain savings accounts will rise from Rs 3.50 to Rs 4 per Rs 1,000 once you exceed the monthly limit. The good news? You get three free cash transactions each month.
Rs 150 charge for transactions over the limit
If you make more than three cash transactions in a month, you’ll pay Rs 150 per extra transaction. Here’s the thing—value-based charges won’t apply to cash transactions up to Rs 1 lakh monthly. Once you go beyond that amount, you’ll face either Rs 4 per Rs 1,000 or Rs 150, whichever applies.
No charges if you stay within the free limit
When your monthly transactions exceed the limit in both frequency and value, extra charges kick in for additional transactions. The good news is that the revised tariff doesn’t mean you’ll pay fees on every cash transaction. As long as you stay within your free limit, you won’t face any extra charges.
Changes to ECS and NACH debit return penalties
ICICI Bank is also adjusting penalties for Electronic Clearing Service (ECS) and National Automated Clearing House (NACH) debit returns. Keep in mind that penalties only apply when the debit return happens for financial reasons, like insufficient account balance.
#ICICI Bank revised cash Deposit & withdrawal charges w.e.f. Dec 1👇
📌 Max 3 free transaction per month (Post that: ₹150 + GST)
📌 Beyond ₹1 Lakh limit: ₹4 per ₹1,000 cash (Min. ₹150)
📌 Both exceeded? Maximum charge applies.
Private banks serve balance sheets, PSBs…
“>October 23, 2026
Starting December 1st, a charge of Rs 500 will be levied on the first return. A penalty of Rs 550 will be levied on the second and third returns. This penalty will affect customers with recurring payments. Examples include loan EMIs and other automatic debits from savings accounts. Customers can avoid the charge by maintaining a sufficient balance in their account.