ICICI Bank’s New Rules: Charges for ATM, Cash Transactions, and IMPS to Increase from 1 July 2025

ICICI Bank’s New Rules: From 1 July 2025, ICICI Bank is set to implement a new list of service charges for its customers. These changes will affect banking services such as ATM transactions, cash deposits and withdrawals, IMPS transfers, debit cards, and demand drafts. The objective of these revisions is to balance rising operational costs and improve service quality.

ATM Transaction Rules:

• The first 5 financial transactions per month at ICICI Bank ATMs will be free.

• Thereafter, each transaction will incur a charge of ₹23.

• Non-financial transactions (such as balance inquiries) will remain completely free.

• Senior citizen customers will not be charged any fees.

At Other Bank ATMs:

• In metro cities, 3 transactions per month will be free.

• In non-metro cities, 5 transactions per month will be free.

• Beyond these limits, financial transactions will incur a charge of ₹23, and non-financial transactions will attract a fee of ₹8.50.

International ATM Charges:

• A fee of ₹125 will be charged for cash withdrawals.

• A currency conversion charge of 3.5% will apply.

• Non-financial transactions will incur a fee of ₹25.

IMPS Transfer Charges:

• Transfers up to ₹1,000 will attract a fee of ₹2.50 per transaction.

• Transfers between ₹1,001 and ₹1 lakh will attract a fee of ₹5 per transaction.

• Transfers between ₹1 lakh and ₹5 lakh will attract a fee of ₹15 per transaction.

Cash Deposit and Withdrawal Rules:

• Customers will be allowed 3 free cash deposits and withdrawals per month at the branch or CRM.

• Beyond this, each transaction will incur a fee of ₹150.

• ICICI Bank has announced changes to cash transaction charges effective 1 July 2025. Under the new rules, if a customer deposits or withdraws cash exceeding ₹1,00,000, they will be charged either ₹150 or ₹3.50 per ₹1,000 (whichever is higher).

• The bank has set a single cash deposit limit of ₹25,000.

• The first three cash withdrawal transactions in a month will be free; from the fourth transaction onwards, each withdrawal will attract a charge of ₹150.

• If cash is withdrawn by someone other than the account holder, the transaction amount must not exceed ₹25,000.

Debit Card Charges:

• The annual fee for regular customers is set at ₹300.

• For customers in rural areas, this fee will be ₹150.

• Replacement (duplicate) cards will incur a charge of ₹300.

Summary:

These new charges by ICICI Bank will particularly impact customers who frequently deposit or withdraw cash or use ATMs multiple times a month. Such customers are advised to plan their transactions in advance and keep track of free limits to avoid unnecessary charges.