ICICI Bank revises expenses on credit cards

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In what may be a blow to ICICI Bank clients, the non-public lender has introduced a revision in credit score card costs. The revision of the expenses will come into impact from February 10. The financial institution has additionally revised the overdue fee costs for all cards besides Emerald.

ICICI Bank has introduced that clients will now need to pay a transaction rate of 2.50%, situation to at the least Rs 500, on coins advances on all credit cards. Meanwhile, the non-public lender has additionally constant the fee for the go back of cheques and auto-debit at 2% of the overall due quantity, situation to at the least Rs 500.

Meanwhile, the financial institution has additionally revised the rate for paying the dues overdue for all credit cards, besides ICICI Emerald Card. Here are the revised expenses:

Due quantity much less than Rs one hundred – No fee.

Due quantity among Rs one hundred – Rs 500 – Rs one hundred overdue rate.

Due quantity among Rs 501 to Rs 5000 – Rs 500 overdue rate.

Due quantity among Rs 5001 – Rs 10,000 – Rs 750 overdue rate.

Due quantity among Rs 10,001 – Rs 25,000 – Rs 900 overdue rate.

Due quantity among Rs 25,011 – Rs 50,000 – Rs one thousand overdue rate.

Due quantity as much as Rs 50,000 – Rs 1200 due rate.

Customers may even need to pay Rs 50 plus GST in case of overdue fee of credit score card dues. Also Read: Andhra Pradesh government hikes personnel pay via way of means of 23.39%, will increase retirement age via way of means of 2 years

ICICI Bank has additionally lately revised the provider fee at the ICICI Bank Savings Account with impact from 01 January 2022.In addition, ₹50 plus GST may be debited from customer’s saving financial institution account.

The growth withinside the quotes have introduced a further burden at the clients and this in impact will lead them to unhappy to some extent in which they may remember the competition and if something higher if determined they could transfer to every other financial institution. Such adjustments need to constantly be carried out with intense caution.

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