Cash Transactions Above ₹1 lakh to Cost More for ICICI Bank Customers
What Happened
ICICI Bank will revise select savings-account service charges from December 1, 2026. Customers will continue to receive three complimentary cash deposits and three complimentary withdrawals per month, with separate complimentary value limits of ₹1 lakh per month each for deposits and withdrawals. Once the ₹1-lakh monthly value limit is exceeded, the charge will increase from ₹3.50 to ₹4 per ₹1,000, or ₹150, whichever is higher. The changes apply to cash deposits and withdrawals at branches and cash deposits through cash recycler machines.
Key Takeaways
Regular customers staying within the existing free limits won't face the higher value-based charge. The increase primarily affects savings-account customers making larger cash transactions.