ICICI Bank account holder? You will have to pay more for withdrawing, depositing your money

ICICI Bank account holders will have to pay more for transactions from December 15, 2019. ICICI Bank has stated on its website that it is set to hike deposit and withdrawal charges on all savings accounts transactions. Also, it will charge customers a fixed amount after certain amount of cash transactions is breached. After the implementation of the new charges, the customers will be allowed to make four free cash transactions per month and a charge of Rs 150 per transaction will be imposed after that.

The customers will be allowed to deposit or withdraw up to Rs 2 lakh from their home branch without any fee i.e. no charges will be levied for transactions up to Rs 2 lakh. ICICI Bank says on its official website said that above Rs 2 lakh, the customers will have to pay Rs 5 per Rs 1,000, subject to a minimum of Rs 150.

"Home Branch (Branch where account is opened or ported) Rs 2 lakh. Free per month per account. Above Rs 2 lakh – Rs 5 per Rs 1,000, subject to a minimum of Rs 150," it said.

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Similarly, for the deposits and withdrawals made at non-home branch, no charges will be levied on transactions up to Rs 25,000 per day. Post that, the customers will have to pay the same amount. "No charges for cash transactions value up to Rs 25,000 per day. Above Rs 25,000 – Rs 5 per Rs 1,000 subject to a minimum of Rs 150," the website.

In case of third party transactions, customers will have to pay Rs 150 per transaction with a limit of Rs 25,000 per day. The bank won't allow transactions above Rs 25,000.

Meanwhile, the ICICI Bank share price gained 3 percent intraday on December 4 after global brokerages maintained their bullish stance of the stock. The share rose to Rs 525, also its new high on the BSE on Wednesday. The private sector lender's stock surpassed its previous high of Rs 520, hit on November 28, 2019.