Jamshedpur:
ICICI Bank has decided to increase credit card late payment fee, cash advance transaction fee, check return fee, and auto-debit return fee from February 10. This is important news for ICICI Bank credit card users. The bank has started sending information through messages to its credit card customers.
According to ICICI Bank, credit card late payment fee, cash advance transaction fee, check return fee, an auto-debit return fee will be increased from February 10, 2022. According to the information available on the bank's website, with effect from February 10, 2022, in case of cash advance from ICICI Bank credit card, the transaction fee will be 2.50 percent on the advanced amount, which will be a minimum of Rs 500.
Check return fee and the auto-debit return fee will be 2% of the total due amount, subject to a minimum of Rs 500. ICICI Bank also says that Rs 50 plus GST will also be deducted separately from the customer's savings account in case of check return fee and auto-debit return fee.
This is how the bank will charge the late fee of the credit card
Total Amount Late Payment Charges
No charge less than Rs 100
100-500 upto Rs.100
501-5000 up to Rs.500
5001-10000 upto Rs.750
10001-25000 up to Rs.900
2500 upto Rs.5000-50000 1000
1200 if more than 50000