ICICI Bank From 1 December 2026: Rs 4 per Rs 1,000 Cash Charge on Savings Accounts Beyond Free Limit, Minimum Rs 150
Updated: 24 October 2026
ICICI Bank has told customers by email that cash transaction charges on select savings accounts will rise from 1 December 2026. Beyond the free limit, the charge goes up from Rs 3.50 to Rs 4 per Rs 1,000, with a minimum of Rs 150. There is no change in the number of free transactions or the monthly free value limit.
1 Dec 2026New charges apply
Rs 3.50 → Rs 4Per Rs 1,000
Rs 150Minimum charge
What Is Changing
| Detail | Now | From 1 December |
|---|---|---|
| Free cash deposits | 3 per month | 3 per month (same) |
| Free cash withdrawals | 3 per month | 3 per month (same) |
| Monthly free value | Rs 1 lakh deposit, Rs 1 lakh withdrawal | Same |
| Charge beyond limit | Rs 3.50 per Rs 1,000 | Rs 4 per Rs 1,000 (min Rs 150) |
Examples and Impact
- As per the bank's example, a monthly cash value of Rs 1.01 lakh attracts a charge of Rs 150.
- On Rs 1.38 lakh the charge is Rs 152, i.e. Rs 4 per Rs 1,000 on the extra Rs 38,000.
- As per reports, each cash transaction beyond the 3 free ones attracts Rs 150.
- The charge applies to deposits and withdrawals at branches and cash recycler machines.
BSBDA/Jan Dhan accounts are reported to continue with nil cash charges. Charges depend on the account variant, so check your bank's service charge schedule.
What Customers Can Do
- Keep monthly cash deposits and withdrawals within Rs 1 lakh and 3 transactions.
- Use digital options like UPI, NEFT or IMPS for larger amounts.
- Read the bank's email and the service charge schedule on its website.
Important Links
Frequently Asked Questions (FAQ)
Will every cash transaction be charged?
No, there is no value-based charge within the free limit.
From when is the new charge?
From 1 December 2026.
Does it apply to Jan Dhan accounts?
As per reports, cash charges are nil for basic savings/Jan Dhan accounts.
Note: This is based on news reports and public government information. Dates, amounts and rules can change, so please confirm with the official website or the concerned office before acting. Emitrawala.com is not a government website.
