Penalties for late payments vary according to the total amount of duty. If the total duty for you is less than Rs.100, you will not be charged any fee. That is, if the higher the dew amount, the fee will increase according to the amount.
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ICICI Bank has announced a maximum late payment of Rs 1,200 for a due amount of Rs 50,000. ICICI Bank announced the new tariff hike to its customers last month. The bank said in a statement, “Dear Customer, Payments on ICICI Credit Card Services are subject to change from 10 February – 2022. For more information, visit the bank’s website.
ICICI Bank Transfer Charge Details
Dew amount less than Rs.100 – No charge.
Dew amount Rs.100 – Rs.500 – Rs.100 late fee.
Dew amount Rs.501 – Rs.5,000 – Rs.500 late payment.
Dew amount Rs.5,001 – up to Rs.10,00 – Rs.750 late fee.
Dew amount Rs.10,001 – up to Rs.25,000 – Rs.900 late payment.
Dew amount Rs.25,011 – up to Rs.50,000 – Rs.1,000 late payment.
Dew amount up to Rs. 50,000 – Rs. 1,200 late payment.
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With this late payment, ICICI Bank said, a flat charge of Rs 50 and GST will be levied on the customer’s savings account. However, ICICI Bank’s Emerald Credit Card users will not be eligible for the tariff hike.
So, if you are not able to pay by the due date, it is better not to use credit cards until it is cleared. If you continue to borrow without doing so, you will incur an additional burden along with late fees and interest.
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