ICICI Bank’s customers have been shocked by the announcement of a maximum fine of up to Rs 1,200.
ICICI Bank has imposed a fine of around Rs 500 on those who already have a check return, while ICICI Bank has said it will charge a minimum of Rs 100 and a maximum of Rs 1,200 for failing to pay a credit card. According to a press release issued by ICICI Bank:
“Dear Customers, Payment on ICICI Credit Card Services is 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.
With this late payment, a flat charge of Rs.50 and GST will be levied from the customer’s savings account. This tariff increase does not apply to ICICI Bank Emerald Credit Card users.
According to ICICI Bank.