Flexicash - Service Charges & Fees
Flexicash Charges & Fees
- Interest is charged only on the amount drawn and the period for which it is utilised.
- Interest is calculated on a daily basis, and is payable in each month and will be included in the Amount Due.
- Interest rate may be decided by ICICI Bank from time to time (the "Applicable Rate").
|Description of Charges||Personal Loans|
|Charges for changing from fixed to floating rate of interest||N.A.|
|Charges for changing from floating to fixed rate of interest||N.A.|
|Renewal Fee||Rs. 500/- to Rs. 1500/- (Old Book), 0.5% of Limit or Rs 750 whichever is higher for New Book|
|Further interest on overdrawn amount||2% p.a. over and above Applicable Rate.|
|Late Payment Fee||Rs. 500/-|
|Cheque Representation Charges||Nil|
|Charges per Cheque return||Rs. 250/-|
Note: Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges.