Service 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 ChargesPersonal Loans
    Prepayment Charges Nil
    Solvency Certificate N.A.
    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.