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Penal Charges and Service Charges

Penal Charges

 

  NRI Sparsh Account~~ NRI Regular/Seafarer Regular/Virtu Regular NRI Pro/Seafarer Pro/Virtu Pro NRI Premia/Seafarer Premia/Virtu Premia Remittance Premia
Minimum Monthly average balance# (MAB) INR 2,50,000 at CASA level on Quarterly basis INR 10,000 (Each Account) Or INR 25,000 CASA+FD For Pro Program (w.e.f Nov'22) : INR 2 Lacs in CASA accts
Or INR 5 Lacs in CASA + FD

Or INR 25 Lacs in CASA + FD + Loans* + Demat** + Credit card Spends***
or INR 50 Lacs in Home Loan~
For Premia Program (w.e.f Nov'22) : INR 5 Lacs in CASA accts
Or INR 25 Lacs in CASA + FD

Or INR 50 Lacs in CASA + FD + Loans* + Demat**+ Credit card Spends***
Or INR 100 Lacs in Home Loan~
Min remittances of value USD 10, 000 equivalent or above from Money2India / Wire transfer within 1 year from the date of upgrade and subsequently remittances of USD 10,000 equivalent or above in each of the following years

Or (Program w.e.f Nov'22) :
INR 5 Lacs in CASA accts
Or INR 25 Lacs in CASA + FD
Or INR 50 Lacs in CASA + FD + Loans* + Demat**+ Credit card Spends***
Or INR 100 Lacs in Home Loan~
Charges## for non maintenance of minimum Monthly average balance (NMMAB) 2% of shortfall in required MAB or 500 whichever is lower (with effect from 1st April, 2022) 6% of shortfall in required MAB or 500 whichever is lower (with effect from 1st April, 2022) 3% of shortfall in required MAB or 500 whichever is lower (with effect from 1st April, 2022)

PRO Family level MAB up to INR 10 Lacs - 3% of the shortfall in required NMAB or INR 500 whichever is lower
2% of the shortfall in required MAB or INR 500, whichever is lower

PREMIA Family level MAB up to INR 30 Lacs - 2% of the shortfall in required NMAB or INR 500 whichever is lower
2% of the shortfall in required MAB or INR 500, whichever is lower
Waiver of non-maintenance of MAB charges Subject to total quarterly average balance of min INR 10,00,000 at Customer ID level Or Min remittances of value USD 2,250 equivalent or above from Money2India / Wire transfer every quarter from the date of account opening Subject to total monthly average balance of min INR 25,000 at Customer ID level. Subject to total monthly average balance of min INR 5,00,000 at Customer ID level. Subject to total monthly average balance of min INR 25,00,000 at Customer ID level. Subject to Min remittances of value USD 10,000 equivalent or above from Money2India / Wire transfer within 1 year from the date of upgrade and subsequently remittances of USD 10,000 equivalent or above in each of the following years

Or

INR25,00,000 at customer ID level

#Minimum balance requirement:

##GST applicable


  1. Account level: Minimum average balance maintained in each Saving/Non-interest bearing account under same Customer ID
  2. CASA level: Cumulative minimum average balance in all Saving/Non-interest bearing accounts under same customer ID.
  3. Customer ID level: Monthly average balance in NRE Savings / Non interest bearing account + Monthly average balance in NRO Savings / Non interest bearing account + Month end balance in Fixed deposit/s and Recurring deposit/s within the same customer ID.
  4. ~~Account, CASA, Remittance and Customer ID level balance in Sparsh account need to be maintained on Quaterly basis.
  5. Charges under “NRI Premia” applicable to Remittance/Seafarer Premia accounts. "NRI Pro" charges applicable to Seafarer/Virtu accounts.

Program Conditions (Pro & Premia)

*ICICI Disbursed value of Auto loans, Education Loans, Personal Loans, Loan against Securities, Loan on Mutual Funds, Business Loans.

**Only equity portfolio.

***Average spends of credit cards of last 12 months.

~ICICI Disbursed value of Home Loans

 

Particulars Charges
NRI Sparsh Account NRI Regular/Seafarer Regular/Virtu Regular NRI Pro/Seafarer Pro/Virtu Pro NRI Premia/Seafarer Premia/Virtu Premia
Debit Card/ATM
Enrolment fee NIL NIL NIL NIL
Annual Debit Card Fee for First Account Holder/ Joint Account Holder SILVER : NIL SILVER : INR 299+GST SILVER : NIL SILVER : NIL
PLATINUM : NIL PLATINUM : INR 299+GST PLATINUM : NIL PLATINUM : NIL
WORLD : NIL WORLD : INR 399+GST WORLD : INR 399+ GST WORLD : NIL
Replacement Card fees (Lost / Damaged card) NIL INR 375 INR 375 NIL
Debit Card PIN re-generation Charges ^ NIL INR 25 if requested at branch counter. [Not applicable if request through Instapin at Branch / Customer Care (IVR)]. NIL NIL
Decline of transaction at any ATM or point of sale (POS) due to insufficient balance in the account + INR 25 per transaction INR 25 per transaction INR 25 per transaction INR 25 per transaction
Debit Card de - hotlisting INR 100 per request INR 100 per request INR 100 per request INR 100 per request
ATM Interchange (Transactions at Non ICICI Bank ATMs in India) NIL First 3 transactions (inclusive of financial and non financial) in 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) in a month - Free
First 5 transactions (inclusive of financial and non financial)in all other locations in a month - Free
Maximum of 5 trxns free in a month with a cap of 3 free trxns in 6 metro locations.
Thereafter, INR 21 per financial transaction and INR 8.50 per non financial transaction.
Above mentioned charges are as per RBI guideline.
NIL NIL
Transactions at ICICI Bank ATMs in India NIL NIL NIL NIL
Transactions at overseas ATMs INR 125 per cash withdrawal (financial transaction) at ATM overseas & INR 25 per balance inquiry, PIN change and mini statement (non-financial transaction) at ATM overseas. INR 125 per cash withdrawal (financial transaction) at ATM overseas & INR 25 per balance inquiry, PIN change and mini statement (non-financial transaction) at ATM overseas. INR 125 per cash withdrawal (financial transaction) at ATM overseas & INR 25 per balance inquiry, PIN change and mini statement (non-financial transaction) at ATM overseas. INR 125 per cash withdrawal (financial transaction) at ATM overseas & INR 25 per balance inquiry, PIN change and mini statement (non-financial transaction) at ATM overseas.
For purchase and ATM transactions outside India at all VISA enabled POS and ATM Machines Conversion charge of 3.5% Conversion charge of 3.5% Conversion charge of 3.5% Conversion charge of 3.5%
Decline of transaction at any ATM or point of sale (POS) due to insufficient balance in the account + INR 25 per transaction INR 25 per transaction INR 25 per transaction INR 25 per transaction
 Issue of ATM cards NIL NIL NIL NIL
Surcharge on Fuel purchases At HPCL outlets: At HPCL outlets: At HPCL outlets: At HPCL outlets:
NIL for transactions above INR 400; 2.5% subject to a minimum of INR 2 for transactions up to INR 400 NIL for transactions above INR 400; 2.5% subject to a minimum of INR 2 for transactions up to INR 400 NIL for transactions above INR 400; 2.5% subject to a minimum of INR 2 for transactions up to INR 400 NIL for transactions above INR 400; 2.5% subject to a minimum of INR 2 for transactions up to INR 400
At non-HPCL outlets: At non-HPCL outlets: At non-HPCL outlets: At non-HPCL outlets:
2.5 % of purchase or INR 10 per transaction, whichever is higher 2.5 % of purchase or INR 10 per transaction, whichever is higher 2.5 % of purchase or INR 10 per transaction, whichever is higher 2.5 % of purchase or INR 10 per transaction, whichever is higher
Lockers
Lockers (Customers are entitled for discount only for the first year) 50% discount on annual fee Charges as applicable 40% discount on annual fee 50% discount on annual fee
Cheques
Cheque Return Outward (cheque deposited by customer) ^ + INR 200 for every cheque return for financial reasons INR 200 for every cheque return for financial reasons INR 200 for every cheque return for financial reasons INR 200 for every cheque return for financial reasons
Cheque Return Inward (cheque issued by customer) ^ + INR 500 per instance for financial reasons. INR 50 per instance for non-financial reasons except for signature verification INR 500 per instance for financial reasons. INR 50 per instance for non-financial reasons except for signature verification INR 500 per instance for financial reasons. INR 50 per instance for non-financial reasons except for signature verification INR 500 per instance for financial reasons. INR 50 per instance for non-financial reasons except for signature verification
Issue of Cheque Book ^ NIL Nil for 25 cheque leaves in a year;
INR 375 courier charges levied
Nil for 25 cheque leaves in a year;
INR 375 courier charges levied
NIL
Collection of local cheques NIL NIL NIL NIL
Collection of Outstation cheques NIL NIL NIL NIL
Stop Payment charges NIL Particular cheque - INR 100
Range of cheques - INR 200
(Free through customer care IVR & Net banking)
Particular cheque - INR 100
Range of cheques - INR 200
(Free through customer care IVR & Net banking)
NIL
NEFT/RTGS/EFT/UPI
NEFT Charges - Inward NIL NIL NIL NIL
NEFT Charges Outward NIL Through online channel - Nil
Through Branch Channel -
Upto INR 10,000 – INR 2.25 per transaction.
INR 10,001 to INR 1 lakh – INR 4.75 per transaction.
INR 1 lakh to INR 2 lakhs – INR 14.75 per transaction.
Above INR 2 lakhs - INR24.75 per transaction.
NIL NIL
RTGS / IMPS - Inward NIL NIL NIL NIL
RTGS - Outward NIL Through online channel - Nil
Through Branch Channel - INR 2 lakh to INR 5 lakh – INR 20 per transaction. INR 5 lakh and above – INR 45 per transaction
NIL If the transaction is requested from digital channels – Internet banking and I-mobile.
NIL NIL
IMPS Outward ^ NIL Upto INR 1 lakh – INR 5 per transaction.
INR 1 lakh to INR 5 lakhs – INR 15 per transaction
NIL NIL
EFT Charges- inward / outward NIL NIL NIL NIL
UPI transactions NIL NIL NIL NIL
DD/PO
DD - Issue by deposit of cash NIL INR 4 per thousand rupees or part thereof, subject to a minimum of INR 100 and maximum of INR 15000 NIL NIL
PO - Issue by deposit of cash NIL INR 150 per PO for amounts up to INR 50,000
For PO above INR 50,000 INR 4 per thousand rupees or part thereof, subject to a minimum of INR 150 and maximum of INR 15000
NIL NIL
DD/PO - Cancellation / Duplicate / Revalidation For Instrument value upto INR 200 – Nil
For Instrument value above INR 200 - INR 100
For Instrument value upto INR 200 – Nil
For Instrument value above INR 200 - INR 100
For Instrument value upto INR 200 – Nil
For Instrument value above INR 200 - INR 100
For Instrument value upto INR 200 – Nil
For Instrument value above INR 200 - INR 100
DD/PO - Issue by cheque/transfer NIL INR 50 for DD/PO of upto INR 10,000, For DD/PO above INR 10,000- INR 5 per thousand rupees or part thereof, subject to a minimum of INR 75 and maximum of INR 15000 NIL NIL
ECS/NACH
ECS/NACH Debit Returns + INR 500 per instance for financial reasons INR 500 per instance for financial reasons INR 500 per instance for financial reasons INR 500 per instance for financial reasons
ECS Credit Returns NIL NIL NIL NIL
Charges for certifying or verifying customer mandates NIL NIL NIL NIL
National Automated Clearing House (NACH) Mandate. One time mandate authorisation charges (physical/online) INR 100 per mandate INR 100 per mandate INR 100 per mandate INR 100 per mandate
Standing Instructions
Standing Instructions – Setting up Only out of pocket (OoP) expenses INR 150 per standing instruction INR 150 per standing instruction Only out of pocket (OoP) expense
Standing Instructions Rejection + INR 200 per instance INR 200 per instance INR 200 per instance INR 200 per instance
Statements
Statement Free quarterly statement Free quarterly statement Free quarterly statement Free quarterly statement
Free monthly e-mail statement Free monthly e-mail statement Free monthly e-mail statement Free monthly e-mail statement
Issue of Duplicate Statement ^ NIL INR 100 per statement at branch or Customer Care (non-IVR), INR 50 per statement through Customer Care (IVR), ATM & Net Banking NIL NIL
View and download statement facility available on the website NIL NIL NIL NIL
Cash Transactions
Monthly Free Number of Transactions 10 4 7 10
Monthly Free Value of free transactions (INR in Lakhs) 15 2 5 15
Charges [If EITHER of monthly limit for Number of transactions OR Value of Transactions Exceeds] INR 150 or INR 5 Per Thousand, whichever is higher INR 150 or INR 5 Per Thousand, whichever is higher INR 150 or INR 5 Per Thousand, whichever is higher INR 150 or INR 5 Per Thousand, whichever is higher
Cash deposit charges - Cash Acceptor/Recycler machines ^ NIL Charges of INR 50 per transaction, will be levied if cash deposited in a month exceeds INR 10,000 either as a single transaction or multiple transactions on bank holidays and between 06:00 p.m. and 08:00 a.m. on working days. Nil for incapacitated and visually impaired persons. NIL NIL
Cash Transaction Charges (Cumulative of Deposit and Withdrawal) NIL 1) Number Limit (Sum total of deposits and withdrawals) 4 free cash transactions per month. Charges above free limits: INR 150 per transaction.2) Value Limit (Sum total of deposits and withdrawals) The value limit is inclusive of both Home and Non home branch transactions. a) Home Branch (Branch where account is opened or ported) INR 1 lakh. Free per month per account. Above INR 1 lakh – INR 5 per INR 1,000, subject to a minimum of INR 150. b) Non-Home branch – No charges for cash transactions value up to INR 25,000 per day. Above INR 25,000 – INR 5 per INR 1,000 subject to a minimum of INR 150 3)Third party Cash transaction - charged at INR 150 per transaction. Per transaction value capped at INR 25,000. 1) Number Limit (Sum total of deposits and withdrawals) 4 free cash transactions per month Charges above free limits: INR 150 per transaction.2) Value Limit (Sum total of deposits and withdrawals) The value limit is inclusive of both Home and Non home branch transactions. a) Home Branch (Branch where account is opened or ported) INR 1 lakh. Free per month per account. Above INR 1 lakh – INR 5 per INR 1,000, subject to a minimum of INR 150 b) Non-Home branch – No charges for cash transactions value up to INR 25,000 per day. Above INR 25,000 – INR 5 per INR 1,000 subject to a minimum of INR 150 3)Third party Cash transaction - charged at INR 150 per transaction. Per transaction value capped at INR 25,000. NIL NIL
Miscellaneous Charges
Balance Certificate NIL INR 50 per certificate for balance in Savings Account and Fixed Deposit Account NIL NIL
  NIL INR 100 per certificate for balance in INR and the equivalent amount in USD / GBP in Savings Account and Fixed Deposit Account NIL NIL
Interest Certificate NIL INR 50 per certificate for more than one copy for a financial year NIL NIL
Account closure NIL for closure within 30 days of account opening, INR 500 for closure during 31 days to one year, NIL after one year of account opening NIL for closure within 30 days of account opening, INR 500 for closure during 31 days to one year, NIL after one year of account opening NIL for closure within 30 days of account opening, INR 500 for closure during 31 days to one year, NIL after one year of account opening NIL for closure within 30 days of account opening, INR 500 for closure during 31 days to one year, NIL after one year of account opening
Retrieval of old transactional documents / Enquiries related to old records NIL Upto 1 year old : INR 50 per record ; More than 1 year old : INR 100 per record. Upto 1 year old : INR 50 per record ; More than 1 year old : INR 100 per record. NIL
Photo attestation INR 100 per application/letter INR 100 per application/letter INR 100 per application/letter INR 100 per application/letter
Signature attestation INR 50 per application/letter INR 50 per application/letter INR 50 per application/letter INR 50 per application/letter
Address confirmation NIL INR 50 per request NIL NIL
Lien marking and unmarking of savings account INR 50 for marking of lien ; INR 50 for unmarking of lien INR 50 for marking of lien ; INR 50 for unmarking of lien INR 50 for marking of lien ; INR 50 for unmarking of lien INR 50 for marking of lien ; INR 50 for unmarking of lien
Issue of passbook / monthly statement NIL NIL NIL NIL
Issue of duplicate pass book NIL INR 100 for issuance and INR 25 per page for updating NIL NIL
Address change request at branches INR 50 per instance INR 50 per instance INR 50 per instance INR 50 per instance
Deliverable returned by courier + Any deliverable returned by courier due to consignee or address specific reasons (no such consignee/ consignee shifted and no such address, etc.) – INR 50 per instance Any deliverable returned by courier due to consignee or address specific reasons (no such consignee/ consignee shifted and no such address, etc.) – INR 50 per instance Any deliverable returned by courier due to consignee or address specific reasons (no such consignee/ consignee shifted and no such address, etc.) – INR 50 per instance Any deliverable returned by courier due to consignee or address specific reasons (no such consignee/ consignee shifted and no such address, etc.) – INR 50 per instance
Deliverables destroyed at branches ^ + Any deliverable not picked up (within the stipulated time) - INR 50 per instance Any deliverable not picked up (within the stipulated time) - INR 50 per instance Any deliverable not picked up (within the stipulated time) - INR 50 per instance Any deliverable not picked up (within the stipulated time) - INR 50 per instance
Value added SMS alert facility NIL NIL NIL NIL
Balance enquiry NIL NIL NIL NIL
Reissue of Internet user id or password (Branch or non IVR Customer Care) ^ NIL INR 50 per request INR 50 per request NIL
Porfolio Investment Scheme (PIS)
Sr. No Fee Head Fees*
1 PIS approval Issuance/NRO Ledger Creation Rs 1,000 (One-time fee)
2 Annual Account Maintenance Fee Rs 1,000
3 Transaction & Reporting Fee Rs 200 (per contract note)
4 15CA/CB Certificate Issuance of Long Term/Short Term Capital Gains Rs 200 (per certificate)
  *Plus GST applicable on all the above charges.  

 

 

Note: 
^ Charges w.e.f. 1st November 2022
+ Penal charges

→ Please note GST would be applicable on all transactions wherever currency conversion is inolved w.e.f. July 1, 2017

→ With effect from April 1, 2015: In the event of non-maintenance of minimum MAB, the bank will notify the customer by E-mail/letter etc. that in the event of the minimum balance not being restored in the account in the subsequent month, non-maintenance of MAB charges will be applicable.

→In case the customer has not maintained MAB for any consecutive month, non-maintenance of MAB charges shall be applicable for all consecutive months. The Bank will notify the customer in the initial month only in case of non-maintenance of MAB in consecutive months. It will be the responsibility of the customer to have a valid e-mail ID and address updated with the Bank at all times, failing which, customer may not receive the notification(s).