ICICI Bank savings account charges
ICICI Bank has revised savings account service charges of some of the services including cheque book, IMPS, ECS / NACH Debit Returns, stop payment charges and more. These changes will come into effect from May 1, 2024 as per the ICICI Bank websiteHere is a look all the different savings account services charged that have been revised by ICICI Bank
- Debit Card Fees annual fees: Rs.200 p.a. For Gramin locations – Rs.99 p.a.
- Cheque Books: Nil for 25 cheque leaves in a year; Rs. 4 per leaf thereafter.
- DD / PO – Cancellation / Duplicate / Revalidation: Rs.100 per instance
- IMPS – Outward:· Amount up to Rs 1 thou ..
- Account closure: NIL
- Debit Card PIN regeneration Charges:NIL
- Debit Card de – hotlisting: NIL
- Balance Certificate, Interest Certificate: NIL
- Retrieval of old transactional documents / Enquiries related to old records: NIL
- Signature attestation: Rs. 100 per application/letter
- Address confirmation: NIL
- ECS / NACH Debit Returns: Rs 500 per instance for financial reasons. Maximum recovery will be done for 3 instances per month for the same mandate
- National Automated Clearing House (NACH) Mandate. One time mandate authorisation charges (physical): NIL
- Lien marking and unmarking of savings account: NIL
- Reissue of Internet user id or password (Branch or non IVR Customer Care): NIL
- Address change request at branches: NIL
- ECS / NACH Debit Returns: Rs 500 per instance for financial reasons. Maximum recovery will be done for 3 instances per month for the same mandate
- National Automated Clearing House (NACH) Mandate. One time mandate authorisation charges (physical): NIL
- Lien marking and unmarking of savings account: NIL
- Reissue of Internet user id or password (Branch or non IVR Customer Care): NIL
- Address change request at branches: NIL
- Stop Payment charges: Particular cheque – Rs.100 (Free through customer care IVR & Net banking).
ICICI Bank revises charges of these 17 savings account services effective from May 1; check details
Axis Bank revises savings, salary account tariff
Axis Bank has revised savings account tariff structure for savings, salary accounts average balance minimum criteria, and cash transaction limitations. The new tariff will be effective from April 1, 2024, as per the Axis Bank website.Axis Bank revises savings, salary account tariff structure with effect from April 1, 2024Revision in average balance requirement criteria for Priority Savings Accounts
For Priority savings accounts, the average balance requirement has been changed from an average quarterly balance (AQB) of Rs 200,000 to an average monthly balance (AMB) of Rs 200,000
Existing: Average Quarterly Balance (AQB) of INR 200,000
Revised: Average Monthly Balance (AMB) of INR 200,000
Rationalisation of free cash transaction limit
For Prime/Liberty/Prestage and Priority savings accounts, there is a monthly free limit on third-party cash transactions.
Cash transaction limits are revised as per the details given below:
Revised
Separate third party transaction free limit of INR 25,000 per month.
Beyond free limit, INR 10 per thousand, subject to a minimum of INR 150/- Remaining cash transactions to continue as
PRIME/LIBERTY – First 5 transactions / transactions upto INR 1.5 lacs per month
PRESTIGE – First 5 transactions / transactions upto INR 2 lacs per month
PRIORITY – First 7 transactions / transactions upto INR 5 lacs per month
Revision of No Salary credit fee for Salary Savings Accounts
Proposed
Salary accounts with following criteria will be charged at INR 100/- per month:
1. 4 months vintage
2. Not receiving salary credits in two consecutive calendar months.
3. Not maintaining average balance as per corresponding non-salary segment.
Easy & Equivalent Savings – INR 12K
Prime/Liberty – INR 25K
Prestige – INR 75K
Priority – INR 2 Lacs
All fees and charges are exclusive of taxes. The charges mentioned in the tariff will attract Goods & Services tax as applicable.
Existing exclusions to continue – Burgundy, Burgundy Private, NRI variants, Defence & Police, Axis Republic, Top Corporate Labels, Reimbursement accounts (SBERA).
NRI Priority Savings Account
Existing: Average Quarterly Balance (AQB) of INR 200,000
Revised: Average Monthly Balance (AMB) of INR 200,000
Non-maintenance of average balance fee
Existing: Accounts with Revised: Accounts with
Yes Bank revises savings account charges
Yes Bank, a private sector lender, has revised its savings account charges schedule. According to Yes Bank’s official website, the schedule will be effective May 1, 2024. The bank has also discontinued a few accounts.
Yes Bank savings account schedule of charges
According to the Yes Bank website, “AMB requirement, as defined by YES BANK from time to time, at select locations;
- Rs. 50,000 for Savings Account PRO Max, the maximum charge is Rs 1,000
- Rs. 25000 for Savings Account Pro Plus / Yes Essence SA YES Respect SA, the maximum charge is Rs 750
- RS 10,000 for Savings Account PRO, maximum charge is Rs 750
- Rs 5000 for Savings Value / Kisan SA, maximum charge is Rs 500
- Rs 2500 for My First YES, maximum charge is Rs 250
Yes Bank revises savings account charges with effect from May 1, 2024
If Balance maintained is
1. >= 100% of the requirement- NIL
2. >50% of the requirement- 5% of balance shortfall
3. According to the Yes Bank website, “^AMB requirement, as defined by YES BANK from time to time, at select locations, is Rs. 5000 for YES Grace, Rs. 2500 for YES Respect and Rs. 2500 for YES Value. For Kisan Savings A/c, Average Yearly Balance (AYB) of Rs. 1000 is required at all locations. For Savings value where AMB requirement is Rs. 2500, Maximum Charges for non-maintenance of balances is capped at Rs. 125 per month. For Kisan Savings A/c, Charges would be Rs. 100 per annum.”
Charges on ATM cum Debit Card for savings account
Debit Card & Annual Fee
· Element Debit Card: Rs. 299
· Engage Debit Card: Rs. 399
· Explore Debit Card: Rs. 599
· Rupay Debit Card (Only for Kisan account): Rs. 149
At other bank ATMs in India
First 5 transactions free per month;
thereafter Financial Transaction – Rs. 21 per transaction
Non-financial Transaction- Rs. 10 per transaction.
