HDFC, ICICI Bank To Hike Charges On Credit Card From July 1; Check Fees On Banking Services, Banking Apps And ATMs

HDFC And ICICI Bank Credit Card Charges: Major personal sector banks corresponding to HDFC Bank and ICICI Bank will hike fees on quite a lot of bank card and banking products and services, ranging from July 1. Both banks have notified their consumers about those adjustments thru authentic notifications. Moreover, the HDFC Bank has additionally presented revised charges for bank card customers, that specialize in transactions associated with on-line gaming, virtual wallets, and application invoice bills. 

HDFC Bank Fees On Gaming Apps And PayTM

If a buyer spends over Rs 10,000 in a month on on-line skill-based gaming platforms like Dream11, Rummy Culture, Junglee Games, or MPL the usage of an HDFC bank card, a 1% rate can be charged at the overall per 30 days spend on this class. This rate can be capped at Rs 4,999 per 30 days. Also, no praise issues can be given for such gaming transactions.

Similarly, if greater than Rs 10,000 is loaded in a month into third-party wallets corresponding to PayTM, Mobikwik, Freecharge, or Ola Money the usage of an HDFC bank card, a 1% rate will follow to all of the quantity, additionally capped at Rs 4,999 per 30 days. 

HDFC And ICICI Bank Fees On Utility Payments 

For application bills, if the overall spending is going past Rs 50,000 in a month, a 1 according to cent price can be added, once more with a per 30 days cap of Rs 4,999. However, HDFC Bank has clarified that insurance coverage bills may not be handled as application bills, so no additional price can be carried out in such instances. The financial institution has additionally revised a most fees for hire, gasoline, and schooling transactions. 

The higher prohibit for fees in those classes will now be Rs 4,999 according to transaction. The 1 according to cent rate on hire bills will stay unchanged. Fuel transactions above Rs 15,000 can be charged 1 according to cent, whilst schooling bills made at once thru authentic school or college internet sites or their card machines may not be charged.

ICICI Bank Service Charges

ICICI Bank has additionally made adjustments in numerous provider fees. The rate for depositing money, cheques, or for DD (call for draft) and PO (pay order) transactions has been modified. Now, consumers can be charged Rs 2 according to Rs 1,000, with a minimal rate of Rs 50 and a most of Rs 15,000. Earlier, the financial institution charged Rs 50 for quantities as much as Rs 10,000 and Rs 5 according to Rs 1,000 past that. ATM utilization charges have additionally long gone up. After 3 loose ATM transactions at different financial institution ATMs, ICICI will now price Rs 23 for economic transactions and Rs 8.5 for non-financial ones.

ICICI Bank ATM Fees And Debit Card Charges

Previously, the economic transaction rate used to be Rs 21. For ICICI Bank’s personal ATMs, common financial savings account holders will now pay Rs 23 for each and every economic transaction past the primary 5 in a month, up from Rs 21 previous. Adding additional, the yearly rate for ICICI Bank debit playing cards has higher from Rs 200 to Rs 300. The rate for a alternative debit card has additionally long gone up from Rs 200 to Rs 300. (With Inputs From IANS)