HDFC and ICICI Bank, meanwhile, will also revise charges on select transactions.
For HDFC, a one per cent transaction fee – to be capped at Rs 4,999 per transaction – will be applied if you use your card to pay rent or spend over Rs 10,000 on online skill-based games.
Utility payments – over Rs 50,000 monthly – using a HDFC card will also attract the abovementioned fee. The exception in this case is for insurance transactions.
Finally, if you use the card to load over Rs 10,000 into a digital wallet in a single transaction, there will be a one per cent fee capped at Rs 4,999 per transaction.
ICICI Bank‘s changes will include revisions to service charges, including for ATM transactions.
The first five at ICICI Bank ATMs remain free. After that you will be charged Rs 23 per transaction to withdraw cash. Non-financial transactions will continue to be free.
If ICICI Bank customers use non-bank ATMs the number of free transactions is limited to three for Metro cities and five in smaller cities and towns. Beyond this you must pay Rs 23 and Rs 8.5 per transaction, respectively.
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