ICICI Bank charges Rs.5/NEFT transaction

ICICI Bank HQ at BKC Mumbai

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You know the story of HDFC Bank unsuccessfully tried to charge Rs.5/ transaction. Now it is the turn of ICICI Bank to burden it’s customers.

Common ICICI Bank Savings account - Common Services savings account & Charges_1250865782736

ICICI bank informed its customers that each NEFT transaction would be charged Rs.5/transaction from 23.08.2009. 

It is an ill advised move. Most of the customers again turn to the old method of issuing and depositing physical cheques. Over the long run ICICI Bank’s gains would be insignificant . But PR losses would be great.

We request the ICICI bank to drop the move.

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