Is ICICI Bank withdraws Online Inter-Bank money transfer charges (NEFT)?

ICICI bank ATM error message

Image by Cone Trees via Flickr

Recently ICICI Bank has introduced Rs.5/ NEFT transaction both for online and branch transactions. But today the bank has updated it’s common service charges page where it deleted “Through Internet: Upto Rs.1 lakh – Rs. 5 per transaction. Rs. 1 lakh and above – Rs. 25 per transaction “. It seems the bank might have silently withdrawn the online money transfer charges. But if you do NEFT transactions through Branch, the transactions continue to attract  “Upto Rs.1 lakh – Rs. 5 per transaction. Rs. 1 lakh and above – Rs. 25 per transaction”. 

We remind our readers that HDFC Bank also withdraws the NEFT charges from 1.07.2009

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