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CHENNAI: ICICI Bank ‘ zero balance’ account holders will have to cough up a fee of Rs 100 to Rs 125 from October 16 onwards for every cash withdrawal they make at its branches. It will also impose a fee on cash deposits made at its currency recyclers.

ICICI Bank, in a communication issued on Friday night to its account holders, said, “We encourage our customers to do their banking transactions through the digital mode and thus contribute to Digital India initiatives.”

The bank has waived off all charges for fund transfers through NEFT, RTGS and UPI transactions using mobile banking or internet banking.

NEFT transaction fee at ICICI Bank branches currently range between Rs 2.25 and Rs 24.75 (GST) for amounts below Rs 10,000 and up to Rs 10 lakh. For RTGS transactions made at branches, the fee stands between Rs 20 and Rs 45 (GST) for amounts above Rs 2 lakh and up to Rs 10 lakh.

The bank also urged its account holders to opt for a changeover to other basic savings accounts or close their account.

