ICICI Bank to increase international ATM cash withdrawal fee

04 Sep 2012 Evaluate

ICICI Bank, country’s largest private sector lender is planning to increase ATM cash withdrawal fee at international location will be increased from Rs 107 to Rs 125. The customers will bear this fees revision of nearly 17% with effect from September 15, 2012.

Service tax and other terms and conditions will remain same. The bank is planning to take this initiative to offset a hike in overseas partner banks/financial institutions fees for this type of service.

Recently, in a bid to provide facilities to its customer the bank has unveiled a range of new technology-based initiatives to make banking simple and effortless. The new initiatives launched by the bank are 24x7 Electronic Branch, Tab Banking, Bank-on-the-Move, E-Locker and Help-on-Tab.

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