ICICI Bank Savings Account Charges will change from December 1, 2026, bringing higher fees for certain cash transactions and failed automatic payments.
The revised charges will affect customers who exceed their monthly free cash deposit and withdrawal limits or have repeated ECS and NACH payment failures.
The private sector bank has informed customers about the upcoming changes through an email.
While some existing free transaction facilities will continue, customers who frequently visit bank branches for cash transactions may have to pay more under the revised fee structure.
The changes are particularly important for people who regularly deposit or withdraw large amounts of cash and those who have loan EMIs, insurance premiums or other automatic payments linked to their savings accounts.
 ICICI Bank Savings Account Charges From December 1
Under the revised structure, ICICI Bank will increase the charge for certain cash transactions beyond the complimentary monthly value limit.
Currently, the applicable charge is Rs 3.50 per Rs 1,000. From December 1, 2026, this amount will increase to Rs 4 per Rs 1,000, or Rs 150, whichever is higher.
However, the bank is not removing the existing free cash transaction facilities.
Savings account customers will continue to receive three free cash deposit transactions and three free cash withdrawal transactions every month.
The monthly complimentary cash transaction value limit will also remain unchanged at Rs 1 lakh separately for deposits and withdrawals.
Here are the important changes:
Free cash deposits: 3 transactions per month.
Free cash withdrawals: 3 transactions per month.
Monthly cash deposit value limit: Rs 1 lakh.
Monthly cash withdrawal value limit: Rs 1 lakh.
Revised value-based charge: Rs 4 per Rs 1,000 or Rs 150, whichever is higher.
The revised charges will apply to eligible transactions at ICICI Bank branches and cash deposits through cash recycler machines.
Customers should check their individual account category because charges may differ across savings account variants.
How Much More Will Customers Have to Pay?
The increase from Rs 3.50 to Rs 4 per Rs 1,000 may appear small, but customers making frequent or high-value cash transactions could notice the difference.
For example, suppose a customer deposits Rs 1.01 lakh during a month.
Once the complimentary monthly value limit is exceeded, the applicable value-based charge will be Rs 150 because the minimum charge is higher than the calculated amount.
If the monthly transaction value reaches Rs 1.38 lakh, the charge will be Rs 152, calculated at Rs 4 per Rs 1,000.
This means customers who regularly handle large cash amounts should pay attention to their monthly transaction values.
It is also important to understand that the free transaction count and the monthly value limit are separate conditions.
If customers exceed both applicable limits, the higher relevant charge will apply.
 ECS and NACH Payment Failure Charges Also Revised
Apart from cash transaction fees, ICICI Bank is revising charges for failed automatic payments through Electronic Clearing Service (ECS) and National Automated Clearing House (NACH).
These payment systems are commonly used for automatic deductions such as home loan EMIs, personal loan instalments, insurance premiums and other recurring payments.
From December 1, the revised penalties for financial reasons, such as insufficient account balance, will be:
First failed payment: Rs 500.
Second failed payment: Rs 550.
Third failed payment: Rs 550.
The first failure charge will remain unchanged, while the second and third failure charges will increase.
The bank can collect these charges for a maximum of three instances per month under the same mandate.
Customers who have automatic payments linked to their savings accounts should ensure that sufficient funds are available before the scheduled deduction date.
This can help prevent payment failures and additional penalties.
 Which ICICI Bank Customers Will Be Affected?
The revised charges are relevant to savings account customers whose transactions exceed the applicable complimentary limits.
People who frequently deposit or withdraw cash at bank branches may face higher expenses. Similarly, customers who regularly make automatic payments should pay attention to the revised ECS and NACH return charges.
However, not every ICICI Bank customer will necessarily pay more.
Customers who remain within their applicable free cash transaction limits will not face the additional value-based charges.
Basic Savings Bank Deposit Account holders, including eligible Jan Dhan account holders, should also check their specific fee schedule because cash transaction charges for these accounts may differ.
The revised ECS and NACH penalties may still be relevant depending on the account category and applicable terms.
What Should ICICI Bank Customers Do Now?
With the new charges scheduled to take effect on December 1, 2026, customers should review their savings account transaction history and understand the limits applicable to their account.
Those who frequently deposit or withdraw cash can plan their transactions more carefully to avoid unnecessary charges.
Customers should also maintain sufficient balances for automatic payments, including loan EMIs and insurance premiums.
The bank’s official website provides account-wise schedules of service charges. Customers should check the relevant schedule to understand the exact fees applicable to their account.
Overall, the upcoming revision does not remove the existing free cash transaction facilities, but it increases the cost of certain transactions beyond the permitted limits.
Being aware of these changes can help customers manage their banking expenses more effectively.
