5 Money Changes in May 2024: New savings account charges, credit card rules and special FD deadlines – All you need to know
5 Money Changes in May 2024: Two major banks, ICICI Bank and YES Bank, are set to revise their charges for savings accounts from May 1. YES Bank and IDFC First Bank credit card holders will have to shell out extra 1% fee now on all utility bill payments. In the fixed deposit space, HDFC Bank will end its special FD offer for senior citizens on May 10.
Let’s look at these 5 money changes to take place from tomorrow, May 1, one by one:
Here are 7 major changes in savings account service charges announced by ICICI Bank:
Debit Card Annual Fees: The bank will charge Rs 200 annually from customers living at regular locations and Rs 99 from those living in gramin areas.
Cheque Book Charges: First 25 cheque leaves in a year will be free, but thereafter one needs to pay Rs 4 per leaf.
Stop Cheque Payment Charges: For a particular cheque – Rs 100 (Free through customer care IVR and internt banking).
Duplicate Pass Book: The bank will charge savings account customers Rs 100 for duplicate pass book and Rs 25 per page for updation.
IMPS Charges:
Amount up to Rs 1,000 – Rs 2.50 per transaction
Amount above Rs 1,000 to Rs 25,000 – Rs 5 per transaction
Amount above Rs 25,000 to Rs 5 lakh – Rs 15 per transaction.
Surcharge on Railway Bookings: Customers will be charged 1.8% of bookings as per Visa regulations.
Cash Deposit Charges – Cash Acceptor/Recycler Machines:
The bank will charge Rs 50 per transaction, to be levied on cash deposited in the cash acceptor/recycler machines on bank holidays and between 06:00 p.m. and 08:00 a.m. on working days.
Also Read: ICICI Bank Savings Account Charges: 10 major changes in tariffs from next month – Check details
The requirement of Average Monthly Balance (AMB), as defined by YES Bank from
Read more on financialexpress.com
