ICICI Bank cash deposit charges: Know fees for cash transactions in current and savings accounts

Banks have also installed cash deposit machines (CDMs), and cash deposit charges are applicable on these as well.

Let’s take a look at the cash deposit charges applicable to ICICI Bank account holders:

Savings account

For cash transactions from a regular savings account at a base branch, ICICI Bank offers free cash deposits and withdrawals for the first three transactions every month.

After this, ₹150 will be charged per transaction. Additionally, transactions of up to ₹1 lakh are free per month. If any transaction exceeds this, ₹5 will be charged per ₹1,000, or a fee of ₹150, whichever is higher. At a non-base branch, a fee of ₹5 per ₹1,000 is charged for transactions above ₹25,000 in a day, or ₹150 per transaction, whichever is higher. For a third-party transaction, the cash deposit limit is capped at ₹25,000 per day.

Current account

For cash deposits from a classic current account at the base branch, cash deposits up to ₹2.5 lakh, or 25 transactions, whichever is lower, are free of cost. Charges above the free limit are not specified on the ICICI Bank website.

Cash Deposit Machines (CDMs) charges

At Cash Deposit Machines (CDMs), ₹50 will be charged per transaction if the deposit exceeds ₹10,000 in a month (as single or multiple transactions).

ICICI Bank cash transaction charges

Banks and financial institutions have different rules for cash transactions. Some banks don’t charge a separate fee on deposits through CDMs, but have a limit on the deposits and the amount of notes accepted by the machine in a single transaction. Many banks also have different cash transaction charges on home branches and non-home branches. It is important to check these charges before making cash transactions, so you remain fully aware.