Schedule of Charges-EMI on Debit Card

Processing fee

Rs 199 + Goods and Services Tax (GST) applicable. Processing fees will be charged which is non-refundable

Auto-Debit return fee

Rs. 500 + Goods and Services Tax (GST)

Interest Rate

Interest rate is 16% PA.

The rate of interest may be changed at the sole discretion of ICICI Bank.

Interest Charges

In case of a default, interest charges may increase up to a maximum of 1.33% per month (16% per annum).

Late Payment Charges (LPC)

The LPC on account will be a function of the total outstanding balance and will be as follows:

If Less than Rs 10,000

Rs 500 + Goods and Services Tax (GST)

If More than Rs 10,000

Rs 750 + Goods and Services Tax (GST)

Fore closure charges

3% of the outstanding Principal Amount + Goods and Services Tax (GST) applicable and Next Month EMI interest charges applicable in advance while foreclosure.

Cash transaction charges for repayment of EMI dues at Bank Branches.

Rs 100 + Goods and Services Tax (GST) applicable