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Eligibility & Fee Structure |
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Eligibility
Criteria |
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| Cards |
Cities |
For the Salaried |
For the Self- Employed |
| Amway / Big Bazaar / HPCL Silver / Mini Card / Pru Life / Sterling Silver / Trinethra / True Blue / True Value / Affinity Silver/ Cash card -silver / American Express® Green |
Mumbai, Delhi, Chennai, Bangalore, Hyderabad |
1,44,000 p.a. |
1,50,000 p.a. |
| Pune, Ahmedabad, Surat, Nagpur, Chandigarh, Kanpur, Lucknow, Jaipur, Vishakapatnam, Coimbatore, Cochin, Kolkata |
1,20,000 p.a. |
1,25,000 p.a. |
| Other Cities |
72,000 p.a. |
72,000 p.a. |
| Solid Gold / HPCL Gold / Affinity Gold /
Cash Card - Gold / American Express® Gold |
Mumbai, Delhi, Chennai, Bangalore, Hyderabad |
1,44,000 p.a. |
1,50,000 p.a. |
| Other Cities |
1,20,000 p.a. |
1,25,000 p.a. |
| EMI Card |
All Cities |
1,20,000 p.a. |
1,20,000 p.a.* |
| Titanium |
All Cities |
4,80,000 p.a. |
4,80,000 p.a. |
| Platinum |
All Cities |
4,80,000 p.a. |
4,80,000 p.a. |
| Signature |
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12,00,000 p.a |
12,00,000 p.a |
| Platinum Identity |
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4,80,000 p.a |
4,80,000 p.a |
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| * Other bank card
documents / Specific club memberships required |
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Age Criteria |
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Minimum Age |
| For the Salaried |
21 years |
| For the Retired |
N.A. |
| For the Self-Employed |
21 years |
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Applicable Fees and Charges |
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| Interest Free Credit Period
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18-48 days (applicable only on retail purchases and if previous month's balance outstanding is paid in full)
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| **Finance charges on extended credit |
0.99% (Monthly) 12.55% (Annually) for Easy Deposit Card |
| 1.75% (Monthly), 23.14% (Annually) for Spouse Card |
| 1.99% (Monthly), 26.68% (Annually) for Home Card |
| 2.75% (monthly),38.48%(Annually) for Platinum card w.e.f March 1st 2008 |
| 3.15% (monthly),45.09%(Annually) for Private Banking credit card w.e.f March 1st 2008 |
| 2.75% (Monthly) 38.48% (Annually) for ICICI Bank Signature Credit Card |
| 3.15% (monthly),45.09%(Annually) forTitanium, Platinum Premier credit card w.e.f March 1st 2008 |
| 3.40% (Monthly) 49.36% (Annually) for all Blue silver & Gold cards, irrespective of the date of transaction |
| 0% (with Annual fee) /1.49%/1.99% (monthly) for EMI Card. Applicable from the day of transaction. |
| Finance Charges on extended credit and cash Advance:2.75% (monthly), 38.48% (annualy) for ICICI Bank Platinum identity Credit Card. |
| 1.99% (Monthly) 26.68 % (Annually) for Fixed Deposit Instant Credit Card. |
| **Finance charges on cash advances |
1.99%(Monthly), 26.68% (Annually) for Cash Card.
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| 2.75% (Monthly), 38.48% (Annually) for ICICI Bank Signature Credit Card. |
| 3.40% (Monthly), 49.36% (Annually) for Blue silver & Gold cards, irrespective of the date of transaction |
| 0% (with Annual fee) /1.49%/1.99% (monthly) for EMI Card (as per applicable Finance Charges on Retail transaction). |
| Cash Advance
- Transaction Fee |
On Easy Deposit Card - Nil for ICICI
Bank ATM withdrawals
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| Rs. 151 per transaction for Cash Card |
| 2.50% on advanced amount, subject to a
minimum of Rs. 300 |
| 2.99% on advanced
amount, subject to a minimum of Rs. 299 on EMI
Card |
| Dial-a-Draft – Transaction Fee |
3% of the draft value amount
subject to a minimum of Rs.300
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| 2.99% on draft value amount, subject to
a minimum of Rs. 299 on EMI Card |
| Minimum Ticket Size ** |
Rs. 1,000 |
| Late
Payment Charge |
30% of minimum amount due, subject to min. of Rs. 400 and max. of Rs. 600 |
| Charges in case of
excess payment over EMI Amt Due (EAD) ** |
Rs. 199 for every payment above the EA |
| Transaction fee ** |
Rs. 149 per transaction on EMI Card |
| Over-Limit
Charge |
2.5% of over limit amount, subject to a
minimum of Rs. 500 |
| Return of Cheque |
Rs. 250 |
| Outstation Cheque processing Fee |
1% of the cheque value, subject to a
minimum of Rs. 100 |
| Duplicate
statement request (beyond 3 Months) |
Rs. 100 |
| Replacement Card |
Rs. 100 |
| Fee on Cash payment at Branches |
Rs. 100 |
| Cheque Pickup Fee |
Rs. 100 per cheque pickup w.e.f. January 1, 2009 |
| Charge-slip request |
Rs. 100 |
| Railway
Booking Surcharge |
1.80% for Internet transactions and 2.5%
for other bookings |
| Fuel Surcharge |
2.5% or Rs.10 whichever is higher
(Nil on select cards) |
| 0% at select HPCL pumps on select cards
(maximum of Rs.3,000 per transaction) |
| Services
Charge - Utility Bill Payment |
Nil |
| Foreign Currency
Transactions |
3.50% |
| Service Tax |
As may be applicable from time to time,
presently @ 12.36% (Applicable on all fees,
interest and other charges only) |
| Annual Fee** |
For 0% finance rate and EAD of
Rs.2,000, the annual fee would be Rs.2,000. For 0%
finance rate and EAD of Rs.4,000, the annual fee
would be Rs.3,500. Joining Fee:Rs 25000 + applicable service tax and Rs 2000 annual fee from 2nd year onwards for ICICI Bank Signature Credit Card.
Annual fee of Rs.2000 for 1st year and Rs.1000 from 2nd year onwards
for ICICI Bank Platinum identity Credit Card. |
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The rate of interest is initially 3.40% p.m. (49.36% annualised) for all blue, silver and gold cards and 3.15% p.m. (45.09% annualised) for platinum and titanium cards, effective June 1, 2008. |
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In case of default, Interest Charges may increase up to a maximum of 3.40% p.m. (49.36% annualized).
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Applicable for EMI Card only
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Example for lnterest Calculation:
The Card-Member's Statement date is 15th of every month and due date is 3rd of every month. Therefore the interest free credit period is from the 16th of every month to the 3rd of the next month provided full payment is made for the previous month. The Card-Member makes total purchases of Rs. 2000 on November 10th. The Total Amount Due (TAD) on the Statement dated 15th November is Rs. 2000 to be paid before 3rd December. On 3rd December the Card-Member may choose to pay the Minimum Amount Due (MAD) of Rs. 100. Following will be the charges levied on the Card Account: 3.40 % p.m. (49.36 % annualised) of Rs. 2000 for 24 days (from 10th November till 3rd December) equal to Rs. 53.65. If the Card-Member pays the balance Rs. 1900 later on 10th December, 3.40% will be charged on Rs. 1900 for 7 days (4th December till 10th December) equal to Rs. 14.87. Therefore total interest charged on the Card Account on 15th December (the Statement date) would be Rs. 53.65 + Rs. 14.87 = Rs. 68.52.
However If the balance is carried on till the next due date, following interest will be charged: 3.40 % p.m. (49.36 % annualised) of Rs. 2000 for 24 days (from 10th November till 3rd December) equal to Rs. 53.65 and 3.40%** of Rs. 1900 for 12 days (4th December till 15th December) equal to Rs. 25.49. Therefore total interest charged on the Card Account on 15th December (your Statement date) would be Rs. 53.65 + Rs. 25.49 = Rs. 79.14.
In the above example, If MAD of Rs. 100 is not paid by due date of 3rd December, Late Payment Charges (LPC) of Rs. 400 will be levied i.e. 30% of MAD (subject to min. of Rs. 400 and max. of Rs. 600). Interest on LPC will be charged: 3.40 % p.m. (49.36 % annualised) of Rs. 400 for 12 days (from 4th December till 15th December) equal to Rs. 5.44. Following interest will be charged on TAD: 3.40 % p.m. (49.36 % annualised) of Rs. 2000 for 36 days (from 10th November till 15th December) equal to Rs. 81.60. Therefore total interest and LPC charged on the Card Account on 15th December (your statement date) would be Rs. 81.60 + Rs. 5.44 + Rs. 400 = Rs. 487.04.
**Interest Is calculated at 3.40 % p.m. (49.36 % annualised) . it is assumed that there are no additional transactions during this period. Service tax will be applicable on interest and late payment charges (LPC). Subject to change without prior notification.
If you spend Rs 5000 and pay back exactly the Minimum Amount Due (Subject to a minimum amount of Rs 100) every month, it will take you upto 6 years and 6 months to pay back the total amount. We therefore suggest that whenever your cash flow allows, pay back an amount substantially more than your Minimum Amount Due. |
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Documents Required |
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| For the Salaried |
Public Ltd. company / MNC / Govt. organization:
Any one of: Pay slip /
Salary Certificate / Income Tax returns / Form
16
Proprietorship / Partnership / Pvt.
Ltd. company:
Pay slip / Income Tax returns / Form
16 |
| For the Self-Employed |
Income Tax
returns
Other bank card documents / Specific club
memberships required for the EMI
card |
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USEFUL INFORMATION |
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| 1 |
If a cheque
sent by you is not honoured, or must be returned
because it cannot be processed for any reason, a
fee of Rs. 250 per cheque will be charged. Such
instances may also impact your credit
standing adversely.
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All contents of
this statement shall be deemed to be correct and
accepted by you, unless you inform us of any
discrepancies within 30 days of the date
of this statement, and we find these to be true. On receipt of
such information, we may reverse
the charges on a temporary basis. If on completion
of the consequent investigation we are satisfied that
the liability of such charge is to your account,
we will reinstate the charge in a subsequent
statement.
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For any
statement-related query, please call the 24-hour Customer
Care number in your city. |
| 4 |
All
charges are subject to change without prior notice
at the sole discretion of ICICI Bank. |
| 5 |
When you use the card overseas,
please ensure that the use is strictly in accordance with RBI
regulations pertaining to overseas spending, as
prevailing from time to time. The cards are not
valid for payments in foreign exchange at merchant
locations in Nepal and Bhutan. |
| Please
note that you are individually liable for
compliance with the RBI regulations on foreign
exchange. |
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