ICICI Bank Ltd.

ICICI Bank, India’s largest private sector bank, has decided to increase its ATM charges for savings account holders from January 1, 2014. Under the new method, the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks' machines.

After exceeding the five free transaction limits, customers will have to pay Rs 20 per financial transaction excluding service tax and Rs 8.50 for every non-financial transaction for using own bank's ATM. These charges will also be applicable at non-ICICI Bank ATMs in six metros after three free transactions--Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.

ICICI Bank is India's largest private sector bank with consolidated total assets of US $ 124.76 billion at March 31, 2014. Its subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. The Bank's presence spans 18 countries, including India.