If you are a customer of HDFC or ICICI Bank and use credit card or banking services, then this news is important for you. These banks have announced to change many of their charges and rules from July 1, 2025. This especially includes credit card use, wallet recharge, ATM transactions, and bank service charges.
Let us understand one by one what is going to change for HDFC and ICICI Bank customers on July 1.
HDFC Bank: New charges on online gaming and wallet
If you spend more than Rs 10,000 every month on gaming apps like Dream11, MPL, Rummy Culture using HDFC credit card, then now you will have to pay an additional charge of 1%. This charge will be limited to Rs 4,999 per month. Also, no reward points will be given on these transactions.
Similarly, if you load more than Rs 10,000 in a month in third party wallets (like Paytm, Mobikwik, Freecharge, Ola Money), then a charge of 1% will be levied on it. Here also the charge limit will be up to Rs 4,999 per month.
Charge will also be levied on Utility Bill
If you pay more than Rs 50,000 in a month for utility bills (electricity, water, gas etc.) using your HDFC credit card, then now you will have to pay an additional fee of 1%. Here also the maximum limit of charge has been fixed at Rs 4,999. However,
But there will be no charge. That is, if you pay the insurance premium from your card, then this charge will not be levied.
What changed on Rent, Fuel and Education transactions?
1% charge on fare will continue as before. Whereas, 1% charge will be levied on transactions of more than Rs 15,000 for fuel. But if you pay the fees through the official website of any school or college or through card machine, then no charge will be levied. In all these categories also, the maximum charge limit has been fixed at Rs 4,999 per transaction.
ICICI Bank: Increase in ATM, debit card and service charges
ICICI Bank has also announced to impose new charges on banking services. Services like cash deposit, cheque deposit, demand draft and pay order will now attract a fee of Rs 2 per Rs 1,000. The minimum limit of this charge will be Rs 50 and the maximum limit will be Rs 15,000. Earlier the bank used to charge Rs 50 for an amount up to Rs 10,000 and Rs 5 for every Rs 1,000 above that.
Charges increased on ATM transactions too
Now, if ICICI customers use the ATM of any other bank, after three free transactions, they will have to pay Rs 23 for financial transactions and Rs 8.5 for non-financial transactions. Earlier this charge was Rs 21.
Annual charge on debit card also increased
ICICI Bank has increased the annual charge for debit card from Rs 200 to Rs 300.
What should customers do?
If you use HDFC or ICICI Bank cards or services, then get complete information about these new rules before July 1. Especially for those who often do gaming, wallet loading or high amount utility payments, this change can affect their pocket.
