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

3 min read | Updated on May 15, 2025, 19:41 IST

SUMMARY

Banks and financial institutions charge their customers a servicing fee for cash transactions, including deposits and withdrawals. These charges vary on the basis of several factors like account type (savings, current, etc.), and it's important for customers to be aware of them. Since many banks offer free transaction limits, individuals can avoid paying extra by staying within those limits.

Many banks also have different cash transaction charges on home branches and non-home branches.

ICICI Bank cash deposit charges: Cash transaction charges vary from bank to bank on the basis of account type, total amount deposited/withdrawn, denomination of notes, etc. Most banks offer free cash transactions up to a certain limit, after which certain fees are applicable.

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

Account Type	Transaction Type	Free Limit	Charges Beyond Limit
Savings Account	Cash deposit/withdrawal at base branch	First 3 transactions per month free Up to ₹1 lakh per month free	₹150 per transaction after 3 free ones ₹5 per ₹1,000 or ₹150, whichever is higher, if over ₹1 lakh
	Cash transaction at non-base branch	Up to ₹25,000 per day free	₹5 per ₹1,000 or ₹150 per transaction, whichever is higher, for amounts over ₹25,000
	Third-party cash deposit	Limit: ₹25,000 per day	Not specified beyond limit
Current Account	Cash deposit at base branch	Up to ₹2.5 lakh or 25 transactions per month (whichever is lower) free	Charges beyond limit not specified on ICICI Bank website
Cash Deposit Machines	Cash deposit	Up to ₹10,000 per month (single or multiple transactions) free	₹50 per transaction beyond ₹10,000

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.