If you have a ICICI Bank Current account and your customers pay you via it, Start charging Rs.100/- for each instances, cause the bankers have started Deducting Rs.100/instance from standard business accounts against such transactions.
What the HELL, when I can’t stop or they have not given any facility to STOP anyone from making cash deposit, HOW CAN THEY DEBIT.
These bankers Debited me Rs.7178/- today for transactions done in OCT 2007, where they never sent me a email or postal mailer for any updates on such transaction fee increase.
If your customers transfer funds to your ICICI Current Account you are killed man, Rs.100/- debited for whatever amount credited to you.
If I Pay Rs.50 to any one of you out there it would incurr a Charge of Rs.100 on recepient, this is absolute abnormal, insane, why they allow anybody to transfer fund to your account even when you don’t want to accept how can they let anyone complete such a transaction and you pay the charges.
*This is a clear example of charging people without their consent, and making profits.
The internal transfers from 1 ICICI account to Another is being charged
No options for business account holders to STOP their payers from making such payments.
NO OPTION in CIB (corporate internet banking) to let you pre-approve such loss.
Even ATM withdrawals on current accounts are now Being charged.
Someone Help me and others to Get this reported to RBI, this is simply killing small business man like me where you don’t earn Rs.100/- on each transaction.
One can read the schedule of charges on ICICI Website and see
https://ebusiness.icicibank.com/imarkets/products/tb/rcaterms/Trade_RCA_Charges_from_1st_October_2007.xls
thanks,
manu