It is pathetic behavior from ICICI & Payback.
In ICICI the pointing system is already very bad, where you get 1 pt for 100 rs & 4 pts make 1 rs. All other GOOD Banks has 1 pt equal to 1 rs.
It is ridiculous to charge Rs 25/- for redemption of approx Rs.100/-.
These redemption charges are unjustified, unnecessary, unauthorized, illegal. No other Bank in India takes them, except ICICI.
Shame on ICICI & PAYBACK India!
See other people are also looted like us:
https://dearrupee.blogspot.com/2015/01/rwdrdmfee-icici-bank-payback-redemption-charge.html
https://jagoinvestor.com/2016/01/icici-payback-redemption-charge.html
https://desidime.com/forums/dost-and-dimes/topics/icici-has-increased-payback-redemption-charges-400-to-99-tax