A shock to ICICI customers..!? 1% Extra Charge if you do this..!?

Sowmiya Sriram
A shock to ICICI customers..!? 1% Extra Charge if you do this..!?

One of the leading private banks in the world, icici bank has given shocking news to its customers as it has announced that they will have to pay an extra 1% on rent payments through ICICI Credit Card. This announcement is a big shock for icici bank customers. Now let's see why icici bank has released this announcement. icici bank said that from october 20, rent payments made through ICICI Credit Card will be charged 1% of the rent amount. It is noteworthy that this will cost extra money to those who pay rent through icici bank Credit Card. Although icici bank has been offering various offers to its customers, suddenly it will charge a 1% fee to those who pay house rent through ICICI Credit Card.
It is noteworthy that till now no bank has charged any fee for rent collection through credit card. Only icici bank has issued this fee notice. From october 20th, icici bank has announced that if rent is paid through ICICI Credit Card, a 1% fee will be charged on the rent amount. It is worth noting that this will cost extra money to those who pay rent through icici bank Credit Card.
Already RedGiraffe, Mygate, Cred, Paytm, and Magicbricks charge 1% for rent transactions through credit cards. In this case, it is worth noting that paying the rent through the above sites through ICICI Credit Card will cost the customer 2% of the total. It is worth noting that if the same amount is paid through icici bank, an additional percentage will be charged and the rent will be Rs. 10,200. So it is worth noting that a rent of Rs 10,000 is an additional cost to the residents of Rs 10,200.
While the bank has not officially given reasons for the move, bank executives have said that some people are misusing rent payments, hence the fee. Usually, the bank charges up to 3% for withdrawing money from a credit card. Sources in icici bank said the charge was imposed because the credit card was being used to transfer money among themselves to pay rent without tax or service charge.
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