ICICI Bank customers have been informed
that with effect from June 12, 2014, a
Redemption Handling Fee plus Service Tax will be charged on every redemption
request for PAYBACK Points earned on ICICI Bank Credit Cards, Debit Cards or
MySavingsRewards.
The rewards can be redeemed in two ways:-
01)
Catalogue
based
02)Online and in-store
The
charges details are as under:
01) Catalogue based redemptions: A Redemption
Handling Fee of 99 + Service Tax* will
be levied on each redemption.
02)Online and in-store redemptions: A Redemption Handling Fee
of 25 + Service Tax* will be levied on
each redemption.
The
Redemption Handling Fee plus Service Tax will be charged to the Credit Card and
will reflect in the monthly statement. For Debit Card and MySavingsRewards points’
redemption, the fee will be debited to the customer’s bank account.
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