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ICICI Bank Customers To Pay 1% Charge For Rent Payment Through Credit Cards

ICICI is the first bank to charge 1 per cent on rent payment by credit cards. This rule will be implemented by from October 20

Photo Credit : Reuters

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ICICI Bank issues a notice to their using credit card that the card holders will have yo pay a charge of 1 per cent for making online rent payment. This information was send to customers through an SMS from the bank.

ICICI is the first bank to charge 1 per cent on rent payment by credit cards. This rule will be implemented by from October 20. 

This rule is for people who pay their rent through online platforms like Paytm, Cred, MyGet, RedGiraffe or Magic Bricks. After implementing this rule on behalf of ICICI Bank, it is expected that other banks will also bring such a rule soon.

This decision will have an impact on those tenants who pay their house rent through an online platform. One month's time has been kept in implementing this rule so that customers can prepare themselves for it.


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