HDFC Bank, ICICI Bank and Axis Bank have already decided to implement the new charges. Transaction exceeding this amount will be charged with Rs 5 per Rs 1000 or a minimum amount of Rs 150. Watch| Axis Bank, ICICI, HDFC Slap Charges On Cash TransactionsAccording to ICICI Bank, there will be no charge for first four transactions a month in home branch while Rs 5 per Rs 1,000 would be charged thereafter subject to a minimum of Rs150 in the same month. Transaction above this amount will charge Rs 5 per Rs 1000 or a minimum amount of Rs 150. While the number of transactions exceeding more than 4, an amount of Rs 150 will be charged on each.

Source: Indian Express March 01, 2017 20:04 UTC