Finance

Banks penalizing cash payments for credit cards

In another ridiculously anti-customer move, banks like ICICI and Standard Chartered are charging Rs. 100 for any cash payments made for credit card dues. This move is ostensibly for reducing footfalls at branches but seems like another revenue stream adding gimmik. Actually from the look at the note attached with this month’s electronic statement, there are a number of quite disturbing changes at ICICI credit cards: Firstly, it is the flat charge of Rs.