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Private banks to hike charges on credit card, banking services from July 1
The Political and Business Daily
|June 02, 2025
STARTING July 1, major private sector banks like HDFC Bank and ICICI Bank will increase charges on various credit card and banking services.
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Both banks have informed their customers about the changes through official notifications.
HDFC Bank has announced new charges for credit card users, especially for transactions involving online gaming, digital wallets, and utility payments.
If a customer spends more than Rs 10,000 in a month on online skill-based gaming platforms such as Dream11, Rummy Culture, Junglee Games, or MPL, a 1 per cent fee will be charged on the total monthly spend in this category. The charge will be capped at Rs 4,999 per month.
Additionally, no reward points will be given on such gaming transactions.
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