Credit card cash advance fee is the amount levied on every credit card cash withdrawal. Every time you use your credit card to withdraw cash at an ATM, you will have to pay a certain fee, which will be added to your next month’s billing statement.

ICICI Bank charges a cash advance fee of 2.5% of the withdrawn amount or Rs.300, whichever is higher, for most of the cards. The cash advance fee also attracts interest of 2.95% per month or 41.75% per annum from the date of withdrawal till the amount is paid back in full. The advance fee may also vary for withdrawals done at ICICI ATMs to non-ICICI ATMs, which typically attract more fees.

Additional Reading: Credit Card Cash Withdrawal

Interest Charges on ICICI Cash Advance

The charges will be levied at a monthly percentage rate from the date of withdrawal till the amount is repaid back in full. The interest will be debited from the cardholder’s account till the balance is repaid fully. ICICI typically charges a rate of interest ranging from 2.49% to 3.5% per month depending on the credit card type. Cardholders can check the terms and conditions of their card to be well aware of specific finance charges.

Here is a List of Finance Charges on a few ICICI Credit Card Variants.

ICICI Credit Card Variant

Finance Charge or Interest Rate

Monthly Rate

Annual Rate

Instant Gold, Instant Platinumand Fixed Deposit Instant Credit Cards


29.88 %

Other ICICI credit card 


40.80 %

Jet Airways ICICI Bank Credit Cards



In case of default

3.5% (Max. interest rate)


The bank has the rights to change the interest rates at any point of time for all the credit cards are for specific cards. An important factor about cash advances is that there is no interest free period. The interest will be levied from the date of cash withdrawal till the amount is paid back completely.

ICICI Bank Cash Withdrawal Fees and Charges

Description of Charges

ICICI Credit Card Cash Advance

Interest Free Period


Cash advance fee

2.5% of cash withdrawn or Rs.300 (whichever is higher)

Minimum repayment amount

5% of outstanding amount or minimum Rs.200

Cash advance limit

Communicated at the time of card delivery

Finance charges (on revolving credit)

2.49% - 3.5% per month