ICICIBank ICICI Bank NRI Banking ripoff dishonest lack-of-discipline Bangalore Karnataka, India
I am making this report in the interest of potential NRI's in US who may be/wishes to be banking with ICICIBank in India.
Beware of ICICIBank's US check deposit rules. I had deposited a check for $50,000 at Koramangala Branch. The deposit happened after 25 business days (over a calendar month) and the deposit statement showed that the deposit is $49,990.
On inquiry, different contact points gave me differing reasons for the missing $10. One contact at the bank said it is collection charges and the other said it is remittance charges by Wachovia Bank based on a new policy that came in force after I deposited the check (remit charge for check clearance!!??).
In my case, the missing $10 was credited to me after I asked the bank to close my account altogether.
Himadri
Monmouth Junction, New Jersey
U.S.A.