Well all banks, NGO's and other institutions are spreading the word of go green (save trees), now to avoid this transaction charge people will start using cheques again no matter they we will have to wait for 2-3 days for the transaction to be completed but end of the day we will save the 5/- charge and a penny we save is a penny we earn; however then the increased demand for cheque books and the stotionary will burden ICICI or ne such bank. Neways they can simply pitch in that extra money bcoz the money it was alawys sucked from us (innocent people)and have made up a gud treasury by now.
Well daily i have always heard that paperless transaction is better, feazable, and hassle free, safe, many banks do promote online banking and that is still kept free bocz in the end it helps bank to cut down their own costs.
What ICICI have done is very unethical, it has to understand the current markt and never think that it has created a monopoly, customer is very smart now and has lot of better options with him. By charging this mere 5/- ICICI is actually shown its own disgust and a very cheap mentality.
Well ICICI you guys ROCK...u every time come up with these stupid charges...u repent.
Last time ICICI was in a real mess about the recovery thing and the credit card drama...and they are still trying hard to wash out the shame by spending a lot on the articles like credit card usage awareness in the daily newspapers like 'times of India'' .
Customer JAAGOOOO !!!