My name is RaviSabbavarapu and I'm holding a salary in ICICI bank for the past 2 years. I just saw today when I checked my account online, that twice I have been charged POSDEC CHG of Rs. 28.09 each on September 16th 2013 and the description says:
2 16/09/2013 POSDEC CHG/23-08-13/9248/25ST3 DR INR 28.09
3 16/09/2013 POSDEC CHG/23-08-13/9248/25ST3 DR INR 28.09
[Sep 26, 2013] ICICI Bank customer support has been notified about the posted complaint.
"POSDEC CHG" refers to Point of Sale (POS) Decline Charges. This happens when there is no sufficient balance in your account but you use your ATM/Debit card for payment at a store. Yes, there is a fine for swiping your card if sufficient balance is not there compared to the amount you are trying to pay for using your card. The charge is around Rs. 28/- (June 2013). The problem is that, the executives at the store try to swipe repeatedly if a transaction is declined and hence you will be charged the number of times it was swiped.
Refund: If you call the Customer Care on this, they will be able to refund only for 'ONE' transaction. So better be careful and keep track of your account balances to avoid these charges.
27-July-2012 Five times POSDEC CHG/27-07-12/2236/25ST3 has been deducted from my account.
I was not at all aware of this and was not aware what is this.They didn't even mention what type of transaction is that.
On 12/10/2012 POSDEC CHG/07-09-12/1131/25ST3 of Rs- 28.09 has been deducted three times why and customer care people telling that minimum balance one reason second one i try to withdraw more amount through card swiping and there is no balance in my account but unfortunately at that time am having balance in my account.as on 13/10/12 my account was nill due to that another deduction of 28.09 is pending kindly help me how can i get back the amount.
ICICI Bank deducting from account amount without any reason. I lost my amount many times. 2 times they deducted the same amount twice. This time it is showing as POSDEC chjarge. I'm fed up.
I need a permanent solution to this.
Branch Id : 1190 Account Id : 119001500279
My Name is Shashank Kulshrestha.I am from Bhopal (M.P.), In my account no. 119001500279, Rs 28.09 was deducted 17 time from icici bank account, it was written POSDEC CHG, I don't what it is. this amount deduct from 22/05/2013. ICICI bank deducting my money unfairly. I need explanations for this and Please refund my all amount which is deduct by you.
My Mobile Number is +91-9893791654