ICICI Bank Plans to Raise Foreign Transaction Fee on Debit Cards to 3.5% Effective June 21, 2026

ICICI Bank is set to revise its foreign transaction charges for debit card holders.  

From June 21, the bank will enhance its Dynamic Currency Conversion (DCC) fee to 3.5% from the current 1%, affecting certain international payment transactions executed in INR (₹). 

Details of the Fee Increase 

The DCC fee adjustment will apply to transactions made in INR (₹) at overseas merchant venues, as well as with merchants operating in India but registered outside the country.  

This shift means that customers may face increased charges on some cross-border purchases even if the payment is finalised in INR (₹). 

Dynamic Currency Conversion allows cardholders to settle payments in their home currency instead of the local currency during international transactions.  

With the new fee of 3.5%, costs for customers engaging in overseas spending or transactions via foreign merchant networks could rise noticeably. 

Concerns for Debit Card Users 

Customers who frequently make international transactions or subscribe to services abroad should be aware of the increase in foreign transaction fees.  

It's crucial to carefully review payment options when conducting such transactions, particularly when selecting the billing currency. 

Read More: ICICI Prudential Life Share Price Falls Over 4%; ICICI Bank Intends to Retain Majority Shareholding in Company! 

Scenarios Affected by the New Structure 

The revised DCC fee will be applicable on eligible transactions conducted in INR (₹) at international locations and transactions with India-based merchants registered in foreign countries.  

The higher fee will likely lead to additional costs for customers using debit cards for overseas expenses and international subscriptions. 

ICICI Bank Share Price Performance  

As of May 20, 2026, at 10:16 AM, ICICI Bank share price on NSE was trading at ₹1,230.80 down by 0.81% from the previous closing price. 

Conclusion 

The increase in the DCC fee by ICICI Bank to 3.5% highlights the importance of being informed about foreign transaction costs. Customers should exercise diligence in selecting the billing currency during international transactions to manage potential higher charges effectively. 

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