ICICI Bank Limited - ICICI deducted money on the name of ATMDEC and POSDEC
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Complaint by: Girish Sarda on October 15, 2012, 10:18 am in Banking and Finance

Hi,

I have different accounts in ICICI bank. One of them is Salary saving account. ICICI have deducted around 4 to 5 time 28 Rs on the name of ATMDEC and POSDEC. I researched on this on net and it is about trying to withdraw money when you do not have sufficient amount of money. I believe this is unethical. Salary account should not be charged all this. Why should they charge me? It is always free to use any number of transaction in ATM for salary account. I want to understand how can we file case in customer court on this. Also i want to remove all my accounts and move it some bank which care of their customer rather than eating up money like this. This is too much ICICI bank. Very disappointing. I am your customer since 2006 and till now i never faced such issue with your bank and i was quite happy. Now this is too much.

Complainant's Goal: I want my money back!
Complainant's Target: ICICI Bank Limited
Complaint Location: IndiaAndhra PradeshHyderabad
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Recent Comments
3.
Sun, 04 Dec 2016  Satham

What is the nonsense is going on with icici bank?when ever I use my debit card for purchase or withdrawn .the additional money is getting deducted as posdec .wtf ?when I have enough balance why the money getting defected ?i need the details and refund for this .am going to escalate this for higher level and will complain in consumer forum .

2.
Tue, 19 Nov 2013  thangkhosiam zou

Isn't possible to make as much transaction from my saving account/. Why banks (ICICI) DEducted my money, giving names POSDEC. I dont know the meaningof POSDEC as well . Please explain.

1.
Wed, 24 Oct 2012 - Business Reply from - ICICI Bank Care (ICICI Bank Limited)

Hi Girish,

Please send us your contact details at care@icicibank.com and our official will get back to you soon to assist you. Kindly refer '3628775' in the subject line.

Regards,
ICICI Bank Customer Service Team