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What is 'RwdRdmFee' reflecting in my statement?

With effect from June 12, 2014, Redemption Fee as handling charges has been introduced on every redemption request for reward points earned on your ICICI Bank Credit Card and Savings Account.

1. For members on Hand-picked Rewards Scheme (Credit Card) and ICICI Bank Rewards Scheme, a Redemption Facilitation Fee of ₹99 +  Goods and Service Tax will be levied for every redemption request.

2. For members on PAYBACK Rewards Scheme:
For Catalogue based redemption on PAYBACK Rewards Scheme, a Redemption Facilitation Fee of ₹99 + Goods and  Service Tax will be levied on each redemption.

For Online and in-store redemption on PAYBACK Rewards Scheme, a Redemption Facilitation Fee of ₹25 +  Goods and  Service Tax will be levied on each redemption on PAYBACK Partner Brands like www.bookmyshow.com and www.makemytrip.com and in-store partners like Big Bazaar and HPCL.

This Redemption Fee with Goods and Service Tax will be charged/ debited in your monthly statement and will show as RwdRdmFee.

Please note that 18% Goods and Service Tax (GST) w.e.f. July 1, 2017 is applicable on the charges.