Few banks, including ICICI, Axis and HDFC, have decided to charge a penalty of minimum Rs 150 on cash withdrawals and deposit at bank branches after four free transactions. As per reports, the move is aimed at discouraging cash transactions and furthering the digital payment drive. Highlights of circulars/notices of these three banks HDFC Bank: This leading private sector bank said that the bank would also cap the third party cash transactions at Rs 25000 per day. Axis Bank: At Axis Bank, the first five transactions or Rs 10 lakhs of cash deposits or withdrawals would be free and charged at Rs 5 per thousand rupees or Rs 150, whichever is higher. Prime Minister launched Digital India Week to spread awareness about Digital India Programme ICICI Bank: The bank on its website said that there will be no charge for first four transactions a month in home branch.