ICICI Bank raises minimum balance requirement for new savings accounts to ₹50,000, impacting rural and semi-urban customers.

ICICI Bank's announcement last week had raised the MAB to Rs 50,000, which was in contrast to other banks that have rationalised their penalties.

The changes apply only to accounts opened on or after August 1, alongside revised cash transaction and ATM usage charges.

Failure to maintain the required balance may attract penalties. Customers who do not maintain the minimum average balance will be levied a penalty at 6 per cent of the shortfall or Rs 500, whichever ...

ICICI Bank has raised the minimum monthly average balance requirement for savings accounts starting August 1, 2025. Here's how it is calculated and how much penalty will be imposed for non-compliance.

Now, with effect from August 1, new ICICI Bank savings accounts will attract a minimum balance requirement of Rs 15,000 in its branches in metro and urban locations, Rs 7,500 in those located in semi ...

India's second largest lender ICICI Bank has raised the monthly minimum average balance requirement for all customer segments, effective August 1.

Savings account holders in metro and urban areas will now need to keep a higher minimum balance of Rs 50,000, up from Rs 10,000 earlier.

ICICI Bank recently announced a major minimum average balance (MAB) hike effective August 1, 2025. This change will apply only to newly opened accounts but has already made many customers consider ...

The ICICI bank faced severe outrage online for raising the minimum balance amount in new savings account to Rs 50,000.

ICICI Bank faced widespread criticism after announcing a significant increase in minimum balance requirements for new account holders. Consequently, t ...

ICICI Bank revises its minimum balance rules for new savings accounts. The new rules are applicable for accounts opened from August 1, 2025. For urban areas, the minimum balance is now Rs 15,000. Semi ...