{"id":3873,"date":"2025-08-09T15:18:17","date_gmt":"2025-08-09T15:18:17","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/08\/09\/icici-bank-sets-rs-50000-minimum-balance-for-new-savings-accounts-in-cities-starting-august-1-banking-and-finance-news\/"},"modified":"2025-08-09T15:18:17","modified_gmt":"2025-08-09T15:18:17","slug":"icici-bank-sets-rs-50000-minimum-balance-for-new-savings-accounts-in-cities-starting-august-1-banking-and-finance-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/09\/icici-bank-sets-rs-50000-minimum-balance-for-new-savings-accounts-in-cities-starting-august-1-banking-and-finance-news\/","title":{"rendered":"ICICI Bank Sets Rs 50,000 Minimum Balance For New Savings Accounts In Cities Starting August 1 | Banking and Finance News"},"content":{"rendered":"


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ICICI Bank has increased the average minimum balance requirement for savings accounts opened on or after August 1<\/h2>\n
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ICICI Bank Increases Average Minimum Balance:<\/strong> ICICI Bank has increased the average minimum balance requirement for savings accounts opened on or after August 1, 2025.<\/p>\n

This move is aimed at expanding its premium customer base, a banker told NDTV Profit on condition of anonymity.<\/p>\n

In metro and urban branches, the minimum average monthly balance (MAMB) will be Rs 50,000, up from the earlier Rs 10,000. In semi-urban branches, it will rise to Rs 25,000 from Rs 5,000, while in rural branches, the requirement will double to Rs 10,000 from Rs 5,000. The higher MAMB will apply only to new accounts opened after August 1.<\/p>\n

Customers who fail to meet the requirement will face a penalty of 6% of the shortfall or Rs 500, whichever is lower. The move marks a significant shift for one of India\u2019s largest private lenders, especially as other banks are softening their penalty structures \u2014 State Bank of India, for instance, has already scrapped all minimum balance charges.<\/p>\n

The bank has also revised its service charges for cash transactions. For deposits at branches and cash recycler machines, customers will be allowed three complimentary transactions per month.<\/p>\n

Each additional transaction will be charged at Rs 150. A cumulative monthly value limit of \u20b91 lakh will be available without charge, beyond which Rs 3.5 per Rs 1,000 or Rs 150 \u2014 whichever is higher \u2014 will apply. Third-party cash deposits will be capped at Rs 25,000 per transaction.<\/p>\n

Cash withdrawals at branches will follow the same structure \u2014 three free transactions per month, Rs 150 per additional transaction, and a free cumulative monthly limit of Rs 1 lakh. Withdrawals beyond this limit will also be charged at Rs 3.5 per Rs 1,000 or Rs 150, whichever is higher. Third-party withdrawals will likewise be capped at Rs 25,000 per transaction.<\/p>\n

Deposits made via cash acceptor or recycler machines during non-working hours (4:30 p.m. to 9:00 a.m.) and on holidays will attract a charge of Rs 50 per transaction if total deposits exceed \u20b910,000 in a month, whether in a single or multiple transactions. These charges will be levied in addition to standard cash transaction fees.<\/p>\n

For ATM transactions at non-ICICI Bank ATMs in six metro cities \u2014 Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad \u2014 the bank will levy Rs 23 per financial transaction and \u20b98.5 per non-financial transaction after the first three free transactions in a month. The limit applies to the combined total of both financial and non-financial transactions.<\/p>\n

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Aparna Deb<\/a><\/p>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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Last Updated:August 09, 2025, 11:49 IST ICICI Bank has increased the average minimum balance requirement for savings accounts opened on or after August 1 ICICI Bank ICICI Bank Increases Average Minimum Balance: ICICI Bank has increased the average minimum balance requirement for savings accounts opened on or after August 1, 2025. This move is aimed…<\/p>\n","protected":false},"author":1,"featured_media":3874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-3873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/3873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=3873"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/3873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/3874"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=3873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=3873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=3873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}