{"id":4991,"date":"2025-08-13T15:39:15","date_gmt":"2025-08-13T15:39:15","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/13\/icici-bank-cuts-minimum-balance-for-new-accounts-to-rs-15000-from-rs-50000-after-outrage-savings-and-investments-news\/"},"modified":"2025-08-13T15:39:15","modified_gmt":"2025-08-13T15:39:15","slug":"icici-bank-cuts-minimum-balance-for-new-accounts-to-rs-15000-from-rs-50000-after-outrage-savings-and-investments-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/13\/icici-bank-cuts-minimum-balance-for-new-accounts-to-rs-15000-from-rs-50000-after-outrage-savings-and-investments-news\/","title":{"rendered":"ICICI Bank Cuts Minimum Balance For New Accounts To Rs 15,000 From Rs 50,000 After Outrage | Savings and Investments News"},"content":{"rendered":"


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ICICI Bank announces that, with immediate effect, the MAMB for such accounts will be Rs 15,000, instead of the Rs 50,000 decided earlier.<\/h2>\n
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The minimum monthly average balance (MAB) for savings bank accounts till July 31, 2025 for ICICI Bank customers was Rs 10,000.<\/p>\n<\/figure>\n

ICICI Bank Minimum Balance Update:<\/strong> ICICI Bank has rolled back its recent decision to increase the minimum average monthly balance (MAMB) requirement for new savings bank accounts in metro and urban areas. The bank announced that, with immediate effect, the MAMB for such accounts will be Rs 15,000, instead of the Rs 50,000 decided earlier.<\/p>\n

The minimum monthly average balance (MAB) for savings bank accounts till July 31, 2025, for ICICI Bank customers was Rs 10,000.<\/p>\n

Last week, the private sector lender had earlier revised the MAMB for new accounts opened on or after August 1, 2025, in metro and urban branches from Rs 10,000 to Rs 50,000. The sharp hike had drawn strong feedback from customers and prospective account holders, leading the bank to reconsider the move.<\/p>\n

Under the revised terms, new savings account holders in semi-urban and rural branches will be required to maintain Rs 7,500 and Rs 2,500, respectively, as against the Rs 25,000 and Rs 10,000 decided earlier by ICICI Bank.<\/p>\n

Customers who fail to meet the requirement will face a penalty of 6% of the shortfall or Rs 500, whichever is lower.<\/p>\n

Salary Account Holders Will Continue To Have Zero Balance Facility<\/strong><\/p>\n

Salary accounts are typically zero-balance accounts, meaning there is no minimum balance requirement.<\/p>\n

Will Basic Savings Bank Deposit Accounts (BSBDA) Be Impacted?<\/strong><\/p>\n

BSBDAs, which banks are mandated by the Reserve Bank of India (RBI) to offer, have a zero minimum balance requirement. They will not be impacted by these changes.<\/p>\n

What Are The Updated Cash Deposit And Withdrawal Limits?<\/strong><\/p>\n