ICICI Bank Increases Minimum Balance Requirement

While many government banks are removing the rule of maintaining a minimum balance in savings accounts, private lender ICICI Bank has gone the opposite way — increasing the minimum balance limit for new savings accounts.

The bank has also revised some service charges. These changes will mostly affect new customers living in metro and urban areas.

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From 1 August 2025, anyone opening a new ICICI Bank savings account will need to keep more than ₹10,000 in their account — in fact, the required balance is now much higher.

New Minimum Balance Rules

For Metro and Urban Branches

Earlier: ₹10,000 average monthly balance (MAMB)

Now: ₹50,000 MAMB (5 times more than before)

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For Semi-Urban Branches

Earlier: ₹5,000

Now: ₹25,000

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For Rural Branches

  • Earlier: ₹5,000

  • Now: ₹10,000

Who Will Be Affected?

Applies only to new savings accounts opened on or after 1 August 2025.

Old account holders will follow the existing rules unless the bank announces changes separately.

Salary accounts (zero balance) and BSBDA accounts (Basic Savings Bank Deposit Accounts) remain unaffected.

Cash Deposit & Withdrawal Limits

Free Transactions: 3 per month (includes branch and cash recycler machine transactions).

After Limit: ₹150 per extra transaction.

Monthly Free Value: Up to ₹1 lakh. Above ₹1 lakh — ₹3.5 per ₹1,000 or ₹150 (whichever is higher).

Third-Party Transactions: Limit of ₹25,000 per transaction for both deposits and withdrawals.

Non-Working Hours Cash Deposit Charges:

If you deposit over ₹10,000 between 4:30 pm–9 am or on holidays, an extra ₹50 fee will be charged (in addition to normal charges).

Other Bank ATM Charges

Metro Cities (Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad)

After 3 free financial transactions: ₹23 per transaction.

After 3 free non-financial transactions: ₹8.5 per transaction.

Why This Matters

If you are planning to open a new ICICI Bank savings account after 1 August 2025, be prepared for a much higher balance requirement, especially in metro and urban areas. This could significantly increase your banking costs.

Where to Get Details

ICICI Bank has posted the updated schedule of charges and balance rules on its official website. You can also visit your nearest branch for complete information.

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