ICICI Bank Reverses Course, Lowers Minimum Balance to ₹15,000 for New Accounts
After facing significant customer backlash, ICICI Bank has rolled back its minimum balance requirements for new savings accounts. The bank announced that for accounts opened from August 1, 2025, the monthly average balance (MAB) for metro and urban areas will be ₹15,000, a major reduction from the previously proposed ₹50,000. Key Changes to Minimum Balance … Read more