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
ICICI Bank Revises Minimum Balance and Service Charges ICICI Bank has announced new rules for savings bank accounts, which will take effect on August 1, 2025. These changes primarily affect new customers and include an increase in the minimum average monthly balance (MAMB) and revised fees for cash transactions and ATM usage. Key Changes for … Read more
ICICI Bank Increases Minimum Balance Requirements and Service Charges Effective August 1, 2025, ICICI Bank has updated its minimum average balance (MAB) requirements and service charges for new savings accounts. Higher Minimum Balance for New Accounts The new MAB requirements apply to accounts opened on or after this date, and the amounts vary by location: … Read more
