ICICI Bank customers living in big cities may get a shock. While on one hand government banks are removing the rule of maintaining minimum balance in savings account, on the other hand, private banks are increasing the limit of maintaining minimum balance in ICICI savings account.
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ICICI Bank customers living in big cities may get a shock. While on one hand government banks are removing the rule of maintaining minimum balance in savings account. At the same time, private banks are increasing the limit of maintaining minimum balance in ICICI savings account. ICICI Bank has made a big change in the rules of savings bank account and some service charges. This change will affect new customers living in metro and urban areas more. If you are opening a new savings account in ICICI Bank, you will have to keep a minimum balance of more than Rs 10,000 in the account. These rules have come into effect from August 1, 2025. These rules are only for newly opened savings accounts.
New minimum balance rule for metro and urban areas
Earlier the minimum average monthly balance (MAMB) was Rs 10,000. Now it has been increased to Rs 50,000. That is, now you have to keep 5 times more balance in the savings account than before.
Changes made in semi-urban and rural branches
Semi-urban branch: Increased from Rs 5,000 to Rs 25,000.
Rural branch: Increased from Rs 5,000 to Rs 10,000.
Who will it apply to and who will it not?
This rule will apply only to new savings accounts opened from August 1, 2025. For old customers, the rules will remain the same for now, unless the bank informs about the change separately. There will be no impact on salary accounts as these are zero-balance accounts. BSBDA i.e. Basic Savings Bank Deposit Account will also not be affected, as it also does not require a minimum balance.
Cash deposit and withdrawal limit
Three transactions in a month will be free. This includes both withdrawals from branches and cash recycler machines. After the free limit, a charge of Rs 150 will have to be paid per transaction.
Monthly free value limit: Up to Rs 1 lakh
Above Rs 1 lakh: Rs 3.5 per 1,000 or Rs 150, whichever is higher.
Third party limit: Rs 25,000 per transaction for both deposit and withdrawal.
Cash deposit charge during non-working hours
If you deposit cash between 4:30 pm and 9 am or on a holiday, and the total exceeds Rs 10,000 in a month, an extra charge of Rs 50 will be levied. This will be in addition to the normal transaction charge.
Other bank ATM charges
In six metro cities Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, Hyderabad, Rs 23 will be charged per financial transaction after 3 free transactions. Rs 8.5 will be charged per non-financial transaction after 3 free transactions.
Why is it important to understand these changes?
If you are thinking of opening a new savings account in ICICI Bank after August 1, 2025, then this rule will affect your expenses and account management. Especially for the customers of metro and urban areas, maintaining the balance will now become very expensive.
Where will you get the information?
ICICI Bank has updated the new schedule of charges and balance rules on its official website. If you want, you can also get complete information by visiting the nearest branch.
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