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.
ICICI Bank: On one hand , government banks are removing the rule of maintaining minimum balance in savings account . At the same time, private bank ICICI has increased the limit of maintaining minimum balance in 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 . This rule has come into effect from 1 August 2025. This rule is only for newly opened savings account . Know the answers to all the questions related to this here.
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 will have to keep 5 times more balance in your 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.
To whom will it apply and to whom will it not?
This rule will apply only to new savings accounts opened from 1 August 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 Limits
3 transactions will be free thrice in a month. 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 Rs 1,000 or Rs 150, whichever is higher.
- Third Party Limit: Rs 25,000 per transaction for both deposits and withdrawals.
Cash deposit charges during non-working hours
If you deposit cash between 4:30 pm and 9 am or on a holiday, and the total amount 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 charges.
Other bank ATM charges
In the six metro cities of Mumbai, New Delhi, Chennai, Kolkata, Bangalore, Hyderabad, after 3 free transactions , a charge of Rs 23 will be levied per financial transaction. After 3 free transactions, a charge of Rs 8.5 will be levied per non-financial transaction.
Why is it important to understand these changes?
If you are planning to open 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 I 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.
