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The balance in the savings bank account of ICICI Bank earns an interest of 2.5% per annum, ICICI Bank said. File | Photo Credit: Reuters In a U-turn, ICICI Bank has slashed the minimum monthly average balance (MAB) requirement to ₹15,000 from the earlier steep hike of ₹50,000, citing “valuable feedback” from customers. The minimum balance…
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Monthly Average Balance is the minimum balance that a customer is required to maintain in the bank account. If the balance in the bank account falls below the required amount, then banks levy a penalty. File | Photo Credit: Reuters ICICI Bank has raised the minimum balance requirement for its new savings bank accounts opened…
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