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Tag: ICICI Bank savings account penalty charges

ICICI Bank lowers min balance requirement to ₹15,000 from ₹50,000

Posted on August 13, 2025 By admin
ICICI Bank lowers min balance requirement to ₹15,000 from ₹50,000

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…

Read More “ICICI Bank lowers min balance requirement to ₹15,000 from ₹50,000” »

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ICICI Bank raises minimum balance requirement for savings accounts

Posted on August 9, 2025 By admin
ICICI Bank raises minimum balance requirement for savings accounts

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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