ICICI Bank increases minimum monthly average balance for new savings accounts to ₹50,000, a fivefold hike from earlier norms:

Daily Current Affairs / ICICI Bank increases minimum monthly average balance for new savings accounts to ₹50,000, a fivefold hike from earlier norms:

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Category : Business and economics Published on: August 12 2025

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Effective from August 1, ICICI Bank has revised its minimum monthly average balance (MAB) requirement for newly opened savings accounts, raising it from the earlier ₹10,000 to ₹50,000 — a fivefold jump. The MAB for semi-urban and rural branches has also been raised, from ₹5,000 to ₹25,000 in semi-urban areas and from ₹2,000 to ₹10,000 in rural areas. According to the bank’s official website, customers who fail to maintain the required balance will face penal charges of 6% of the shortfall amount or ₹500, whichever is lower.

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ICICI Bank increases minimum monthly average balance for new savings accounts to ₹50,000, a fivefold hike from earlier norms:

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Aug 11

Aug 11

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Aug 07

ICICI Bank increases minimum monthly average balance for new savings accounts to ₹50,000, a fivefold hike from earlier norms:

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