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

Category : Business and economics
Published on: August 12 2025 Share on facebook

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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