ICICI Bank has announced a revision to its minimum balance requirements for savings accounts opened on or after August 1, 2025 for metros and urban areas to Rs 50,000. It was earlier Rs 10,000. Alongside this change, the bank has also updated its rules for cash transaction limits, adjusted certain service charges, and revised ATM usage fees.
Jan Dhan accounts and Basic Savings Bank Deposit Account (BSBDA) are exempt from minimum balance requirement as per the government rules.
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Metro and Urban branches –Rs 50,000
Semi-urban branches – Rs 25,000
Rural branches – Rs10,000
As per an ET Bureau report, this revised rule applies to all new customers opening accounts from August 1, 2025, who will be required to maintain the higher balance.
ICICI Bank shuns the mass, bets on the rich
Jan Dhan accounts and Basic Savings Bank Deposit Account (BSBDA) are exempt from minimum balance requirement as per the government rules.
What is monthly average balance (MAB)
According to the ICICI Bank website, “Monthly Average Balance refers to the average closing balance maintained in a Bank Account over the course of a month. It is calculated by adding up the closing balance of each day of the month and then dividing the total by the number of days in that month. For instance, if the Monthly Average Balance requirement is Rs 10,000 then it does not mean that you need to have Rs 10,000 each day in your account.”Latest Canara Bank FD interest rates: Highest returns, penalty rules, and savings account rates
ICICI Bank Minimum monthly average balance (MAB)
The MAB is the simple average of day-end balances maintained in the account during a calendar month. From August 1, 2025, the requirements are as follows:Metro and Urban branches –Rs 50,000
Semi-urban branches – Rs 25,000
Rural branches – Rs10,000
As per an ET Bureau report, this revised rule applies to all new customers opening accounts from August 1, 2025, who will be required to maintain the higher balance.
ICICI Bank shuns the mass, bets on the rich
Latest ICICI Bank service charges revision from August 1, 2025
| Available to | All Cities |
| Eligibility | Resident Indian |
| Minimum monthly average balance (MAB)* (MAB is the simple average of day-end balances for a calendar month) | Metro and Urban locations - Rs 50,000 Semi-urban locations - RS 25,000 Rural locations- Rs 10,000 |
| Service Charges | |
| Cash Transaction Charges (Deposits and withdrawals across branches and deposits in Cash Recycler Machines considered.) | Cash Deposits at Branches and Cash Recycler Machines |
| 1) Number Limit - Complimentary 3 cash transaction per month, thereafter Rs 150 per transaction | |
| 2) Value Limit - Complimentary up to ₹1 lakh per month cumulative. Thereafter, Rs 3.5 per Rs 1,000 or Rs 150 whichever is higher. | |
| If the threshold of both number and value limit have crossed for the same transaction, higher of the charges mentioned above pertaining to number limit or value limit will apply. | |
| Third party cash deposit limit of Rs 25,000 per transaction applicable for all Savings Accounts. | |
| Cash Withdrawal at Branches | |
| 1) Number Limit - Complimentary 3 cash transaction per month, thereafter Rs 150 per transaction | |
| 2) Value Limit - Complimentary up to Rs 1 lakh per month cumulative. Thereafter, Rs 3.5 per Rs 1,000 or Rs 150, whichever is higher. | |
| If the threshold of both number and value limit have crossed for the same transaction, higher of the charges mentioned above pertaining to number limit or value limit will apply. | |
| Third party cash withdrawal limit of Rs 25,000 per transaction applicable for all Savings Accounts. | |
| Cash deposit charges - Cash Acceptor/ Recycler machines | Rs 50 per transaction during non-working hours, i.e. 4:30pm to 9am and holidays, for the deposits exceeding Rs 10,000 per month either as a single transaction or multiple transactions. These charges are applicable over and above the charges of cash transactions. |
| ATM Interchange (Transactions at Non ICICI Bank ATMs) | 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad): Rs 23 per financial transaction s |
| Rs 8.5 per non-financial transaction, post 3 transactions (inclusive of financial and non-financial transactions). | |
