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Quick Summary
ICICI Bank has increased the monthly Minimum Average Balance requirement for new savings accounts. This change applies only to new accounts holder opened on or after 1st August 2025 but not the existing accounts. New Minimum Balance Requirements (MAB) Location Old MAB New MAB Met
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FAQ :
Only new savings account holders who opened their accounts on or after 1st August 2025 are affected. Existing account holders are not impacted.
The new minimum average balance requirement for new savings accounts in metro and urban areas is Rs 50,000.
It's calculated by summing the daily closing balances in your savings account for the month and then dividing by the total number of days in that month.
The penalty is 6% of the shortfall amount or a maximum of Rs 500, whichever is lower. For example, if the shortfall is Rs 15,000 and the required balance is Rs 50,000, the penalty would be capped at Rs 500.
ICICI Bank has increased the minimum balance to attract high-value customers, increase low-cost deposits, and potentially focus on premium customers, while also accounting for rising operational and inflation costs.
New customers, especially those with lower incomes or who rely on daily funds, may find it difficult to maintain the higher balance. This could lead some customers to switch to banks with lower or no minimum balance requirements.
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