ICICI Bank's New Minimum Balance And Service Charge Rules: All You Need To Know
ICICI Bank Minimum Balance: The revised MAMB requirements have come into force for all new savings bank accounts opened on or after August 1, 2025.
ICICI Bank Minimum Balance: ICICI Bank has announced major changes to the minimum average monthly balance (MAMB) requirement and certain service charges for savings bank accounts. The new rules will apply only to savings accounts opened on or after August 1, 2025, with the steepest hikes in metro and urban branches.
When Will The New Minimum Balance Rules Take Effect?
The revised MAMB requirements have come into force for all new savings bank accounts opened on or after August 1, 2025.
What Is The New Minimum Balance For Metro And Urban Branches?
For new accounts in metro and urban areas, the MAMB will be Rs 50,000, up from the current Rs 10,000.
Do These Changes Affect Existing Customers?
No. The revised MAMB will apply only to accounts opened from August 1, 2025, onwards. Existing customers will continue with their present account terms unless the bank communicates otherwise.
No. Salary accounts are typically zero-balance accounts, meaning there is no minimum balance requirement.
Will Basic Savings Bank Deposit Accounts (BSBDA) Be Impacted?
BSBDAs, which banks are mandated by the Reserve Bank of India (RBI) to offer, have a zero minimum balance requirement. They will not be impacted by these changes.
Beyond free limit: Rs 150 per transaction
Free value limit: Rs 1 lakh per month; above this, Rs 3.5 per Rs 1,000 or Rs 150 (whichever is higher)
Third-party limit: Rs 25,000 per transaction for both deposits and withdrawals
Are There Additional Charges For Certain Cash Deposits?
Yes. Deposits through cash acceptor or recycler machines outside working hours (4:30 pm to 9 am) or on holidays will incur a Rs 50 fee if the total exceeds Rs 10,000 in a month. This is over and above standard transaction fees.
What Are The Charges For Non-ICICI Bank ATM Transactions?
In six metro cities — Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad:
Rs 23 per financial transaction after the first three transactions in a month
Rs 8.5 per non-financial transaction after the first three transactions in a month.
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First Published:
August 11, 2025, 12:26 IST
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