ICICI Bank Lowers Minimum Balance. Check new rules & penalties
14 Aug,2025
Credit: Reuters
Minimum balance rules for savings accounts opened on or after August 1, 2025 relaxed after earlier rise faced backlash.
Credit: Getty
Reduction in minimum balance requirement
Urban/metro branches – Rs 15,000 (down from Rs 50,000), semi-urban – Rs 7,500, rural – Rs 2,500.
Revised Monthly Average Balance (MAB)
Those with older accounts will continue to follow the earlier rules, which in some cases mean keeping a higher amount in their accounts.
Older accounts remain unaffected
6% of the shortfall amount or Rs 500, whichever is lower — higher than the earlier penalty rate.
Penalty for shortfall
The move aims to address public backlash and make account maintenance more affordable, especially for customers in cities.
Reason for the change
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