ICICI Bank Minimum Balance: New Account Holders Must Maintain ₹50,000 Balance

India's second-largest lender, ICICI Bank, has revised its savings account rules, increasing the monthly minimum average balance (MAB) requirement for new accounts opened on or after August 1, 2025.

For customers in metro and urban areas, a new ICICI Bank account will now require an MAB of ₹50,000 to avoid penalties. For existing accounts, the requirement remains ₹10,000.

In semi-urban locations, a new ICICI Bank account must maintain ₹25,000, while in rural areas, it is ₹10,000. Older rural and semi-urban accounts still require only ₹5,000.

ICICI Bank Account Penalty Charges

If the MAB is not maintained in an account, ICICI Bank will levy a penalty of 6% of the shortfall or ₹500, whichever is lower.

ICICI Bank Account Deposit & Withdrawal Rules

3 free cash deposits per account per month, after which a ₹150 fee applies.

Free deposit limit per account: ₹1 lakh per month.

3 free cash withdrawals per account per month; standard charges apply thereafter.

Third-party deposits limited to ₹25,000 per transaction for all accounts.

Earlier, in April 2025, ICICI Bank also reduced its savings account interest rate by 0.25%, with deposits up to ₹50 lakh now earning 2.75% interest.

This change in ICICI Bank account rules contrasts with public sector giant SBI, which removed its minimum balance requirement in 2020. Most other banks maintain significantly lower account balance thresholds, typically between ₹2,000 and ₹10,000.