ICICI Bank has increased the monthly average balance (MAB) requirements for new savings account holders, starting from August 1, 2025.
- In Metro or Big Cities new customers must maintain a monthly average balance of ₹50,000.
- In Semi-Urban Areas new customers must maintain a monthly average balance of ₹25,000.
- In Rural Areas new customers must maintain a monthly average balance of ₹10,000.
For existing customers, who have opened account before August 1, nothing changes. They need to keep just ₹10,000 (metro/urban) and ₹5,000 (semi-urban/rural). These new rules apply only to people opening accounts on or after August 1, 2025.
Additional Updates to Know:
- For Cash deposits first 3 deposits per month are free. After that, it’s ₹150 per deposit. Customers can deposit up to ₹1 lakh per month for free.
- Only three cash withdrawals are free per month; charges apply after that.
- Third-party cash deposits are limited to ₹25,000 per transaction.
- Savings accounts with deposits up to ₹50 lakh now earn 2.75% interest, reduced in April 2025.
ICICI Bank is asking new customers to keep ₹25,000 to ₹50,000, depending on where they live. This is much higher than the industry norm, and could be harder for many people to maintain. ICICI Bank is asking a much higher amount of money in their savings accounts compared to most other banks. For example: SBI, the biggest bank in India, doesn’t ask for any minimum balance, customers can keep as little as they want without penalty. While other banks usually ask for a minimum balance between ₹2,000 and ₹10,000.
