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ICICI Bank rolls back 50k minimum balance criteria
The New Indian Express Kollam
|August 14, 2025
AFTER facing public outrage over its decision to raise minimum monthly average balance in savings accounts five-fold, ICICI Bank, the country's second-largest private-sector lender, has rolled back the hike.
The bank has set monthly average balance at ₹15,000 for metros and urban locations, down from ₹50,000 announced earlier. For semi-urban branches, the requirement is ₹7,500, reduced from ₹25,000, while rural accounts will need a balance of ₹2,500.
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