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Keep ₹50k min balance in a/c: ICICI
The New Indian Express Shivamogga
|August 10, 2025
The 2nd largest lender has raised 5-fold the min average monthly balance requirements
THE second largest private sector lender ICICI Bank has effected a steep five-fold increase in the minimum average monthly balance requirements in new savings accounts (non-salary) opened from this month across all regions with the threshold in metros going up to ₹50,000 from ₹10,000, and in non-metros to ₹25,000 from ₹5,000 now.
The bank in a notification, however, clarified that the new requirements are applicable only on non-salary account holders. Non-maintenance of the required balance will invite a penalty of 6% of the required balance deficit or ₹500, whichever is less.
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