ICICI Bank Minimum Balance Change: ₹50,000 Requirement for New Accounts in Metro Cities from
ICICI Bank has announced a major update to its savings account rules that will take effect from August 1, 2025. The bank will now require new customers opening savings accounts in metro and urban branches to maintain a minimum average balance (MAB) of ₹50,000 each month.
In semi-urban areas, the MAB for new accounts will be ₹25,000, while in rural branches it will be ₹10,000. These changes apply only to accounts opened on or after the effective date — existing account holders will continue with their current balance requirements and are not impacted by the revision.
Why the Change?
While the bank has not provided a detailed public explanation, such updates are often aimed at aligning customer segments with specific banking services and managing operational costs. The higher minimum balance may be targeted toward customers who prefer premium banking benefits, while those seeking basic facilities can still choose zero-balance accounts like the Basic Savings Bank Deposit Account (BSBDA)
Penalty for Not Maintaining Balance
For new accounts under these rules, failing to meet the MAB could result in a penalty. The bank’s penalty structure typically charges a percentage of the shortfall or a fixed amount, whichever is lower. Customers will need to check the exact charge based on their branch category before account opening.
What Customers Should Know
- Metro & Urban: ₹50,000 MAB
- Semi-Urban: ₹25,000 MAB
- Rural: ₹10,000 MAB
- Rules apply only to new accounts from Aug 1, 2025
- Existing customers are not affected
- Zero-balance accounts remain available for those who do not wish to maintain a high monthly balance
If you plan to open a new ICICI Bank savings account in a metro city after August 1, be prepared for the higher ₹50,000 minimum balance requirement. For many, this might encourage exploring alternative account types that offer flexibility without a steep MAB condition.
