ICICI Bank raises minimum balance requirement for savings accounts
Opening a new savings account with ICICI Bank just got more expensive.
Starting August 1, 2025, you'll need to keep a higher minimum balance—₹50,000 in metro/urban branches, ₹25,000 in semi-urban areas, and ₹10,000 in rural ones—or face penalties.
Charges for cash transactions
You get three free cash deposits or withdrawals per month (up to ₹1 lakh total).
Go over that? It's ₹150 per extra transaction or ₹3.5 per thousand—whichever is more.
Depositing over ₹10,000 outside working hours costs an extra ₹50 each time.
Other fees you should know about
At non-ICICI ATMs in major cities, only three free transactions are allowed before charges apply (₹23 for cash withdrawals; ₹8.5 for other services).
ICICI ATMs give you five free withdrawals a month; after that it's ₹23 each time.
Miss the minimum balance? You'll pay up to a 6% penalty on the shortfall or max ₹500—whichever is less—and debit cards now cost up to ₹300 yearly (₹150 in rural areas).