ICICI Bank Rolls Back ₹50,000 Minimum Balance Rule — Know the New MAB for Your Account
Mumbai: ICICI Bank, one of India’s largest private sector banks, has rolled back its recent decision to impose a ₹50,000 minimum average balance requirement for new savings accounts. The bank had announced the rule for accounts opened on or after August 1, 2025, but withdrew it following strong customer objections.
In a fresh announcement, ICICI Bank said the monthly average balance (MAB) requirement for new savings accounts opened from August 1, 2025, will now be ₹15,000 in metro and urban branches, instead of the earlier ₹50,000. Previously, this limit was ₹10,000. In semi-urban branches, the requirement will be ₹7,500, while rural branches will have a limit of ₹2,500. Pensioners and students will remain exempt from any such charges.
The new rules will not apply to salary accounts, senior citizen/pensioner accounts (age 60+), BSBDA/PMJDY accounts, accounts for persons with special needs, or savings accounts opened before July 31, 2025.
ATM Charges: In six metro cities — Mumbai, Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad — customers will get three free transactions per month at non-ICICI ATMs. Thereafter, each financial transaction will cost ₹23 and each non-financial transaction ₹8.5. In other cities, five free transactions will be allowed, after which the same charges will apply.
Cash Transaction Charges: The bank has retained its existing rules — after three free cash deposits or withdrawals (via branch or machine) in a month, each transaction will attract a fee of ₹150.
