ICICI Bank increases Minimum Balance to Rs.50,000, Check New Service Charges
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From August 1, 2025, ICICI Bank customers will need to keep much more money in their savings accounts to avoid penalties. Why? Because ICICI bank has increased its Minimum Average Balance (MAB) requirements across all types of branches — metro, urban, semi-urban, and rural. ICICI Bank now has the highest minimum balance requirement among all domestic banks in India.
ICICI Bank has increased minimum balance to Rs.50,000 in savings account. If customers don’t maintain minimum balance, then they will have to pay penalty of upto 6% of the shortfall in required MAB or ₹500 whichever is lower.
ICICI Bank New Minimum Balance in Savings Account
| Branch Type | Earlier MAB | New MAB (Effective Aug 1, 2025) | Increase |
|---|---|---|---|
| Metro & Urban | ₹10,000 | ₹50,000 | ₹40,000 |
| Semi-Urban | ₹5,000 | ₹25,000 | ₹20,000 |
| Rural | ₹2,500 | ₹10,000 | ₹7,500 |
This will impact the bank customers a lot. Now Customers will have to pay a lot in case of non-maintaining minimum balance. This change will put additional financial pressure on account holders, especially those in rural and semi-urban areas. Many customers who were earlier able to meet the lower balance requirement may now find it difficult to maintain such a high average.
In contrast, major Public Sector Banks in India have removed minimum balance requirement. Now, Customers in SBI, PNB don’t need to maintain minimum balance.
ICICI Bank New Service Charges
Cash Deposits at Branches and Cash Recycler Machines
1)Number Limit – Complimentary 3 cash transaction per month, thereafter ₹ 150 per transaction
2)Value Limit – Complimentary up to ₹1 lakh per month cumulative. Thereafter, ₹ 3.5 per ₹ 1,000 or ₹ 150 whichever is higher.
If the threshold of both number and value limit have crossed for the same transaction, higher of the charges mentioned above pertaining to number limit or value limit will apply. Third party cash deposit limit of ₹25,000 per transaction is applicable for all Savings Accounts.
Cash Withdrawal at Branches
1)Number Limit – Complimentary 3 cash transaction per month, thereafter ₹ 150 per transaction
2)Value Limit – Complimentary up to ₹ 1 lakh per month cumulative. Thereafter, ₹ 3.5 per ₹ 1,000 or ₹ 150, whichever is higher.
If the threshold of both number and value limit have crossed for the same transaction, higher of the charges mentioned above pertaining to number limit or value limit will apply. Third party cash withdrawal limit of ₹25,000 per transaction is applicable for all Savings Accounts.
Cash deposit charges – Cash Acceptor/ Recycler machines
₹ 50 per transaction during non-working hours, i.e. 4:30pm to 9am and holidays, for the deposits exceeding Rs 10,000 per month either as a single transaction or multiple transactions. These charges are applicable over and above the charges of cash transactions.
ATM Interchange (Transactions at Non ICICI Bank ATMs)
6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad): ₹ 23 per financial transaction and ₹ 8.5 per non-financial transaction, post 3 transactions (inclusive of financial and non-financial transactions).
Other than 6 metro locations: ₹ 23 per financial transaction and ₹ 8.5 per non-financial transaction, post 5 transactions (inclusive of financial and non-financial transactions). Maximum of 5 transactions free in a month, across locations, with a cap of 3 transactions at 6 metro locations.
ATM withdrawal at other bank (outside India)- ₹ 125/ transaction+3.5% currency conversion charge. Non-financial ₹25/ transaction
Transactions at ICICI Bank ATMs / Cash Recycler Machines (cash withdrawals)
₹ 23 per financial transaction, post 5 transactions. All nonfinancial transactions are free. (Financial transaction includes – Cash Withdrawal; Non-Financial transaction include – Balance Inquiry, Mini statement & Pin change)
| Service | Charges |
|---|---|
| Issue of DD drawn on ICICI Bank by cheque/transfer | ₹ 2/1000; Subject to a minimum of ₹ 50 and maximum of ₹ 15,000 |
| Debit Card Annual Fees | ₹ 300 p.a. For Gramin locations – ₹ 150 p.a. |
| Replacement card Fees | ₹ 300 p.a. |
| Value Added SMS | 15 paise per SMS Upper limit of ₹ 100 per quarter |
| IMPS Outward | Nil for online channel |
| RTGS Outward | Online Channel: Nil Branch: ₹ 2 lacs to ₹ 5 lacs: ₹ 20 per txn; Above ₹ 5 lacs: ₹ 45 per txn |
| NEFT Outward | Online Channel: Nil Branch – Up to ₹ 10k: ₹ 2.25 per txn ₹ 10k – 1 lac: ₹ 4.75 per txn ₹ 1 lac – 2 lac: ₹ 14.75 per txn ₹ 2 lacs – 10 lacs: ₹ 24.75 per txn |
| Issue of Statement (Green charge) | ₹ 100 for each month’s statement per instance printed at Branch / Phone Banking; Nil at ATM / iMobile / Internet Banking |
| ECS / NACH Debit Returns | ₹ 500 per instance for financial reasons. Maximum recovery will be applicable for 3 instances per month for the same mandate |
| Cheque return outward (cheque deposited by customer) | ₹ 200 per instance for financial reasons |
| Cheque return inward (cheque issued by customer) | ₹ 500 per instance for financial reasons. ₹ 50 for non-financial reasons except for signature verification |
| Decline of transaction at other bank ATMs or point of sale (POS) due to insufficient balance in the account (Domestic) | ₹ 25 per transaction |