ICICI Bank Raises Minimum Average Balance for New Savings Accounts Opened After Aug 1, 2025

ICICI Bank has announced significant changes to its savings account policies, effective for all new accounts opened on or after August 1, 2025. The bank is increasing the Minimum Average Monthly Balance (MAMB) requirements across metro, urban, semi-urban, and rural branches, alongside revising charges related to cash and ATM transactions.

Higher Minimum Balance Requirements for New Accounts

For customers opening new savings accounts from August onwards, the minimum average monthly balance requirement has been raised sharply:

• Metro and Urban Areas: The MAMB has increased from ₹10,000 to ₹50,000.
• Semi-Urban Branches: The minimum balance rises from ₹5,000 to ₹25,000.
• Rural Branches: The requirement doubles from ₹5,000 to ₹10,000.

These new minimum balances apply exclusively to new accounts opened after August 1, 2025. Existing accounts will not be impacted by this change.

Revised Charges for Cash Transactions

ICICI Bank is also tightening its fee structure around cash deposits and withdrawals at branches and cash recycler machines:

• Customers get 3 free cash transactions per month.
• Beyond this, each additional transaction will incur a charge of ₹150.
• There is a monthly free cash transaction value limit of ₹1 lakh; transactions exceeding this will attract fees of ₹3.5 per ₹1,000 or ₹150, whichever is higher.
• Third-party cash deposits and withdrawals are capped at ₹25,000 per transaction.

Additionally, deposits made via cash acceptor or recycler machines during non-working hours (4:30 PM to 9:00 AM) and holidays will be charged ₹50 per transaction if total monthly deposits exceed ₹10,000, over and above standard cash transaction fees.

Read More: Bank Nifty Trades Above Key 55,100 Mark on August 11, 2025; SBI, HDFC Bank Lead Gains.

Conclusion

ICICI Bank’s revised policies reflect a shift toward higher minimum balance requirements and stricter transaction fee structures for new savings accounts, aiming to manage operational costs and encourage higher account balances.

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