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ICICI Bank has revised its minimum balance requirements, reducing urban and metro areas to ₹15,000 and semi-urban to ₹7,500.
The lender has slashed the MAB for metro & urban locations to Rs 15,000 from Rs 50,000, for semi-urban to Rs 7,500 from Rs 25,000 and for rural to Rs 2,500 from Rs 10,000.
The minimum balance requirement for its new savings bank accounts opened on or after August 1 was raised five times to Rs 50,000.
For rural areas, the minimum monthly average balance (MAB) ICICI Bank requires is ₹2,500. This is even lower than the earlier ...
Let's delve into a comparative analysis of the minimum balance requirements by major banks in the country, such as the State ...
ICICI Bank has slashed minimum balance requirements for new savings accounts after backlash over a steep hike. From August 13 ...
The bank's decision comes after strong public criticism, particularly over the earlier increase in urban and metro monthly ...
This decision comes days after the bank faced sharp criticism from customers as well as civil society groups, for raising the ...
Minimum balance requirements for savings accounts are now a hot topic of discussion for Indian bank customers, and recent ...
In a major relief to its customers, ICICI Bank on Thursday announced a rollback of its recent decision to hike the minimum ...
ICICI Bank, India's second-largest private sector lender, has partially rolled back its controversial move to sharply ...
ICICI Bank has reduced the minimum balance for new savings accounts opened on or after August 1, 2025, after facing backlash ...