ICICI Bank Sets ₹50,000 Minimum Balance for New Savings Accounts from August 1, 2025

Higher balance rules to apply in metro and semi-urban areas; penalties for non-compliance

ICICI Bank has revised its savings account policy, making it mandatory for customers opening new accounts from August 1, 2025, in metro and semi-urban branches to maintain a minimum balance of ₹50,000. Previously, the average monthly balance (AMB) requirement was ₹10,000.

 

According to the bank’s official announcement, semi-urban branches will now require a minimum balance of ₹25,000, while rural branches will see the AMB raised from ₹2,500 to ₹10,000. Customers who fail to maintain the prescribed AMB will be penalized with a charge of 6% of the shortfall amount, subject to a minimum of ₹500 per month.

 

The new rule applies only to accounts opened after August 1, 2025, while existing account holders will continue under the earlier AMB guidelines. Salary accounts, Pradhan Mantri Jan Dhan accounts, and specific senior citizen and digital savings accounts are exempted from these changes.

 

ICICI Bank stated that maintaining higher balances will offer customers special benefits, including free unlimited cash withdrawals, waived demand draft charges, and complimentary remittance services.

The move comes as several major public-sector lenders, including the State Bank of India, Bank of Baroda, Punjab National Bank, and Indian Bank, have already aligned their account policies with stricter balance requirements.