A more value-for-money customer is one objective of ICICI Bank’s higher minimum balance requirement. There are also some cost ...

ICICI Bank raises minimum balance requirement for new savings accounts to ₹50,000, impacting rural and semi-urban customers.

Notably, the State Bank of India (SBI) eliminated its minimum balance requirement entirely for savings accounts-both rural ...

ICICI Bank had raised minimum balance requirement for its new savings bank accounts for metro, urban locations opened on or after Aug 1 five times to ₹50,000.

In metro and urban branches, the minimum average balance will jump from Rs 10,000 to Rs 50,000. For semi-urban areas, it will increase from Rs 5,000 to Rs 25,000.

ICICI Bank has rolled back its rule requiring new savings accounts opened after Aug 1 to maintain a monthly average balance ...

Check how much you need to maintain in HDFC, SBI, Kotak Mahindra, among other private and public sector banks’ savings ...

a steep jump from the current Rs 10,000. In semi-urban areas, the MAB will rise from Rs 5,000 to Rs 25,000, while rural accounts will require Rs 10,000, up from Rs 2,500. ICICI Bank will impose a ...

The RBI has clarified that individual banks determine Minimum Average Balance (MAB) requirements for savings accounts. While ...

India’s second-largest private lender, ICICI Bank, has announced a significant increase in the minimum average monthly ...