ICICI Bank Hikes Minimum Average Balance Requirement for New Savings Accounts

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Image source: Fortune India



By Mohammed Usman A


ICICI Bank has increased the minimum average balance (MAB) requirement for savings accounts opened on or after August 1, 2025. The private sector lender announced that the new rule applies to both urban and semi-urban branches, with higher MAB thresholds aimed at encouraging customers to maintain a steady balance.


According to the bank, customers opening savings accounts after the specified date will need to keep a minimum average monthly balance that is higher than the earlier limit. Failure to maintain the required MAB could result in penalty charges.


Existing account holders who opened their savings accounts before August 1 will continue under the old terms and will not be affected by the revised requirements.


The move aligns with a broader trend in the banking sector, where financial institutions are adjusting account terms to balance operational costs with customer service offerings. ICICI Bank has urged customers to review the updated charges and benefits before opening a new account.


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