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 bank will charge Rs 23 per financial transaction/cash withdrawals from ATMs post 5 transactions, however all nonfinancial transactions will remain free. If a transaction is denied at other banks ...

ICICI Bank minimum balance (MAB) requirements have been revised after an earlier steep hike of ₹50,000, following “valuable ...

ICICI Bank has slashed minimum balance requirements for new savings accounts after backlash over a steep hike. From August 13 ...

Let's delve into a comparative analysis of the minimum balance requirements by major banks in the country, such as the State ...

For rural areas, the minimum monthly average balance (MAB) ICICI Bank requires is ₹2,500. This is even lower than the earlier ...

ICICI Bank, India's second-largest private sector lender, has partially rolled back its controversial move to sharply ...

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 ...

The money kept in the ICICI savings account earns an interest of 2.5% per year. However, many feel that this interest rate is ...

The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB ...