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.

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

The bank's decision comes after strong public criticism, particularly over the earlier increase in urban and metro monthly ...

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

This decision comes days after the bank faced sharp criticism from customers as well as civil society groups, for raising the ...

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 ...

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

Minimum balance requirements for savings accounts are now a hot topic of discussion for Indian bank customers, and recent ...

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

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

Rs 15,000 for customers in metro and urban areas, Rs 7,500 for semi-urban customers, and Rs 2,500 for those in rural ...