ICICI Bank revises minimum account balance to ₹15,000 from ₹50,000
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ICICI Bank has revised its minimum average balance (MAB) for new savings accounts in metro and urban areas from ₹50,000 to ₹15,000, effective August 1. MAB for semi-urban locations is now ₹7,500, and for rural areas, it is ₹2,500. This change follows customer feedback after the initial increase. The new MAB is still higher than previous requirements, which were ₹10,000 for metro and urban areas, and ₹5,000 for semi-urban and rural branches. Other banks maintain a MAB of ₹10,000 in metro areas, while some state-owned banks have waived minimum balance requirements.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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