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ICICI lowers min balance to Rs 15K

PTI

New Delhi, Updated At : 02:00 AM Aug 14, 2025 IST

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In a U-turn, ICICI Bank has slashed the minimum monthly average balance (MAB) requirement to Rs 15,000 from earlier steep hike of Rs 50,000, citing “valuable feedback” from customers.

The minimum balance requirement for its new savings bank accounts opened on or after August 1 was raised five times to Rs 50,000.

Similarly, the MAB for semi-urban and rural locations have been revised downwards to Rs 7,500 and Rs 2,500 respectively. Most public sector banks have removed their minimum balance charges.

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ICICI lowers min balance to Rs 15K

PTI

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