ICICI lowers min balance to Rs 15K

PTI

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

File

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

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.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles