{"id":1298879,"date":"2025-08-15T10:18:46","date_gmt":"2025-08-15T04:48:46","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1298879"},"modified":"2025-08-15T10:19:21","modified_gmt":"2025-08-15T04:49:21","slug":"you-need-rs-15000-to-maintain-min-balance-in-icici-account-not-rs-50000","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/you-need-rs-15000-to-maintain-min-balance-in-icici-account-not-rs-50000\/","title":{"rendered":"You Need Rs 15,000 To Maintain Min Balance In ICICI Account, Not Rs 50,000"},"content":{"rendered":"\n<p>ICICI Bank, India\u2019s second-largest private lender, has reversed its recent decision to impose sharply higher minimum average balance (MAB) requirements on new account holders. The bank faced significant criticism after announcing that new savings accounts opened from August 1, 2025, would need a \u20b950,000 MAB in metro and urban branches\u2014five times the earlier requirement of \u20b910,000.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/ICICI-Bank-1280x720-1-1024x576-1.jpg\" alt=\"You Need Rs 15,000 To Maintain Min Balance In ICICI Account, Not Rs 50,000\" class=\"wp-image-1298888\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/ICICI-Bank-1280x720-1-1024x576-1.jpg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/ICICI-Bank-1280x720-1-1024x576-1-300x169.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/ICICI-Bank-1280x720-1-1024x576-1-768x432.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Following widespread backlash from customers and industry observers, the bank has now <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/icici-bank-withdraws-rs-50000-minimum-balance-rule-for-urban-locations-revises-mab-requirements-check-details-here\/articleshow\/123283847.cms\">revised<\/a> its MAB norms to a more moderate \u20b915,000 for metro\/urban locations, \u20b97,500 for semi-urban, and \u20b92,500 for rural branches. These revised rates are still higher than previous levels but far lower than the initial hike.<\/p>\n\n\n\n<p>In a statement, ICICI Bank acknowledged the feedback, saying the changes were made to \u201cbetter reflect customer expectations and preferences.\u201d The bank clarified that the new MAB rules apply only to accounts opened on or after August 1, 2025.<\/p>\n\n\n\n<p><strong>Who Is Exempt?<\/strong><br>The bank stated that these changes do not apply to salary accounts, senior citizens and pensioners (above 60 years), BSBDA\/PMJDY accounts, or accounts for people with special needs. Existing savings accounts opened before July 31, 2025, will also remain unaffected.<\/p>\n\n\n\n<p><strong>ATM Transaction Charges<\/strong><br>Alongside the MAB revision, ICICI Bank detailed its ATM transaction policies:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ICICI Bank ATMs<\/strong>: First five cash withdrawals are free per month; thereafter, \u20b923 per financial transaction applies. Non-financial transactions (balance inquiry, mini statement, PIN change) remain free.<\/li>\n\n\n\n<li><strong>Non-ICICI Bank ATMs (Metro Cities)<\/strong>: First three transactions (financial or non-financial) are free; thereafter, \u20b923 for financial and \u20b98.5 for non-financial transactions.<\/li>\n\n\n\n<li><strong>Other Locations<\/strong>: First five transactions are free; post that, the same charges as above apply.<\/li>\n<\/ul>\n\n\n\n<p>Industry analysts suggest that the initial hike may have been aimed at discouraging low-value accounts, but the swift rollback reflects the importance of customer trust in the highly competitive banking sector.<\/p>\n\n\n\n<p>With this move, ICICI Bank appears to be balancing operational costs with public sentiment, ensuring that customers\u2014especially those in rural and semi-urban areas\u2014are not overburdened by steep account maintenance requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Bank, India\u2019s second-largest private lender, has reversed its recent decision to impose sharply higher minimum average balance (MAB) requirements on new account holders. The bank faced significant criticism after announcing that new savings accounts opened from August 1, 2025, would need a \u20b950,000 MAB in metro and urban branches\u2014five times the earlier requirement of [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1298888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[610],"class_list":["post-1298879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-icici-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>You Need Rs 15,000 To Maintain Min Balance In ICICI Account, Not Rs 50,000 - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/you-need-rs-15000-to-maintain-min-balance-in-icici-account-not-rs-50000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You Need Rs 15,000 To Maintain Min Balance In ICICI Account, Not Rs 50,000 - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"ICICI Bank, India\u2019s second-largest private lender, has reversed its recent decision to impose sharply higher minimum average balance (MAB) requirements on new account holders. The bank faced significant criticism after announcing that new savings accounts opened from August 1, 2025, would need a \u20b950,000 MAB in metro and urban branches\u2014five times the earlier requirement of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/you-need-rs-15000-to-maintain-min-balance-in-icici-account-not-rs-50000\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-15T04:48:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-15T04:49:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/ICICI-Bank-1280x720-1-1024x576-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/you-need-rs-15000-to-maintain-min-balance-in-icici-account-not-rs-50000\/\",\"url\":\"https:\/\/trak.in\/stories\/you-need-rs-15000-to-maintain-min-balance-in-icici-account-not-rs-50000\/\",\"name\":\"You Need Rs 15,000 To Maintain Min Balance In ICICI Account, Not Rs 50,000 - Trak.in - Indian Business of Tech, Mobile &amp; 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