From Hike to Relief: ICICI Bank Drops Minimum Balance Requirement:

Great News: ICICI Bank Releases Lower Balance Limit for New Customers If you are a customer of ICICI bank, Here are some great news for you. ICICI Bank has shared this news with its customers and recently has reduced the minimum balance limit. Additionally, it has been said that now the rules of minimum account balance (MAB) of savings accounts have been changed again and give relief to the customers; this limit has been reduced from Rs 50,000 to only Rs 15,000 in metro and urban areas. The new amount has been reduced to Rs 7,500 earlier it was Rs 25,000 in semi-urban areas, whereas in rural areas it has been changed to Rs 2,500 earlier it was Rs 10,000. But the bank has clearly said that if customers keep a lower balance than the mentioned limit in their account, then they will have to pay a penalty.

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Comparison of the latest account limit with the old limit ICICI Bank, while changing its rules, had increased the minimum account balance limit (savings account) by 5 times as compared to the previous one. and after this change, they have a mandate to keep at least Rs 50,000 in the account; earlier it was Rs 10,000. The Bank clarified that these changes related to minimum amount balance are being executed only on those accounts which have been opened from the date of implementation of this change.

Region	Old Minimum Balance	New Minimum Balance
Metro/Urban	Rs 50,000	Rs 15,000
Semi-Urban	Rs 25,000	Rs 7,500
Rural	Rs 10,000	Rs 2,500

Bank said that the new rule changes are made on customers' feedback. the increased limit as well as the reduced limit will come into effect from August 1, 2025. also, the new limit will not apply to salary accounts or accounts of senior citizens and pensioners. Even with the new limit, the old penalty rule will remain applicable. Additionally, these rules are not applicable to existing ICICI customers and for people who opened an account with the bank before August 1, 2025.