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ICICI Bank New Savings Account Minimum Balance Hike 2025

11 August 20251 min read
BANKING & FINANCEICICI Bank NewSavings AccountMinimum BalanceHike 202511 August 2025safalsetu.com

Why in the news

ICICI Bank sharply raised the balance new savings customers must maintain at city and semi-urban branches.

BranchMAB
Urban₹50,000 (earlier ₹10,000)
Semi-urban₹25,000
Rural₹10,000, no change

About MAB

  • Minimum sum to keep in an account over a month or quarter, computed as the average of daily closing balances.
  • Seen as prioritising high-value customers and covering operating costs and liquidity management.

Exam angle

  • Banks, not RBI, set MAB; effective for accounts opened from 1 August 2025.

Test yourself

1. What is the new MAB for ICICI Bank's new savings accounts at urban branches?

Urban branches now need ₹50,000, up from ₹10,000.

2. According to RBI's clarification on ICICI Bank's MAB hike, who decides minimum balance requirements?

RBI said MAB policies are at each bank's discretion.

3. How is Minimum Average Balance (MAB) calculated?

MAB is the average of daily closing balances over a month or quarter.

This topic is part of Daily Current Affairs 10 & 11 August 2025 (15 topics).

All topics of the dayDay quizAugust 2025

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