If you are planning to open your account in ICICI Bank, then it is important to know about a big change made towards the bank recently. While changing the rules, ICICI Bank has strongly increased the minimum amount or minimum average amount limit in the savings account. ICICI Bank has increased it by five times and now it is necessary to keep Rs 50,000, not at least Rs 10,000 in the account. Along with this, many more rules have also been changed. Let’s understand in the format of questions and answers …
Question- What has been implemented MAB ROUL?
Answer- Yes, the change of increasing the minimum amount balance in the savings account by ICICI Bank has been made effective from August 1 itself.
Question: Can RBI turn over ICICI Bank’s minimum balance decision?
answer: When RBI Governor Sanjay Malhotra was questioned about the 50 thousand minimum balance of ICICI Bank, he said that the decision regarding minimum balance is in the bank’s jurisdiction, in which the central bank ie RBI cannot do anything. He said, ‘The Reserve Bank of India has left the task of setting up the limit of minimum balance to banks. Some banks have removed it 10000 rupees, some by 2000 rupees and some have completely removed it.
Question- What is the same rule from metro to rural?
Answer- These changes have been made by the bank to all customers in the metro, urban and rural areas and the pre -fixed MAB limit has been increased. Now the account holders in metro and urban branches will have to keep a Jagab of Rs 10,000 in a savings account at least Rs 50,000. At the same time, it has been increased from Rs 5,000 to Rs 25,000 in semi-ibn branches. However, rural customers will now have to keep Rs 10,000 in the account instead of earlier Rs 2,500.
Question- Will the rules apply to all accounts?
Answer- No, it has been clearly stated by the bank that these changes related to the minimum amount balance are being implemented only on those accounts, which have been opened from the date of implementation of this change. Meaning, customers who open new accounts from August 1, 2025 will have to keep such an amount in their savings account. However, it has become the most difficult standard in domestic banks.
Question- Does existing customers also have an impact?
Answer- As stated, the revised rules regarding the minimum amount balance will be applicable only to new accounts opened from August 1, 2025. For the current customers, the pre -conditions of their current account will continue, unless the bank gives information about these changes separately.
Question- What will happen to salary account holders?
Answer- This Rule change will have no effect on the salary account holders of ICICI Bank. Because, Salary Accounts usually have zero-balance accounts, that is, there is no need to maintain any minimum balance in them.
Question-What will happen if not having a balance?
Answer- A fine will be imposed. Changing the rules by the bank, it has been said that if a customer fails to maintain the required minimum balance in the account, then the less balance will be 6 percent or 500 rupees, which will be less. However, some customers have also been exempted from this fee, including family banking account holders and pensioners’ accounts.
Other changes in ICICI Bank
Other updates have also been issued by the bank, including the charge to the debit car charge after the end of the free transaction limit. Under this, customers get three free transactions from Non ICICI bank ATMs in six metros Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad, after which Rs 23 will have to be paid for Rs 23 on each transaction and Rs 8.5 for balance check. Other cities have a maximum of 5 free transactions permission. At the same time, Rs 125 per transaction is applicable from international ATM to withdrawal and 3.5% charge on currency exchange.
Apart from this, the annual charge for ICICI Bank Debit Card will be Rs 300, while it will be Rs 150 for customers in rural areas. The car is Rs 300. To get a monthly statement in the branch or from phone banking from the bank, a charge of Rs 100 will have to be paid, while the customers of internet banking can withdraw it for free.
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