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What’s behind ICICI Bank’s move to hike the minimum balance requirement?

A more value-for-money customer is one objective of ICICI Bank’s higher minimum balance requirement. There are also some cost pressures in the backdrop.

ICICI Bank revises minimum balance requirements: What are the new rules?

ICICI Bank had raised minimum balance requirement for its new savings bank accounts for metro, urban locations opened on or ...

ICICI Bank withdraws Rs 50,000 minimum balance rule for urban locations; revises MAB requirements; check details here

ICICI Bank faced widespread criticism after announcing a significant increase in minimum balance requirements for new account ...
The Financial Express2d

ICICI Bank removes Rs 50000 minimum balance requirement after backlash, reduces amount

The ICICI bank on Wednesday revised its minimum balance requirement for new savings account after massive backlash for ...

ICICI Bank REVISES minimum balance requirement after backlash: Here are the new rules

For rural areas, the minimum monthly average balance (MAB) ICICI Bank requires is ₹2,500. This is even lower than the earlier ...

ICICI Bank Slashes Minimum Balance After Backlash – But Watch Out for New Penalty

ICICI Bank has slashed minimum balance requirements for new savings accounts after backlash over a steep hike. From August 13 ...

After ICICI Bank row, HDFC Bank clarifies no change in minimum balance rule

ICICI Bank, India's second-largest private sector lender, has partially rolled back its controversial move to sharply ...
Deccan Chronicle2d

ICICI Bank Cuts Minimum Balance After Backlash

SBI has also revised its Immediate Payment Service (IMPS) transaction charges for retail customers from August 15, and for ...

ICICI Bank makes U-turn, reduces Minimum balance limit of Rs 50,000, the new limit is Rs….

The ICICI has revised the minimum monthly average balance (MAB) requirement for savings accounts in metro and urban areas.

ICICI Bank raises minimum balance requirement for new savings accounts to ₹50,000

ICICI Bank raises minimum balance requirement for new savings accounts to ₹50,000, impacting rural and semi-urban customers.

ICICI Bank reverses recent changes to minimum balance rules; these account holders no longer need to maintain Rs 50,000 average

Now, with effect from August 1, new ICICI Bank savings accounts will attract a minimum balance requirement of Rs 15,000 in ...

ICICI Bank stands down, cuts minimum balance after customer ‘feedback’

ICICI Bank has revised minimum monthly average balance to ₹15,000 from ₹50,000 earlier to "better reflect customers ...