ICICI Bank hikes minimum balance to ₹50,000 on savings account: What does it mean?
ICICI Bank has raised the minimum average balance required for new savings accounts opened from August onwards.
According to the lender’s official website, in metro and urban regions, the minimum average monthly balance (MAMB) now stands at ₹50,000 from the previous ₹10,000. For semi-urban branches, it is ₹25,000 from ₹5,000, and in rural branches, the requirement has doubled to ₹10,000 from ₹5,000.
