ICICI Bank Withdraws Rs 50,000 Minimum Account Balance Requirement Amid Backlash

ICICI Bank Minimum Balance Update: ICICI Bank has rolled back its recent decision to increase the minimum average monthly balance (MAMB) requirement for new savings bank accounts in metro and urban areas. The bank announced that, with immediate effect, the MAMB for such accounts will be Rs 15,000, instead of the Rs 50,000 decided earlier.

The minimum monthly average balance (MAB) for savings bank accounts till July 31, 2025, for ICICI Bank customers was Rs 10,000.

Last week, the private sector lender had earlier revised the MAMB for new accounts opened on or after August 1, 2025, in metro and urban branches from Rs 10,000 to Rs 50,000. The sharp hike had drawn strong feedback from customers and prospective account holders, leading the bank to reconsider the move.