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Savings Account interest offered by ICICI Bank (as in 2025) is determined by the sum in the Account at the end of the day. The interest rate is 3% for Accounts with balances under ₹ 50 lakh. However, the interest rate rises to 3.50% if the balance is ₹ 50 lakh or above.
Savings Account Interest Rates
| On Balances (in ₹) | Rate of Interest (% p.a.) |
| End-of-day balance below ₹ 50 lakh | 3.00 |
| End-of-day balance of ₹ 50 lakh and above | 3.50 |
Features of ICICI Bank NRI Savings Account
- Easy account opening with minimal documentation
- Effortless banking across borders
- Multiple saving options across Savings Accounts and Deposits
- Instant payment & fund transfer solutions like fast and secure UPI
- Invest, Save and Trade with the 3-In-1 Savings, Demat and Trading Account
- Digital banking solutions.
Savings Account Interest FAQs
There are various factors that affect the Savings Account interest rate, such as the monetary policy set by the Central Bank, inflation and prevailing market conditions. Other factors such as the financial performance and business strategy of the Bank, may also play a role in determining the interest rate.
Interest on Savings Accounts is calculated as per the daily balance. The interest rate is fixed and the interest earned gets credited every quarter, at the end of March, June, September and December. This helps grow your savings slowly by guaranteeing that you receive interest regularly throughout the year.
A Savings Account offers multiple benefits such as easy access to funds, cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS. With an ICICI Bank Savings Account, you also earn regular interest that is credited quarterly. It provides a secure place to save money while offering flexibility and additional financial benefits.
