Want us to help you with anything?
Request a Call back
Savings Account
Where can I check my MAB requirement for the Account?
You can check the required minimum Monthly Average Balance (‘MAB’) and your current MAB being maintained in your Savings Account, through the following options:
-
Internet Banking: Logged in section > Bank Accounts > Accounts > Monthly Average Balance details
-
Mobile Banking: Accounts & FD/RD > Click on Savings Account No. > More Options > Monthly Average Balance details > Click on Submit
-
Alternate Path: Mobile Banking > Statement > More Options > Monthly Average Balance details > Click on Submit
-
-
Call our Customer Care to know your MAB details.
Will I get charged if I am maintaining a Fixed Deposit (FD) and no balance in the Savings Account?
You will not get charged if you have been maintaining the FD amount as per product requirement as per the minimum Monthly Average Balance (MAB).
Is there a change in requirement of minimum Monthly Average Balance (MAB) or calculation of MAB criteria for my Account?
There is no change in the MAB requirement or the calculation criteria of MAB for your Account.
I opened the Account for cash transactions only. I do not want to pay charges?
You can upgrade your existing Account to a Regular Savings Account with ICICI Bank, where you will be required to maintain the minimum Monthly Average Balance (MAB) in the upgraded Account. You can avail free transactions as per the terms and conditions applicable to your product variant. If you do not maintain the required MAB, your Account will be subject to cash transaction charges.
What are the changes proposed in my Account?
With a view to promote digital transactions, ICICI Bank Limited (‘ICICI Bank’) encourages customers to withdraw cash by using their Debit Card at any Bank’s ATMs and transfer funds through NEFT/RTGS/UPI using Mobile Banking or Internet Banking at zero charges. To promote the same, ICICI Bank will be incorporating the below clause in the terms and conditions.
In addition to the charges applicable to your Savings Account and according to the tariff guide/schedule of charges/terms and conditions, all cash transactions at ICICI Bank Branches (both deposit and withdrawal) or cash deposits done at ICICI Bank’s cash recycler machines, will be charged at Rs 100 (per transaction) for the first two transactions and Rs 125 (per transaction) for any subsequent transaction, if the applicable minimum Monthly Average Balance (‘MAB’) required is not maintained in your Savings Account.
How can I convert my Account to Basic Savings and Bank Deposits Account (BSBDA)?
Please visit any ICICI Bank Branch, fill up the BSBDA conversion form and provide the modification request.
If you require any further information, please call our Customer Care or visit any ICICI Bank Branch.
Are ATM transactions included in Branch Cash Transactions?
ATM transactions are excluded from these changes. Continue to avail free transactions at ATMs depending on the terms and conditions applicable to your product variant.
I have opened an Asset Linked Savings Account (ALSA)/Easy Receive Account/Woman Account. I was told that I do not have to maintain any MAB in my Account. Will I get charged?
As per the terms and conditions applicable to your Savings Account, if you do not fulfil the criteria, your Savings Account will be subject to minimum Monthly Average Balance (MAB) requirement. No charges will be levied, if you have been fulfilling the criteria or maintaining the required MAB.
Call our Customer Care or visit any branch to know more details regarding your Account variant.
I have opened an Asset Linked Savings Account (ALSA) or Easy Receive Account or Woman Account, etc., I was told that I did not have to maintain any MAB in my account. Will I get charged now?
As per the terms and conditions applicable to your Savings Account, if you do not fulfil the criteria, your Savings Account shall become subject to minimum Monthly Average Balance (MAB) requirement. If you have been fulfilling the criteria or maintaining the required MAB, no charges will be levied.
You may call our Customer Care or visit the nearest branch to know about any details pertaining to your account variant.
What are my options if I do not agree to these proposed changes?
If you do not agree with the changes to the terms and conditions, you have the option to convert your Savings Account to a Basic Savings and Bank Deposits Account (BSBDA) or close your Account with us.
If you already have a BSBDA Account with another bank, you cannot open another BSBDA Account. Also, if you wish to open a BSBDA Account, you cannot maintain any other Savings Account with us.
I opened a Gold/Titanium/Magnum Account and was told that I could avail free cash transaction facilities across India. Will I get charged?
As per the terms and conditions applicable to the product variant opted by you, all cash transactions are free. This feature is available until you maintain the required minimum Monthly Average Balance (‘MAB’) as per the terms and conditions applicable.
Who are these changes applicable to?
All customers who do not fulfil the terms and conditions criteria applicable to their Account, are subject to minimum Monthly Average Balance (MAB) requirement. Charges will be levied to any customer not maintaining the required MAB in their Account.
