Icici bank: Private sector bank ICICI Bank has given a big blow to its customers. The bank has issued a new rule regarding its minimum average monthly balance (MAB). The bank has increased the existing MAMB directly from Rs 10,000 to Rs 50,000 for the savings account to be opened on or after 1 August, 2025.
This rule is applicable only to metro cities and cities. That is, the customers of the bank living here will have to keep an average balance of Rs 50,000 in their savings account during a month. Whereas earlier there was a need to keep only 10,000 rupees. Overall, the bank has increased its Mamb by 5 times.
Different rules in cities and villages
At the same time, customers in semi-ibn branches will now have to keep a minimum average balance of Rs 25,000 instead of Rs 5,000 during a month. At the same time, the minimum average balance in rural branches has been increased from 5,000 to 10,000. That is, only two times have been increased.
These updated terms and conditions of the bank will apply only to newly opened savings accounts from the effective date, the customers of ICICI Bank who fail to maintain the revised minimum amount in their account from August 1, will have to face penalty as per the updated fee schedule.
Changes in cash transactions also
Apart from this, the bank has also changed the charge of cash transactions. Customers will now get the facility of three free cash deposits per month on branches and cash recycler machines. After this, a fee of Rs 150 will be charged on every additional transaction. Every month you will be able to deposit up to 1 lakh rupees at a time. After this, a fee of 3.5 % or Rs 150 will be charged per 1,000 rupees per 1,000 rupees. Third party cash deposit limit has been fixed up to Rs 25,000.
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