ICICI Bank has announced a sharp increase in the minimum average monthly balance (MAB) requirement for its savings account holders in metro and urban locations. Effective October 1, 2025, customers in these areas will need to maintain a minimum balance of Rs 50,000, compared to the current requirement of Rs 10,000.
The move marks a fivefold jump in the balance requirement, aimed at revising the bank’s account maintenance norms in line with market conditions. According to the bank’s updated schedule of charges, non-maintenance of the minimum balance will attract penalties as per the revised slab rates, which will also come into effect from October 1.
The revision applies only to customers with savings accounts in metro and urban branches, while semi-urban and rural account holders will continue with the existing minimum balance requirements. ICICI Bank has advised customers to review their account balances ahead of the change to avoid non-maintenance charges.
The update is part of a broader industry trend where banks are reviewing account-related fees and conditions to align with evolving cost structures and deposit mobilization strategies.
