ICICI Bank permanently discontinued the Regular Savings Account for new customers?

[uipolo]

Hey everyone,
I’ve been trying to gather clarity around ICICI Bank's Regular Savings Account. On their official website, the product page now shows a PDF titled “Regular Savings Account (Discontinued)”, and inside it, they clearly mention:

> “Incremental sourcing for this product has been discontinued.”
( PDF ATTACHED)

To me, that sounds like ICICI has permanently stopped offering the Regular Savings Account to new customers.

“I’m currently in an ongoing back-and-forth with the Branch Manager of my nearest ICICI Bank branch regarding the unavailability of the Regular Savings Account, as they are refusing to open it and insisting on higher-tier accounts instead.”

Till now from last one week I did lots of complaint through mail and icici social media team ( X ) to icici official but they are not ready to open regular saving account.
∆ In last one week ,They contacted me via phone call 2 times , but they keep denying again and again for regular savings account refers to INTERNAL ELIGIBILITY CRITERIA.
Also hade conference call with BM and ICICI OFFICAL but they are not ready for REGULAR.

 

[hender]

Hey everyone,
I’ve been trying to gather clarity around ICICI Bank's Regular Savings Account. On their official website, the product page now shows a PDF titled “Regular Savings Account (Discontinued)”, and inside it, they clearly mention:

> “Incremental sourcing for this product has been discontinued.”
( PDF ATTACHED)

To me, that sounds like ICICI has permanently stopped offering the Regular Savings Account to new customers.

“I’m currently in an ongoing back-and-forth with the Branch Manager of my nearest ICICI Bank branch regarding the unavailability of the Regular Savings Account, as they are refusing to open it and insisting on higher-tier accounts instead.”

Till now from last one week I did lots of complaint through mail and icici social media team ( X ) to icici official but they are not ready to open regular saving account.
∆ In last one week ,They contacted me via phone call 2 times , but they keep denying again and again for regular savings account refers to INTERNAL ELIGIBILITY CRITERIA.
Also hade conference call with BM and ICICI OFFICAL but they are not ready for REGULAR.

If you are opening online -u can try Insta Save normal Saving - link below
(As directly they are showing 3in1 on new website) -

Apply for ICICI Bank Products and Services | ICICI Bank

Access the online application form to apply for a wide range of banking products and services. Fill out the form securely and conveniently to initiate your banking journey. Start today!

buy.icicibank.com

 

[uipolo]

If you are opening online -u can try Insta Save normal Saving - link below
(As directly they are showing 3in1 on new website) -

Apply for ICICI Bank Products and Services | ICICI Bank

Access the online application form to apply for a wide range of banking products and services. Fill out the form securely and conveniently to initiate your banking journey. Start today!

buy.icicibank.com

Abe ye kon sa link diya hai error bata raha har time

 

[hender]

Abe ye kon sa link diya hai error bata raha har time

Which browser are you using?

 

[uipolo]

Which browser are you using?

Chrome browser .

 

[hender]

Chrome browser .

It's ok browser wise, may be some issue at backend. Try in a day or two.
If it continues, means they are not allowing as of now.

 

[y2k]

The link shared above (quoted here) takes to a 404 error page or maybe it is true that they have stopped new accounts? I was planning to open a new account soon for the purpose of getting CC offers from them. Well.

The message I get on the page "We are not able to process your application right now. Please try again after 30 minutes." Looks like a generic message.

If you are opening online -u can try Insta Save normal Saving - link below
(As directly they are showing 3in1 on new website) -

Apply for ICICI Bank Products and Services | ICICI Bank

Access the online application form to apply for a wide range of banking products and services. Fill out the form securely and conveniently to initiate your banking journey. Start today!

buy.icicibank.com

 

[hender]

The link shared above (quoted here) takes to a 404 error page or maybe it is true that they have stopped new accounts? I was planning to open a new account soon for the purpose of getting CC offers from them. Well.

The message I get on the page "We are not able to process your application right now. Please try again after 30 minutes." Looks like a generic message.

Buddy, it seems they fixed it.
Now only account type - which they are promoting now a days, only showing/process further online.
You can try offline via branch, to open account.

 

[uipolo]

Buddy, it seems they fixed it.
Now only account type - which they are promoting now a days, only showing/process further online.
You can try offline via branch, to open account.

I have on going issue with ICICI from last 2 week no proper response from them. They are not ready to open my regular saving account. What to do now .

 

[hender]

I have on going issue with ICICI from last 2 week no proper response from them. They are not ready to open my regular saving account. What to do now .

Actually both online offline not supporting you at this juncture. If you can go with as reference/recommendation with someone to other branch, might work.

 

[TECHXYZ]

agree, open 360 family banking and then downgrade!

 

[drvirag]

They can't refuse bsbda ac. Go to branch n ask. If they refuse then tell them i am going to complain rbi. Later u can upgrade to any variant u want.

 

[cardio_guycardio_guy is verified member.]

Even I faced the same problem a few months back. What the bransh staff says is correct - ICICI has infact stopped regular savings account.

You can open a savings account with 1L initial funding - that is the lowest regular savings account that you can open with ICICI.
(some branches agree for 50k). This account variant is called Privilege.
Some branches will push for 3-in-1 account. - in this case, they will deduct 999 + GST after a few days of opening the acocunt towards demat charges.

third way - if you are salaried, open a salary account and don't make it your salary account (means, don't give this account details to your employer). It will be 0 balance account for 3-6 months and after that, they will convert it to regular savings account with 10k MAB requirement. (again, depends on your luck, for many people, this conversion never happened, and ICICI doesn't care much, but maybe going forward, it will be stricter)

Apart from this, you cannot open a regular savings account in ICICI bank. @OptiCard can throw more light here.

 

[OptiCard]

Generally ICICI forces to opens 3-in-1 account (Savings + Demat).

If you have wish to open the salary account then bargain with them for LTF Demat account. When I was having salary account with ICICI, I got the ICICIDirect as an free (no account charges at all. Even includes free brokerage of Rs.2500 that time for 1 year).
You can close the Demat account if you don't want it later.

Now depends on salary & investments what type of account you get. If you can invest good amount (or good salary figures) then try for private or wealth.

For no salary account or with less investment but have good credit card limit (>=4L):
I suggest to open the 2 accounts (you can ask your family member) and enroll for Family 360 before 1st July (else debit card annual charges be there if apply on/after 1st July).

For single account, you can opt privilege still --> I don't think if you visit branch and they deny to open the account (they get commission with account opening so you're the boss).

Note:
Family 360 is just addon over Privilege kind of accounts. You can't opt for Family 360 code over wealth/private account as those are high variant accounts.


If you don't want branch headache then give the online account opening try https://campaigns.icicibank.com/cas...avings-account-main_open-saving-accountCTAbtn

 

[y2k]

Buddy, it seems they fixed it.
Now only account type - which they are promoting now a days, only showing/process further online.
You can try offline via branch, to open account.

Offline is a huge headache. I have a joint account there but as a second name thy don't consider my salary for credit card or any other benefit. For the sake of a LTF Sapphiro I was planning to open a new account. Lets see. I am not sure which other variants will fit my case better and if it will even work at all.

 

[hender]

Offline is a huge headache. I have a joint account there but as a second name thy don't consider my salary for credit card or any other benefit. For the sake of a LTF Sapphiro I was planning to open a new account. Lets see. I am not sure which other variants will fit my case better and if it will even work at all.

Than it must be easy, you already have Customer ID in the system, have you tried online opening?
Mail/Call CC.

 

[uipolo]

They can't refuse bsbda ac. Go to branch n ask. If they refuse then tell them i am going to complain rbi. Later u can upgrade to any variant u want.

After complain , he is ready to open BSBDA account., are u sure they will upgrade my account to any varient I want 🤨

 

[drvirag]

After complain , he is ready to open BSBDA account., are u sure they will upgrade my account to any varient I want 🤨

They can't refuse. Its govt rule. Otherwise 1 aur complain kar dena. Complain k paise thodi lagte hain

 

[uipolo]

Even I faced the same problem a few months back. What the bransh staff says is correct - ICICI has infact stopped regular savings account.

You can open a savings account with 1L initial funding - that is the lowest regular savings account that you can open with ICICI.
(some branches agree for 50k). This account variant is called Privilege.
Some branches will push for 3-in-1 account. - in this case, they will deduct 999 + GST after a few days of opening the acocunt towards demat charges.

third way - if you are salaried, open a salary account and don't make it your salary account (means, don't give this account details to your employer). It will be 0 balance account for 3-6 months and after that, they will convert it to regular savings account with 10k MAB requirement. (again, depends on your luck, for many people, this conversion never happened, and ICICI doesn't care much, but maybe going forward, it will be stricter)

Apart from this, you cannot open a regular savings account in ICICI bank. @OptiCard can throw more light here.

Initially, the Branch Manager was ready to open a 3-in-1 account, but after the complaint, he is no longer willing to open it.
However, he is ready to open a BSBDA account and a Gold account (₹50,000 MAB).
He is offering only the Gold account now because he knows I can’t maintain it

 

[drvirag]

To Downgrade or upgrade ac