ICICI New Savings Account Users MAB Updated - August 1st 2025

[sun156]

I think soon the bank will announce that it is a clerical error placed by a team
may be their PR strategy

 

[iamabhisekagar]

I think it's a clerical error...may be it is 5000, 2500 and 1000

However if not then Private Banks are digging their own grave

 

[SSquad]

Jinka privilege account upgrade hua tha via cc limit ke base pe unka bhi criteria change hoga ya wahi hai 4 lac ?

There's no clarity on this, privilege account with CC limit might get revised as well.

 

[sun156]

I think it's a clerical error...may be it is 5000, 2500 and 1000

However if not then Private Banks are digging their own grave

no bro they want more customers thats why
now bank staff will be full busy with opening accounts

after so many days bro how r u
Does your ICICI Rupay platinum DC working in CASH DEPOSIT MACHINE for loading Cash into ur account

 

[SSquad]

So, ICICI is going to introduce banking program similar to IDFC First Bank.

Savings account with requisite MAB 50k (metro), 25k (semi urban), 10k (rural) plus the following.

Select banking: Deposits and balance of 2 lac or deposits, balance, mutual funds, demat of 25 lac.
Wealth management: Deposits and balance of 10 lac or deposits, balance, mutual funds, demat of 50 lac.
Private banking: Deposits and balance of 50 lac or deposits, balance, mutual funds, demat of 5 cr.

 

[panchabhut]

They have opened too many accounts and now cannot handle them. There are two options for users now. Either close the account or keep one flagship salary account that becomes privilege and then link all other family accounts to it.

 

[iamabhisekagar]

no bro they want more customers thats why
now bank staff will be full busy with opening accounts

after so many days bro how r u
Does your ICICI Rupay platinum DC working in CASH DEPOSIT MACHINE for loading Cash into ur account

I'm fine...Have not used it after January...plus no CDM in my city

 

[Dr.AMAN]

They have opened too many accounts and now cannot handle them. There are two options for users now. Either close the account or keep one flagship salary account that becomes privilege and then link all other family accounts to it.

They should have thought about this earlier. They gave zero balance accounts like candies to whoever applied Amazonpay credit card by sneakily putting the account opening tick box during credit card application. Many people realized it only after credit card application was successful and then didnt care to close those accounts. Currently the number of Amazonpay CC users crossed 50lakh. Atleast half of them might have mistakenly opened savings account during application.

 

[tachniki]

Sometimes I wish to gather all beggars in my city and send them to open bsbda accounts in these banks

With initial funding of Rs 50000 in 5 rs coins.

 

[quino]

With initial funding of Rs 50000 in 5 rs coins.

which will be chargeable due to smaller denominations cash deposit above 50,000.

 

[harshn]

They were doing these practices since 2023 to not open new account except their premier categories like Family 360 , Wealth etc and asking for heavy Initial funding atleast 2 lakh for Family 360

Only officially they hav now made it mandatory to maintain 50k that's it.

I guess only their stock price will effect and go in downtrend and not their long term business.

 

[pranjal1984]

I maintain family 360 Banking with ICICI . What is the procedure to close Family Banking and revert back to normal 10k Privilege banking and 2.5K Young Star account for children? Can it be done?

 

[raghu.rokda]

@raghu.rokda, ICICI Bank - The Finale (last part)?

Returns part coming soon…..

 

[KGSIPO]

They were doing these practices since 2023 to not open new account except their premier categories like Family 360 , Wealth etc and asking for heavy Initial funding atleast 2 lakh for Family 360

Only officially they hav now made it mandatory to maintain 50k that's it.

I guess only their stock price will effect and go in downtrend and not their long term business.

Your assumption of share price going downtrend is wrong. Stock price will increase as it becomes a pure premier bank minting good profits.

 

[desiviru]

Your assumption of share price going downtrend is wrong. Stock price will increase as it becomes a pure premier bank minting good profits.

Yes mostly investors don't think like account holders and these things gives positivity to investor community.

Take example of Airtel who never hesitate to increase prices. People thought customer will move away from Airtel but instead investor community brought Airtel stock from Rs.300 sub levels to 2000 and Airtel also proved everyone wrong. There is nothing premium with Airtel services but they have this clever attitude of selling them as premium and people actually believe them.

So ICICI Bank stock will start gaining more and more.

Higher MAB will help bank have more funds from new customers at low rate of 2.5% only or instead customer will put more money in FDs which will again help bank get more money out of customers.

Banks will always try to have more money at lowest possible interest rates of savings and will push customers to keep money in savings rather than TDs. They can't do it until unless they make MAB this much.

The purpose of having savings account was always keep money in it. But some generation of people think they can have all banking services without paying anything and it is their right to have Zero MAB account and then all kind of services should be offered to them.

My MAB in PNB is Rs.5000 but I keep like 45-50K. I understand everyone can't keep that much money but for that one can have BSDA. Irony is people want service but don't want to pay or adhere to account rules. They always have the right to move to other banks but then they want to use network of pvt banks only like ICICI, HDFC etc. Why not SBI for them which is best presence and ATM network?

 

[cardy]

Yes mostly investors don't think like account holders and these things gives positivity to investor community.

Take example of Airtel who never hesitate to increase prices. People thought customer will move away from Airtel but instead investor community brought Airtel stock from Rs.300 sub levels to 2000 and Airtel also proved everyone wrong. There is nothing premium with Airtel services but they have this clever attitude of selling them as premium and people actually believe them.

So ICICI Bank stock will start gaining more and more.

Higher MAB will help bank have more funds from new customers at low rate of 2.5% only or instead customer will put more money in FDs which will again help bank get more money out of customers.

Banks will always try to have more money at lowest possible interest rates of savings and will push customers to keep money in savings rather than TDs. They can't do it until unless they make MAB this much.

The purpose of having savings account was always keep money in it. But some generation of people think they can have all banking services without paying anything and it is their right to have Zero MAB account and then all kind of services should be offered to them.

My MAB in PNB is Rs.5000 but I keep like 45-50K. I understand everyone can't keep that much money but for that one can have BSDA. Irony is people want service but don't want to pay or adhere to account rules. They always have the right to move to other banks but then they want to use network of pvt banks only like ICICI, HDFC etc. Why not SBI for them which is best presence and ATM network?

Your view point is not wrong.
But in today's banking world 50k for a vanilla regular savings account is a bit out of the track I must say.

 

[techprince]

I like that they have simplified accounts and have kept only one savings account which is 3 in 1 account, one family account and 3 programs. This way, individual people will open Demat and Trading accounts even if they dont operate it. This is a market capture strategy.
BUT MAB is too high. So only high earners will open accounts.

 

[tuhin]

Yes mostly investors don't think like account holders and these things gives positivity to investor community.

Take example of Airtel who never hesitate to increase prices. People thought customer will move away from Airtel but instead investor community brought Airtel stock from Rs.300 sub levels to 2000 and Airtel also proved everyone wrong. There is nothing premium with Airtel services but they have this clever attitude of selling them as premium and people actually believe them.

So ICICI Bank stock will start gaining more and more.

Higher MAB will help bank have more funds from new customers at low rate of 2.5% only or instead customer will put more money in FDs which will again help bank get more money out of customers.

Banks will always try to have more money at lowest possible interest rates of savings and will push customers to keep money in savings rather than TDs. They can't do it until unless they make MAB this much.

The purpose of having savings account was always keep money in it. But some generation of people think they can have all banking services without paying anything and it is their right to have Zero MAB account and then all kind of services should be offered to them.

My MAB in PNB is Rs.5000 but I keep like 45-50K. I understand everyone can't keep that much money but for that one can have BSDA. Irony is people want service but don't want to pay or adhere to account rules. They always have the right to move to other banks but then they want to use network of pvt banks only like ICICI, HDFC etc. Why not SBI for them which is best presence and ATM network?

I don't agree with your point at all, being an ICICI Bank customer from past many years, I must say, this bank doesn't have any good product except top notch digital banking products like iMobile app. Now a days, everyone is coming up new solutions, even PSBs are having good app too like BOB World. So, only one edge couldn't make them survive. I am seeing such 'thuggery' as liquidity crisis internally only. I know, bank has reported a good CASA ratio, even NIM or CAR is also in good shape only little bit rising NPA but I have little doubt on their actual book balance. Simply they are discarding customers & saying, we don't need any low cost deposit. Don't think that people who can really afford 50K MAB like a charm, are sticky in nature rather than creamy middle class section actually built these top tier private banks. Now, ICICI is simply discouraging to bank with. I know STAN C has taken similiar approach but the model they are following is quite different than ICICI. STAN C or HSBC or DBS etc are dependent on NRI Fundings & NRI liabilities as they have huge global presence but ICICI is also lacking that foot print. So, justifying such bluder such step as paying higher cost for service is just excusing a curse. ICICI lending rates are also comparatively higher than other TIER 1 banks, sply DSIB banks so where is the edge actually? I couldn't understand, what is a good service here. Only digital? Thats it!! Even IDFC Bank is offering much more value than ICICI. If they are providing 50K MAB with all other charges free like IDFC or better lending rates like others with a very good digital & branch network, I would say it can be a good step & people should encourage it for the best service but they are looting people. I think, this bank is hiding behind curtains for some serious crisis.

 

[KGSIPO]

I don't agree with your point at all, being an ICICI Bank customer from past many years, I must say, this bank doesn't have any good product except top notch digital banking products like iMobile app. Now a days, everyone is coming up new solutions, even PSBs are having good app too like BOB World. So, only one edge couldn't make them survive. I am seeing such 'thuggery' as liquidity crisis internally only. I know, bank has reported a good CASA ratio, even NIM or CAR is also in good shape only little bit rising NPA but I have little doubt on their actual book balance. Simply they are discarding customers & saying, we don't need any low cost deposit. Don't think that people who can really afford 50K MAB like a charm, are sticky in nature rather than creamy middle class section actually built these top tier private banks. Now, ICICI is simply discouraging to bank with. I know STAN C has taken similiar approach but the model they are following is quite different than ICICI. STAN C or HSBC or DBS etc are dependent on NRI Fundings & NRI liabilities as they have huge global presence but ICICI is also lacking that foot print. So, justifying such bluder such step as paying higher cost for service is just excusing a curse. ICICI lending rates are also comparatively higher than other TIER 1 banks, sply DSIB banks so where is the edge actually? I couldn't understand, what is a good service here. Only digital? Thats it!! Even IDFC Bank is offering much more value than ICICI. If they are providing 50K MAB with all other charges free like IDFC or better lending rates like others with a very good digital & branch network, I would say it can be a good step & people should encourage it for the best service but they are looting people. I think, this bank is hiding behind curtains for some serious crisis.

Nobody is justifying the increase in MAB of ICICI bank. You are correct that their increase in MAB is not accepatble considering the products thay are offering. India has changed a long way and mid level people started travelling by air. No issue in maintaining 50k in savings accounts. As some member written that this bank is already denying opening saving accounts with low balance and they offfcially made it now. What is great difference in low budget phone and high cost phone regarding functionality except speed and camera quaity but iphone is selling like anything in India. The business is marketing and more profit for the banks which are perceieved as more elite. Whenever Airtel price increase to increase ARPU, the airtel share price increases due to more income and profits.

 

[Piyush_]

I have family 360 degree. So question is will it remain as it is or will there be any changes?

Existing users of Savings account has there previous charges ..
new charges has only been applied for members who join ICICI BANK after 1/Aug/2025