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

[tuhin]

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.

Here I am opposing it. You can remember NOTHING PHONE 3 right? Will you consider similar like iPhone or Galaxy S series? No right. Nothing Phone 3 is simply unjustified on that similar price band. Similarly, ICICI Bank.

Now, coming to Share Price Inflation. It can increase further but Airtel & ICICI have huge differences. Atleast Airtel has strong foundation in Telecom industry like competitive pricing, new edge techs, 5G availability etc. what ICICI can offer to us? Only good digital app!!! I don't see a good foundation rather digital service & DSIB category. Hence, such share price hike can inflate PE Ratio but it can burst in future. I am doubting a strong internal crisis in this bank. All the bank customers & shareholders should cautious.

 

[Dr.AMAN]

No wonder their stock is tanking today while other banks' stocks r seeing a rally.

 

[KGSIPO]

Here I am opposing it. You can remember NOTHING PHONE 3 right? Will you consider similar like iPhone or Galaxy S series? No right. Nothing Phone 3 is simply unjustified on that similar price band. Similarly, ICICI Bank.

Now, coming to Share Price Inflation. It can increase further but Airtel & ICICI have huge differences. Atleast Airtel has strong foundation in Telecom industry like competitive pricing, new edge techs, 5G availability etc. what ICICI can offer to us? Only good digital app!!! I don't see a good foundation rather digital service & DSIB category. Hence, such share price hike can inflate PE Ratio but it can burst in future. I am doubting a strong internal crisis in this bank. All the bank customers & shareholders should cautious.

I can tell you how many better products with ICICI but you are already prejudiced.

Its your right and your perception. Need not depend on actual reality.

 

[tuhin]

I can tell you how many better products with ICICI but you are already prejudiced.

Its your right and your perception. Need not depend on actual reality.

Okay may be I am not aware of. Kindly educate me those product names & features in comparison with other banks.

 

[Pandu]

India has changed a long way and mid level people started travelling by air. No issue in maintaining 50k in savings accounts. ....

• Global Multidimensional Poverty Index (MPI), is a tool used to measure poverty beyond income, considering factors like health, education, and living standards.
• In 2024, it was estimated that 1.1 billion people out of 6.3 billion in 112 countries experience multidimensional poverty.
• India, Pakistan, Ethiopia, Nigeria, and the Democratic Republic of Congo have the highest numbers of people living in poverty.
• In the 2024 Global Multidimensional Poverty Index, India's rank is 126th out of 143 countries.
• With 234 million, India was the country with the largest number of people in extreme poverty. Pakistan has the second-highest number of people living in acute poverty, following India.
• The five countries with the largest number of people living in poverty are: India, Nigeria, the Democratic Republic of Congo, Ethiopia, and Bangladesh. These nations account for nearly half of the world's population living in extreme poverty

 

[sunit123]

if people are not happy with new MAB they can open Basic Savings Bank Deposit Account” (BSBDA) with ICICI Bank...It is zero balance account

 

[KGSIPO]

• Global Multidimensional Poverty Index (MPI), is a tool used to measure poverty beyond income, considering factors like health, education, and living standards.
• In 2024, it was estimated that 1.1 billion people out of 6.3 billion in 112 countries experience multidimensional poverty.
• India, Pakistan, Ethiopia, Nigeria, and the Democratic Republic of Congo have the highest numbers of people living in poverty.
• In the 2024 Global Multidimensional Poverty Index, India's rank is 126th out of 143 countries.
• With 234 million, India was the country with the largest number of people in extreme poverty. Pakistan has the second-highest number of people living in acute poverty, following India.
• The five countries with the largest number of people living in poverty are: India, Nigeria, the Democratic Republic of Congo, Ethiopia, and Bangladesh. These nations account for nearly half of the world's population living in extreme poverty

Do you beleive all such reports by international organiztaions. As per them bangaladesh and pakistan currenices are better performers and they ranked before us. Leave it to you to decide. In US , the biggest joke is health but rated as best.

 

[SSquad]

 

[HumorSimpson]

Do you beleive all such reports by international organiztaions. As per them bangaladesh and pakistan currenices are better performers and they ranked before us. Leave it to you to decide. In US , the biggest joke is health but rated as best.

This is nothing compared to the UK 's dailymail article where the author put Papistan No 1 destination for women for solo travel. Obviously the author is a Papistani.

 

[hender]

4 stake holders -
ICICI -Business Decision

Retail Customer - Take it or leave it.

Institutional Investors/Retail Investors: May or May not continue.

Social Experts - Endlessly/ Tirelessly discussion, debates and strategy making...

Have anyone gone through recent ConCall !!!

 

[sunit123]

4 stake holders -
ICICI -Business Decision

Retail Customer - Take it or leave it.

Institutional Investors/Retail Investors: May or May not continue.

Social Experts - Endlessly/ Tirelessly discussion, debates and strategy making...

Have anyone gone through recent ConCall !!!

Internet warriors.....Not even a single person will close the account even if ICICI increase MAB to 1 lakh

 

[phoenix1386]

The New Indian should not have ANY problem with it. They might even welcome the move and sing paeans.

 

[KGSIPO]

Internet warriors.....Not even a single person will close the account even if ICICI increase MAB to 1 lakh

True statement 👍

 

[tuhin]

Internet warriors.....Not even a single person will close the account even if ICICI increase MAB to 1 lakh

Really??? 🫡😆 Then why did they suspend online account closing option? Good thing is that this change will not hamper current user but who knows, what can happen in future. If Government is simply allowing such thuggery, no wonder, soon banking service will be available only for rich class only who are very volatile in nature. Short term they may raise NIM but it can't help them to assure the retail assets which is a secured one than corporate liabilities anyday

 

[sunit123]

Really??? 🫡😆 Then why did they suspend online account closing option? Good thing is that this change will not hamper current user but who knows, what can happen in future. If Government is simply allowing such thuggery, no wonder, soon banking service will be available only for rich class only who are very volatile in nature. Short term they may raise NIM but it can't help them to assure the retail assets which is a secured one than corporate liabilities anyday

ICICI Bank is not here for charity..What is thuggery? They are informing in advance...people can make hue and cry, if they deduct charges without intimation of MAB......

If you are unhappy, please go ahead, close the account and share the screenshot...It will also motivate others to close the account

Mark my words, NOT even a single account will be closed.....

 

[sunit123]

The New Indian should not have ANY problem with it. They might even welcome the move and sing paeans.

For Viksit Bharat in 2047, i will keep balance of 5 lac in my ICICI account.

 

[sunit123]

Irony is that those who are willing to buy gas cylinder at 5000 Rs, Wheat flour at Rs 15,000 per kg and petrol at Rs 2000 per litre are crying to keep 50,000 in bank account.

Modi ji sunenge toh kahege "Hypocricy ki bhi seema hoti hain"

 

[HumorSimpson]

Irony is that those who are willing to buy gas cylinder at 5000 Rs, Wheat flour at Rs 15,000 per kg and petrol at Rs 2000 per litre are crying to keep 50,000 in bank account.

Modi ji sunenge toh kahege "Hypocricy ki bhi seema hoti hain"

And 1Lakh for pet food . This is aristocracy in 🦛 hippocrisy.

 

[tuhin]

And 1Lakh for pet food . This is aristocracy in hippocrisy.

Another Venezuela is in progress 🙂

 

[Pandu]