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

[gabu]

Chanda(tochar) Bank of indiA

 

[Avinash.Mishra]

I don’t have experience with IDFC but IndusInd is horrible when it comes to unsolicited calls followed by HDFC, calls from ICICI are very rare they will call once in several month or if RM gets changed

 

[shashank08]

I don’t have experience with IDFC but IndusInd is horrible when it comes to unsolicited calls followed by HDFC, calls from ICICI are very rare they will call once in several month or if RM gets changed

i have axis burgundy, hdfc imperia, hsbc premier, indudind select and idfc wealth..
now a days no RM calls me for selling ULIP, etc.

 

[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?

Anything you want to add , on the new situation of ICICI Bank mab.

 

[Avinash.Mishra]

i have axis burgundy, hdfc imperia, hsbc premier, indudind select and idfc wealth..
now a days no RM calls me for selling ULIP, etc.

You are lucky specially for IndusInd and HDFC, HSBC is good i have good experience with them

 

[shashank08]

You are lucky specially for IndusInd and HDFC, HSBC is good i have good experience with them

Initially all of these RMs came and talked about FDs, guaranteed return plans and ULIPs.
I am little bit active in Equity, MFs, etc. so had a good discussion with them and asked them convince me how it is a good product for me.
They couldn't convince and then never came back with the information which i requested and never bugged me after that.

HSBC premier is good. HSBC RMs usually don't bug you much.

 

[sun156]

ICICI Bank Withdraws ₹50,000 MAB Rule at URBAN and also Decreased MAB criteria at other Locations: New Criteria Explained


ICICI Bank has just rescinded its controversial 50,000 Minimum Average Balance (MAB) requirement for new Standard savings accounts from Aug1,2025. Here's a complete breakdown of what's changed—and what still applies:

Old (Withdrawn) vs. New MAB Rules (Effective from August 1, 2025)​

1. Initial Revision (Effective August 1 ,2025):
   
   • Metro & Urban: Raised from 10,000 → 50,000
   • Semi-urban: From 5,000 → 25,000
   • Rural: From 5,000 → 10,000
2. U-Turn (Effective August 1, 2025) but ( Revised on Aug 13, 2025) : To individuals Resident Indian (below 60 age)
   Following strong public backlash in several Social Networking groups, Several Recommendations from Ground Sales Staff & Managers, Now ICICI has revised these figures downward:
   • Metro & Urban: 15,000
   • Semi-urban: 7,500
   • Rural: 2,500
   • ** Also Same MAB Applicable to Minors, Senior Citizens without pension(above 60) , pensioner ( below 60 )

*Pensioners (Above 60) - Nil MAB requirement All Locations.
*Students of 1200 select institutes (campus Power account) – Nil MAB All Locations
*Basic Savings Bank Deposit Account – Nil MAB All Locations
*Savings Account for Customers with Special Needs - Schedule of Charges(Visually Impaired / Incapacitated - Nil MAB All Locations
*Savings Account for Unlearned with Special Needs - Nil MAB All Locations

• Now for All these accounts New Scheme codes are Given to Branch BANK Staff and Incentive Points for each product.
• Bank Staff have Several Targets Per Month and they Run for INCENTIVES , So they May MIS-SELL MAB products and HNI progrmme Products for the Above ZERO MAB products , Its your Responsibility to make Sure the SAME SCHEME CODE /Account Variant is WRITTEN and PROCESSED for the Savings account opening Form.
• Kindly Take Picture of Application , After Opening You can check the MAB requirement in APP And INB, you can know the scheme code and variant by calling customer care or Going to nearest Branch.

Key Details of the New MAB Structure & Summary​

• These revised MAB rules apply only to savings accounts opened on or after August 1, 2025. Accounts opened prior to July 31, 2025 remain under the old structure.
• Exemptions: This MAB is not applicable to some of the below (Even Account opened before or after 01 Aug 2025 )
  • Salary Accounts
  • Pensioners (above 60 years)
  • PM Jan Dhan Yojana (BSBDA)
  • Accounts for persons with special needs
  • Students from Select institutes and Pensioners are exempted from maintaining Minimum Balance requirement
• Penalty for Non-Compliance:
  ICICI Bank will levy a charge of 6% of the balance shortfall, or 500, whichever is lower.
• How MAB is Calculated:
  It’s the simple average of your daily closing balances over a calendar month.

Summary Table

Account Type	MAB Requirement (New)	Penalty if Below MAB	Exemptions
Metro & Urban	15,000	6% of shortfall or ₹500 (lower)	Salary Accounts, Senior Citizens(withpension) ≥ 60, PMJDY, special-needs accounts
Semi-urban	7,500	Same as above	Same as above
Rural	2,500	Same as above	Same as above

What This Means for You

• This revision brings relief, replacing the prohibitive 50,000 threshold with much more attainable figures—though still higher than the pre-August norms (urban was ₹10 k, semi-urban & rural were ₹5 k).
• Exceptions offer easy relief for many—salary accounts, senior citizens, PMJDY and special-needs accounts don’t require this MAB.
• Stay aware—this affects only new accounts opened on or after August 1, 2025. If you're opening an account now, you'll need to meet these new thresholds.

Now ICICI Almost Removed all its old Savings Account Products and just changed the Old HNI Schemes/Programs criteria and kept as new products as below only variants Groups,
Read below for Programme Eligibility.

In addition to opening the standard savings account or any other Saving Product, customers can enroll or upgrade to any of the 3 premium programmes of ICICI Bank. Customer enrolling into the programme needs to maintain the following criteria to enjoy the Features of this banking:

Program Variants	Select Banking	Wealth Management	Private Banking
Eligibility and Criteria*	Deposits^ & Balance of 2L or Deposits, Balance, Mutual fund Value, Demat of 25L	Deposits^ & Balance of 10L or Deposits, Balance, Mutual fund Value, Demat of 50L	Deposits^ & Balance of 50L or Deposits, Balance,Mutual fund Value, Demat of 5Cr

(^Deposits = Balance in Current Account + Balance in Savings Account + Term Deposit/ Recurring Deposit)

Also Kindly keep in Mind that Apart from MAB the Bank Also changed Several services Charges Like ATM limits , CDM limit e.t.c Go through the New SOC attached Below for Reference As on Date of this Thread Posted
@TechnoFino

 

[sun156]

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

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

bro as we imagined they did the same ,

ICICI withdrawn its recenlty INCREASED MAB and Released NEW MAB criteria
check this thread for more information

Thread 'ICICI Bank Withdrawn & Changed Savings Account Minimum Average Balance (MAB) criteria on 13AUG2025 effective from 01August2025'

Sunday at 2:37 PM

ICICI Bank Withdraws ₹50,000 MAB Rule at URBAN and also Decreased MAB criteria at other Locations: New Criteria Explained


ICICI Bank has just rescinded its controversial 50,000 Minimum Average Balance (MAB) requirement for new Standard savings accounts from Aug1,2025. Here's a complete breakdown of what's changed—and what still applies:

Old (Withdrawn) vs. New MAB Rules (Effective from August 1, 2025)​

1. Initial Revision (Effective August 1 ,2025):
   
   • Metro & Urban: Raised from 10,000 → 50,000...

• sun156
• icici mab 50000 25000 10000 withdrawn icici mab 50000 withdrawn icici mab revised from 01aug25 icici new mab after public backlash icici revised mab dec to 15000 7500 2500
• Replies: 0
• Forum: Bank Account

 

[Avinash.Mishra]

bro as we imagined they did the same ,

ICICI withdrawn its recenlty INCREASED MAB and Released NEW MAB criteria
check this thread for more information

Thread 'ICICI Bank Withdrawn & Changed Savings Account Minimum Average Balance (MAB) criteria on 13AUG2025 effective from 01August2025'

Sunday at 2:37 PM

ICICI Bank Withdraws ₹50,000 MAB Rule at URBAN and also Decreased MAB criteria at other Locations: New Criteria Explained


ICICI Bank has just rescinded its controversial 50,000 Minimum Average Balance (MAB) requirement for new Standard savings accounts from Aug1,2025. Here's a complete breakdown of what's changed—and what still applies:

Old (Withdrawn) vs. New MAB Rules (Effective from August 1, 2025)​

1. Initial Revision (Effective August 1 ,2025):
   
   • Metro & Urban: Raised from 10,000 → 50,000...

• sun156
• icici mab 50000 25000 10000 withdrawn icici mab 50000 withdrawn icici mab revised from 01aug25 icici new mab after public backlash icici revised mab dec to 15000 7500 2500
• Replies: 0
• Forum: Bank Account

They have reduced the amount but they have still increased the MAB just decreased the MAB for rural areas where they have negligible presence

 

[akiratoriyama]

No changes for current account and Home Loan is not counted in trv now it seems.