akiratoriyama
TF Premier
The people whom I talked with to open a current account today themselves seemed fed up of this move. Guess sales se heavy backlash mila hoga.
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ICICI New Savings Account Users MAB Updated - August 1st 2025
- Thread starter Pandu
- Start date
- Replies 189
- Views 7K
Main headline in the main media...
tuhin
TF Premier
If an Indian Bank tries to fit itself in the premium segment only then sooner or later the bank will face huge snag. Foreign can do because of huge international foot prints but without having proper international network, this is an impossible task to place at the same place where 90% Indians are middle/poor class only. 10% don't rely on banking system, rather they can open their own bank or invest somewhere place. I hope, sooner or later top private banks can understand this simple game. Else, dooms day will be near for every Indians
akiratoriyama
TF Premier
It's not like they are providing any special services either. Having all the charges and having an exorbitant MAB on top of that is insanity.
Meanwhile white house released a press conference that Trump persuaded ICICI to rollback as there must be only one Orange
Clown.
full transcript here - https://www.technofino.in/community/members/humorsimpson.17801/#profile-post-10134
Clown.
full transcript here - https://www.technofino.in/community/members/humorsimpson.17801/#profile-post-10134
Last edited:
tuhin
TF Premier
TACO TACO TACO TACO TACO TACOMeanwhile white house released a press conference that Trump persuaded ICICI to rollback as there must be only one Orange Clown.
ashokbishnoi
TF Buzz
True, charges for debit card and SMS even after maintaining 50k at a paltry 2.5 percent per annum. Free cash deposit/withdrawal limits which earlier used to be 10x of required MAB reduced to only 1 Lakh. There was nothing premium or special about the account.
tuhin
TF Premier
As I mentioned earlier, this bank has some serious crisis, they are simply hiding behind curtains. This is not possible to grow with premium banking only. Even, 50K account doesn't look like a premium one. I don't think any premium customer will select ICICI after raising such extraordinary charges
ashokbishnoi
TF Buzz
Well, I wanted to assuage your concerns about some serious crisis, but the way we have seen numerous scandals coming out in recent years, who knows, and it's hard for me to say confidently that ICICI has no issues whatsoever despite it being tagged as SIB and subjected to stricter scrutiny than other banks.
tuhin
TF Premier
Exactly being a DSIB, how can they raise MAB by 5X times & RBI is simply reluctant to say, they don't have any control. If a DSIB is simply behaving like this way , we don't need common man's money then how it can be a DSIB? It's better to acknowledge any other big PSBs like BOB or PNB as DSIB. Now a days, they are catering better than these private banks even services improvement is noticable too, apps are also competent, branch banking is comparatively noise free than Private one. I have visited many branches across the country of Private banks, most of them don't have proper cash reserve too. If you want to withdraw some money like 1L or 2L through counter, they simply show you the door of ATM only. I don't know how RBI is actually regulating. Discouraging cash transaction is fine, even I don't prefer too but being top tier banks & very less cash reserve, horrendous!!!
akiratoriyama
TF Premier
RBI is busy asking banks to freeze accounts randomly these days.
gurjarking911
TF Buzz
the minimum balance requirement for urban and metro areas is ₹15,000, down from ₹50,000.
For semi-urban areas, ICICI Bank minimum balance in savings account has been revised to ₹7,500.
For rural areas, the minimum monthly average balance (MAB) ICICI Bank requires is ₹2,500
For semi-urban areas, ICICI Bank minimum balance in savings account has been revised to ₹7,500.
For rural areas, the minimum monthly average balance (MAB) ICICI Bank requires is ₹2,500
ashokbishnoi
TF Buzz
For a bank I think from risk management perspective and to prevent a run-in, it's important to have a wider deposit base. This concept of having fewer do called premium customers by virtue of 50k MAB accounts goes against this principle. Same diversification principle is applicaple on the lending side too. Don't lend huge amounts to just a few customers. What if, let's say in future, there was some false news floating about ICICI and all of it's small pool of depositors tried to withdraw their money at same time?
ashokbishnoi
TF Buzz
About tagging PNB or BoB as SIB, I think govt should first consolidate existing 12 PSBs by merger to create 3-4 large banks, say SBI, PNB, BoB and Canara. This will widen the presence of PSBs and help with efficiency. This way banks can also disburse large ticket loans to critical high cost projects owing to their massive deposit size.
panchabhut
TF Legend
They are following petrol pricing model. Instead of directly increasing X amount and face backlash, first increase 5X amount and then reduce 3X after few days. Everyone will have false sense of happiness while still paying more
panchabhut
TF Legend
They are following petrol pricing model. Instead of directly increasing X amount and face backlash, first increase 5X amount and then reduce 3X after few days. Everyone will have false sense of happiness while still paying more
Manishg
TF Premier
I still think the 15000 balance is also too much atleast for that they should provide good cash back Debit card like millennia and in credit cards also they have to launch good cash back credit cards or cobrand with any like phonepe partnered with hdfc, sbi card on that place ICICI should come forward to cobrand but no they don't have interest only.
I don't know what they are doing like eating 5 star do nothing but from where 5 star came soon it will also over. According to my view, even Au bank, idfc, kotak performs much better to compete or be in competition.
They have one card Amazon and that too they declined only. If they approved card, many users then also open their account but no we don't want anyone.
I don't know what they are doing like eating 5 star do nothing but from where 5 star came soon it will also over. According to my view, even Au bank, idfc, kotak performs much better to compete or be in competition.
They have one card Amazon and that too they declined only. If they approved card, many users then also open their account but no we don't want anyone.
Çàrdøhôlïç
TF Select
Maybe a marketing trick.
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