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ICICI Current Account

ICICI Bank Current Account Interest Rate

Last Updated 18th Jan 2021

ICICI BankSmart Business Account
Minimum Account BalanceRs. 25,000
Non Maintenance Charge Rs. 1,000 per month
Cash Withdraw LimitUnlimited for base withdrawal and Rs. 50,000 for non- base withdrawals
Interest RateNil

Salient Feature of ICICI Bank Current Account:

  • Free non cash transactions of up to 50 times the maintained MAB
  • Upto 200 free transactions of any type
  • Compare the Current Account features of ICICI Bank with other banks and pick the best bank for yourself.
  • Walk in the nearest ICICI Bank branch to open a Current Account and avail quality services.
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ICICI Bank Current Account Minimum Balance and Charges

ICICI Bank Bank Current Account ICICI Bank Bank Current Account Minimum Balance Non Maintenance Charges
New Start Up Current AccountNILN/A
ShubhAarambh Current AccountNIL for first six months, Rs. 25,000 thereafterRs. 1,000 per month
Smart Business AccountRs. 25,000Rs. 1,000 per month
Smart Business Account GoldRs. 1 LakhRs. 3,000 per month
Roaming Current Account StandardRs. 10,000Rs. 750
Roaming Current Account ClassicRs. 25,000Rs. 1,000
Roaming Current Account PremiumRs. 50,000Rs. 1,500
Roaming Current Account GoldRs. 1 LakhRs. 2,000
Roaming Current Account Gold PlusRs. 3 LakhRs. 3,000
Roaming Current Account PlatinumRs. 5 Lakh Rs. 2,500 if MAB more than 50 percent and Rs. 5,000 if MAB is less than 50 percent
Roaming Current Account EliteRs. 10 LakhRs. 5,000 if MAB is more than 50 percent and Rs. 10,000 if MAB less than 50 percent
Made2Order AccountRs. 3 LakhN/A
Trade Current AccountsFor Trade Basic Rs. 50,000 For Trade Gold Rs. 1 Lakh For Trade Platinum Rs. 5 LakhFor Trade Basic - Rs. 1,500 per month For Trade Gold - Rs. 2,000 per month For Trade Platinum - Rs. 2,500 per month if MAB/MTP is more than 50 percent and Rs. 5,000 per month if MAB/MTP is less than 50 percent

ICICI Bank Account Details – Current Account

ICICI Bank Current Accounts have been customised to meet the varied customer needs. Current Account are business accounts which provide unlimited daily transactions along with personalised services to help the businessmen and self employed professionals such as doctors, consultants, chartered accountants to conduct daily bank transactions. ICICI Bank also offers an overdraft facility under which a credit limit is offered to allow you to withdraw money as and when required to meet your working capital requirements.

ICICI Current Account Products

New Start Up Current Account

  • Business networking with BizCircle which is an online platform to find both buyers and sellers for your products and services
  • Preferential charges for import and export transactions
  • Customised payment and collection solutions to suit your business model
  • Minimum balance requirement is NIL
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

ShubhAarambh Current Account

  • Free non cash transactions up to 50 times of the maintained MAB
  • Titanium Debit Card charges of Rs. 250 waived off for the first year
  • Freedom from maintaining minimum balance for six months
  • Minimum balance requirement is NIL for first six months, Rs. 25,000 thereafter
  • Charges for non maintenance of the minimum balance is Rs. 1,000 per month
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals
  • Only Proprietorships can open this account
  • Date of incorporation / registration of business should not be more than six months from date of account opening
  • The proprietor should not have an existing Current Account with ICICI Bank

Smart Business Account

  • Free non cash transactions of up to 50 times the maintained MAB
  • Upto 200 free transactions of any type
  • Minimum balance requirement is Rs. 25,000
  • Charges for non maintenance of the minimum balance is Rs. 1,000 per month
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Smart Business Account Gold

  • Up to 300 free transactions of any type
  • Locker Facilities and Auto Loan with discounted offerings
  • Minimum balance requirement is Rs. 1 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 3,000 per month
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Standard

  • Free cash deposit upto Rs. 1 Lakh per month within the city of account opening
  • Free 25 cheque leaves per month
  • Minimum balance requirement is Rs. 10,000
  • Charges for non maintenance of the minimum balance is Rs. 750
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Classic

  • Free cash deposit upto Rs. 2.5 Lakhs per month within the city of account opening
  • Free 50 cheque leaves per month
  • Minimum balance requirement is Rs. 25,000
  • Charges for non maintenance of the minimum balance is Rs. 1,000
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Premium

  • Free cash deposit upto Rs. 5 Lakhs per month within the city of account opening
  • Free 100 cheque leaves per month
  • Minimum balance requirement is Rs. 50,000
  • Charges for non maintenance of the minimum balance is Rs. 1,500
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Gold

  • Free cash deposit upto Rs. 1 Cr per month within the city of account opening
  • Minimum balance requirement is Rs. 1 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 2,000
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Gold Plus

  • Free cash deposit upto Rs. 30 Lakhs per month within the city of account opening
  • Free 600 cheque leaves per month
  • Minimum balance requirement is Rs. 3 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 3,000
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Platinum

  • Free cash deposit upto Rs. 50 Lakhs per month within the city of account opening
  • Free Business Banking Debit Card
  • Minimum balance requirement is Rs. 5 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 2,500 if MAB more than 50 percent and Rs. 5,000 if MAB is less than 50 percent
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Roaming Current Account Elite

  • Free Business Banking Debit Card
  • Minimum balance requirement is Rs. 10 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 5,000 if MAB is more than 50 percent and Rs. 10,000 if MAB less than 50 percent
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Made2Order Account

  • Flexibility in deciding the MAB
  • Flexibility in deciding the higher free Limits in services which are required frequently
  • Flexibility in choosing free cheque leaves
  • Minimum balance requirement is Rs. 3 Lakh
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

Trade Current Accounts

  • Digital alerts like E Advices, E Swift etc
  • Preferential pricing for Cash Management Solutions, Locker Charges , Auto Loan and Personal accidental Insurance at the time of account opening
  • Dedicated Relationship Manager for every Trade Current account
  • Free inward remittances and E BRC issuance
  • Minimum balance requirement is For Trade Basic Rs. 50,000 For Trade Gold Rs. 1 Lakh For Trade Platinum Rs. 5 Lakh
  • Charges for non maintenance of the minimum balance is For Trade Basic - Rs. 1,500 per month For Trade Gold - Rs. 2,000 per month For Trade Platinum - Rs. 2,500 per month if MAB/MTP is more than 50 percent and Rs. 5,000 per month if MAB/MTP is less than 50 percent
  • Cash withdrawal limit is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals

ICICI Bank Current Account Eligibility

To open a ICICI Bank Current account, one needs to fulfil the following eligibility criteria:

  • The individual applying for a current account requires authentic KYC documents.
  • It can be opened by sole proprietors, partnerships, co-operative societies, Trustors, administrations and documentation.
  • Further, ICICI Bank requires a minimum account balance of Rs. 25,000 to be maintained in its current account.

ICICI Bank Current Account Opening Procedure

A current account facility can be availed in any bank through both online and offline procedures. The online process to open a current account is more time saving and easy.

Online Process:

  • Visit the Bank's website or the Bank's online current account portal.
  • Select the 'Open current account' option.
  • Fill in the personal details in the current account application form.
  • Download the application form and submit the printed copy in the Bank on your next visit.

For the offline process, one needs to visit the nearest Bank in person, with the required documents.

ICICI Current Account Opening Documents

  • Proof of identity – PAN card, voter ID card, passport, driving license
  • Proof of address
  • Recent Colour Photograph
  • PAN/Form 49 A along with Form 60 if applied for PAN
  • Account opening Cheque from existing Savings/Individual Current Account

FAQs

How much interest is offered by ICICI Bank on Current Account?

ICICI Bank like any other Current Account does not offer an interest on the account.

What is the minimum amount required for opening Current Account in ICICI?

ICICI Current Account minimum balance is Rs. 25,000.

How to open a Current Account online with ICICI Bank?

To open a Current Account online you can visit the website of ICICI Bank and choose from the wide range of Current Account products offered by ICICI Bank. Click the “apply now” option, fill in your details, and submit. The bank representatives will contact you for further information and for processing your account application form.

What are ICICI Bank Current Account charges on non maintenance of balance?

The Balance Non Maintenance Charges on Current Account by ICICI Bank are Rs. 1,000 per month.

What are the ICICI Bank cash withdrawal limit on Current Account?

The cash withdrawal limit on ICICI Bank Current Account is Unlimited for base withdrawal and Rs. 50,000 for non- base withdrawals.

Does ICICI Bank offer Debit/credit card to the account holder?

Yes, ICICI Bank offers debit card or credit card to its Current Account holders. The type and features of these debit cards or credit cards may differ with the Current Account you choose to open.


ICICI Business Loan News - Jan 2021
  • 2020-12-08 : ICICI Bank launched interoperable banking app
    ICICI Bank launched a new version of its mobile payment app which is interoperable and allows payments and other banking services to customers of any other bank. The new app will allow customers to link their bank accounts, generate a UPI ID and avail services such as online transactions, opening savings accounts, making investments, applying for loans and credit cards without being an ICICI Bank account holder.
  • 2020-11-03 : New charges and fees by ICICI Bank
    Effective November 1, 2020, ICICI Bank will charge Rs 50 as a convenience fee on its customers for every such transaction done on bank holidays and between 6:00 pm and 8:00 am on working days. Further, The bank will charge a convenience fee if the cash deposit in the cash acceptor/recycler machines exceeds Rs 10,000 per month either as a single transaction or multiple transactions.
  • 2020-07-09 : Banks exceed digital transaction target set for 2019-20
    The government notified that 17 banks received an overall good rating for their performance on digital transactions in 2019-20, with ICICI Bank topping the list of 56 banks and closed wallets. The result is the indication of ameliorating banking services like providing retail and business loans digitally with ease.
  • 2020-07-07 : ICICI Bank surpassed 1 million users on WhatsApp platform
    ICICI Bank crossed a mark of 1 million users on its WhatsApp banking platform. ICICI Bank had introduced WhatsApp banking services three months ago to enable its retail customers to undertake banking requirements from their home in the wake of the coronavirus pandemic.
  • 2020-06-17 : ICICI Bank introduced overdraft facility for salary account holders
    ICICI Bank has launched an overdraft facility, Insta FlexiCash, for its salaried account customers facing a cash crunch. It is a paperless facility designed to protect ICICI Bank Salary Account customers from missing their Equated Monthly Instalments or cheque bounces due to insufficient funds by providing short-term instant credit. Individuals can easily avail of this facility by initiating their application online
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