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ICICI Savings Accounts
ICICI Bank Savings Account
- ICICI Bank offers a wide range of savings account products for specific customer groups.
- Minimum balance requirement to open a savings account in ICICI Bank is Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations.
- You can get high returns up to 3.50% on a savings account.
- Open instant ICICI Bank savings account online.
- Internet banking and mobile banking facility available.
- The facility of safe deposits locker facility, nomination available in ICICI Bank.
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ICICI Savings Account
ICICI Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.
Features and Benefits of ICICI Savings Account
Benefits of ICICI Bank saving Account are as follow:
- ICICI Bank offers an interest rate on saving account in the range of 3.00% to 3.50%.
- Balance requirement for ICICI Bank savings account is Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations.
- An individual can transfer the ICICI Bank savings account to any other branch without changing the account number.
- Safe deposits locker facility, nomination facility is also available.
- ICICI Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
- It provides various kinds of debit cards as per account holder’s convenience.
- ICICI Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
- No charge is levied for passbook service.
ICICI Savings account Charges
Product | Minimum balance | Interest Rate | Non Balance Maintenance Charges |
---|---|---|---|
Titanium Privilege Account | Rs. 1,25,000 | 3.00% - 3.50% | Rs. 100 and 2 percent of the shortfall in required MAB or Rs. 500 whichever is lower |
Gold Privilege Account | Rs. 50,000 | 3.00% - 3.50% | Rs. 100 and 2 percent of the shortfall in required MAB or Rs. 500 whichever is lower |
Silver Savings Account | Rs. 25,000 | 3.00% - 3.50% | Rs. 100 and 5 percent of the shortfall in required MAB or Rs. 500 whichever is lower |
Regular Savings Account | Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations | 3.00% - 3.50% | Rs 100 and 5 percent of the shortfall in required MAB |
Advantage Woman Savings Account | Rs. 10,000 | 3.00% - 3.50% | Rs. 100 and 5 percent of the shortfall in required MAB |
Life Plus Senior Citizens Savings Account | Rs. 4,500 | 3.00% - 3.50% | 5 percent of the shortfall in required MAB or Rs. 100 whichever is lower |
Young Stars Savings Account | Rs. 2,500 | 3.00% - 3.50% | 5 percent of the shortfall in required MAB |
Smart Star Savings Accoount | Rs. 2,500 | 3.00% - 3.50% | 5 percent of the shortfall in required MAB |
Pockets Savings Account | No limit | 3.00% - 3.50% | There are no penalties or charges if you could not deposit money into a goal every month |
Basic Savings Bank Account- The ICICI Bank Edge | NIL | 3.00% - 3.50% | None |
ICICI Savings Account Products
ICICI offers multiple savings account products for different purposes. Some of the popular products of ICICI savings are:
Titanium Privilege Account
Simple, Convenient and elite banking for you and your family.
Key Features:
- Avail 40 percent discount on annual locker rentals
- Complete waiver of DD or PO charges
- Free Anywhere Banking: Online Bill Payments, round the clock customer care, Phone Banking
- One nominee held singly or jointly. It can be changed during the subsistence of the account
- Portability: transfer of your Savings Account from one branch to another branch of ICICI Bank
- Money Multiplier Facility: Maximum liquidity and maximum returns by creation of a linked FD ensures higher rate of interest and makes your money multiply
Eligibility:
- This account is for resident Indians of 18 years of age and above
Gold Privilege Account
Myriad products and services for convenient banking.
Key Features:
- Avail 20 percent discount on annual locker rentals
- Waiver of DD or PO charges of up to 1.5 lacs per day
- Free Anywhere Banking: Online Bill Payments, round the clock customer care, Phone Banking
- One nominee held singly or jointly. It can be changed during the subsistence of the account
- Portability: transfer of your Savings Account from one branch to another branch of the bank
- Money Multiplier Facility: Maximum liquidity and maximum returns by creation of a linked FD ensures higher rate of interest and makes your money multiply
Eligibility:
- This account is for resident Indians of 18 years of age and above
Silver Savings Account
Best added benefits for convenient banking.
Key Features:
- Get 15 percent discount on annual locker rentals
- Waiver of DD or PO charges of up to Rs. 1 lac per day
- Free Anywhere Banking: online bill Payments, round the clock customer care, phone banking
- One nominee held singly or jointly. It can be changed during the subsistence of the account
- Portability: transfer of your Savings Account from one branch to another branch of the bank
- Money Multiplier Facility: Maximum liquidity and maximum returns by creation of a linked FD ensures higher rate of interest and makes your money multiply
Eligibility:
- This account is for resident Indians of 18 years of age and above
Regular Savings Account
Convenient at home banking through online facilities
Key Features:
- Free Anywhere Banking: Online Bill Payments, round the clock customer care and Phone Banking
- Nomination Facility: one nominee held singly/jointly and can be changed during the subsistence of the account
- Portability: transfer of your Savings Account from one branch to another branch of ICICI Bank
- Money Multiplier Facility: Maximum liquidity and maximum returns by creation of a linked FD ensures higher rate of interest and makes your money multiply
Eligibility:
- Resident Indian above the age of 18 can open a sole or joint account.
- Foreign nationals and HUF can also open a savings account.
- Individuals below 18 year can open Young Stars Savings Account.
- Individuals above 60 years can open Seniors Club Savings Account.
Advantage Woman Savings Account
Exclusive discounts and cashbacks on skill building, health and lifestyle. They also have offers that help women look after themselves and their family better.
Key Features:
- 50 percent discount on first year locker rentals
- Preferential rates on Home Loan
- Cashbacks and discounts on Skill Building from Manipal ProLearn, Ajivasan Music Academy and Image Consultants
- Flat discounts on Health and Wellness from Growfitter, Thyrocare, Obino and Welcome Cure
- Shopping, lifestyle and travel offers from Myntra, Purplle, Byju's and Byond Travels
Eligibility:
- This account is for resident Indians of 18 years of age and above
Life Plus Senior Citizens Savings Account
This account helps senior citizens manage their day to day banking transactions independently and with extra ease.
Key Features:
- Higher interest rates on term deposits
- Free SMS alert Facility
- Free Anywhere Banking: Online Bill Payments, round the clock customer care, Phone Banking
- One nominee held singly or jointly. It can be changed during the subsistence of the account
- Portability: transfer of your Savings Account from one branch to another branch of ICICI Bank
- Money Multiplier Facility: Maximum liquidity and maximum returns by creation of a linked FD ensures higher rate of interest and makes your money multiply
Eligibility:
- This account is for resident Indian Individual sole or joint account, Foreign national and Hindu undivided family HUF customers, above the age of 60 years
Young Stars Savings Account
Open and operate the account to plan your child's need, right from a young age.
Key Features:
- The guardian can open and operate the account on behalf of the minor
- Standing Instructions Facility to debit money from parents account to the youngstars account
- Money Multiplier Facility: Maximum liquidity and maximum returns by creation of a linked FD ensures higher rate of interest and makes your money multiply
Eligibility:
- This account is designed for resident Indian minors upto 18 years of age
Smart Star Savings Accoount
Inculcate the habit of savings and spending judiciously in your minor aged 10 to 18 years, who can open this account and manage it independently.
Key Features:
- Smart Star Savings Account with Guardian Consent has a debit transaction limit of Rs. 2 Lacs in a financial year
- Smart Star Savings Account without Guardian Consent has a debit transaction limit of Rs. 50,000 in a financial year
- Personalised cheque book and cheques can be issued by the child
- Pre paid Mobile recharge facility
Eligibility:
- This account is specifically for minors above the age of 10 years. Precisely, the age group of 10 to 18 years
Pockets Savings Account
Pockets is a 'Digital Bank' with a mobile first interface. It offers a digital wallet to store your money and use it according to your needs.
Key Features:
- Pockets wallet comes with a 16 digit VISA pre paid card which can be used to recharge mobile, send money, shop anywhere, pay bills and much more
- Can be funded through Net Banking, NEFT, linking your ICICI account or any banks Debit card
Eligibility:
- This account is for resident Indians of 18 years of age and above
Basic Savings Bank Account- The ICICI Bank Edge
Open a Zero balance Savings Account and avail best services.
Key Features:
- Basic Savings Account opened under Pradhan Mantri Jan Dhan Yojana PMJDY
- Ensures access to financial services and timely and adequate credit to the excluded sections i.e. the low income groups
- No charges on free personalised RuPay debit card, Internet banking, free chequebook
- One nominee held singly or jointly. It can be changed during the subsistence of the account
Eligibility:
- This account is for resident Indians of 18 years of age and above
ICICI Savings Account Nomination Plan
ICICI Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. ICICI savings account provides the nomination facility in all the savings products.
ICICI Savings Account Welcome Kit
ICICI Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.
Top Applications Offering UPI Facility
ICICI Savings Account Helpline
Individuals can call ICICI Bank’s 24X7 helpline number 1860-120-7777/ 1800-103-8181 , which is accessible from all landlines and mobile phones in the country.
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FAQs
✅Can I open ICICI bank account online?
ICICI Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.
✅What is the minimum balance for an ICICI savings account?
Minimum balance requirement differs with ICICI Bank saving account products. The minimum balance required to open a Regular Savings Account in ICICI Bank is Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations.
✅Which saving account is best in ICICI?
There are various savings account products offered by ICICI Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.
✅Can I open ICICI account with zero balance?
The minimum balance requirement to open a savings account with ICICI Bank is Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.
- Compare Savings Account Interest Rates
- SBI Savings Account Interest Rates
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- Zero Balance Savings Account
- Savings Account Documents Required
- Compare Debit Cards
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- Compare Credit Cards
- Types of Savings Account
- ATM
- Savings Account Vs current account
- Online Savings Account Opening
- SBI Savings Account Opening
- HDFC Savings Account Opening
- SBI Savings Account
- HDFC Savings Account
- UPI
- RTGS
- IMPS
- Bhim UPI
- HDFC Balance Check Enquiry Toll-Free Number
- SBI Balance Check Enquiry Toll-Free Number
- SBI IMPS
- HDFC IMPS
- Cancelled Cheque
- HDFC Bank UPI
- SBI UPI
- SBI RTGS
- High-Interest Rate Savings Account
-
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- 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. - 2020-11-25 : ICICI launched Mine banking app for millennials
The bank has announced India first dedicated banking app for millennial clients ranging in age from 18 to 35 yrs. The idea is named ICICI Bank Mine inspired by Millennial Network. It includes an instant savings account, a new-look smartphone app with a revamped user experience that offers -personal finance management platform and investing advice with the assistance of Sqrrl. Other features are curated credit and debit cards, instant personal loans & overdrafts, and a 24x7 branch with social engagement space. - 2020-11-06 : ICICI Bank introduced banking stack for millennial customers
ICICI Bank launched a comprehensive banking programme known as ICICI Bank Mine ICICI Bank Mine, for millennial customers, in the age bracket of 18 years to 35 years called. It offers an instant savings account, a feature-driven iMobile application that offers investment guidance and curated credit and debit card. In addition to this, it is will also offer instant personal loans and overdrafts, and an experiential branch with social engagement space. - 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.
