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Online ICICI Savings Account Opening

Open ICICI Saving Account

Last Updated 07th Jan 2021

Interest Rate 3.00% - 3.50%
Minimum Balance Requirement Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations
Cash Withdrawal Limit Unlimited
ATM Transaction Charges First 5 transactions in a month are Free After that, Rs. 20 per financial transaction and Rs. 8.50 per non financial transaction
Debit Card Smart Shopper Silver Debit Card
Apply for Savings Account

ICICI Savings Account Opening

ICICI Bank Savings accounts in ICICI can be opened online or offline. To open ICICI offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening ICICI Savings Account Online

To open the savings account online in ICICI, you have to follow these steps:

  • Step 1: First, visit the official website of ICICI.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: ICICI’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, ICICI will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open ICICI Savings Account at Branch

To open a savings account with ICICI at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in ICICI

You have to fulfil the following eligibility criteria to open a savings account in ICICI:

  • 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.

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FAQs

How can I open a savings account in ICICI?

You can open a savings account in ICICI either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in ICICI?

Yes, you can open a savings account online, by applying for it through the ICICI’s official website.

What is the minimum balance in ICICI?

The minimum balance required to open a savings account in ICICI is Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations.


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ICICI 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.
  • 2020-11-25 : 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.
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