ICICI Savings Account Interest Rates

ICICI Bank offers an interest rate ranging between 3.00% to 3.50% on the minimum average balance maintained in the savings account. It calculates the interest rate on savings bank accounts on a daily basis. However, the interest is paid to the account holders every quarter. With ICICI Bank Savings Account youth and minors can get additional benefits on their Savings Account.

ICICI Bank Savings Account helps you to save money by providing interest on your idle money deposited in the savings accounts. The rate of interest on ICICI Bank Savings Account varies as per the Savings Account product. Some of the key features and benefits of ICICI Bank savings account are:

• It offers interest rates from 3.00% to 3.50% p.a. You can easily access ICICI Bank Savings Account anywhere through a large network of branches and ATMs.
• If you want to transfer funds from ICICI Bank Savings account to any other bank account, you can do it through modes such as RTGS, IMPS, NEFT and UPI facilities.
• To maintain ICICI Bank Savings account, you require a minimum balance of Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations.
• ICICI Bank personalized account number and cheque book enhances security and ensures your money is safe.
• You can get SMS Alerts and e-statement facilities with ICICI Bank Savings Account.
• With Auto Sweep Facility of ICICI Bank, your account can be linked to Multi Option Deposit MOD account.

Saving Account	Interest Rate	Minimum Balance
Titanium Privilege Account	3.00% - 3.50%	Rs. 1,25,000
Gold Privilege Account	3.00% - 3.50%	Rs. 50,000
Silver Savings Account	3.00% - 3.50%	Rs. 25,000
Regular Savings Account	3.00% - 3.50%	Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations
Advantage Woman Savings Account	3.00% - 3.50%	Rs. 10,000
Life Plus Senior Citizens Savings Account	3.00% - 3.50%	Rs. 4,500
Young Stars Savings Account	3.00% - 3.50%	Rs. 2,500
Smart Star Savings Accoount	3.00% - 3.50%	Rs. 2,500
Pockets Savings Account	3.00% - 3.50%	No limit
Basic Savings Bank Account- The ICICI Bank Edge	3.00% - 3.50%	NIL

• Titanium Privilege Account: ICICI Bank offers interest rates ranging between 3.00% to 3.50% on Titanium Privilege Account.You can open a Titanium Privilege Account in ICICI Bank by depositing Rs. 1,25,000 amount as minimum balance.
• Gold Privilege Account : If you have deposited your excess funds in a Gold Privilege Account , you can get interest at 3.00% to 3.50% on your account. This account can be opened by anyone with a minimum age of 18 years .
• Silver Savings Account: ICICI Bank provides interest rates ranging between 3.00% to 3.50% on Silver Savings Account. The minimum balance requirement to open this account is Rs. 25,000.
• Regular Savings Account: You can get interest at 3.00% and 3.50% respectively on Regular Savings Account in ICICI Bank. The account can be opened in ICICI Bank by depositing Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations amount. The debit card available for this account are Smart Shopper Silver Debit Card.
• Advantage Woman Savings Account: If you have deposited your excess funds in a Advantage Woman Savings Account, you can get interest at 3.00% to 3.50% on your account.
• Life Plus Senior Citizens Savings Account: You can get interest at 3.00% to 3.50% in Life Plus Senior Citizens Savings Account. This account can be opened in ICICI Bank by depositing a minimum amount of Rs. 4,500 after an age of 60 years.
• Young Stars Savings Account: The interest that you can earn on .Young Stars Savings Account is in the range of 3.00% to 3.50% respectively. The debit card available for this product is Young Stars Debit Card
• Smart Star Savings Accoount: ICICI Bank provides interest rate at 3.00% to 3.50% on Smart Star Savings Accoount. Further, to open this Saving Account, the minimum balance requirement is Rs. 2,500. You can open this account at a minimum age of 10 years.

✅How much interest is charged by ICICI on Savings Account?

ICICI offers an interest rate of 3.00% to 3.50% on Savings Account.

✅What is the minimum amount required for opening Savings Account in ICICI Bank?

The minimum amount required for opening 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.

✅What are the balance non - maintenance Charges on ICICI Savings Account?

The Balance Non Maintenance Charges on Savings Account by ICICI are Rs 100 and 5 percent of the shortfall in required MAB.

✅What are the ICICI Bank ATM Transaction charges on Savings Account?

ICICI ATM Transaction charges on Savings Account are First 5 transactions in a month are Free After that, Rs. 20 per financial transaction and Rs. 8.50 per non financial transaction .

✅How does ICICI calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by ICICI Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

✅Does ICICI Bank offer Debit Card to the account holder?

Yes, various Debit Cards are offered, differing according to the product. Some of the popular savings account products of ICICI Bank with the type of Debit Card offered are listed in the table below.

Titanium Privilege Account	Titanium Privilege Debit Card
Gold Privilege Account	Gold Privilege Debit Card
Silver Savings Account	Smart Shopper Silver Debit Card
Regular Savings Account	Smart Shopper Silver Debit Card
Life Plus Senior Citizens Savings Account	Special Senior Life Plus Debit card
Young Stars Savings Account	Young Stars Debit Card
Smart Star Savings Accoount	Personalised Debit Card
Pockets Savings Account	Visa PrePaid Card, virtual and physical, both available
Basic Savings Bank Account- The ICICI Bank Edge	ATM cum Debit Card

Interest rate on all ICICI Bank deposits products listed in the table above is 3.00% to 3.50%.

✅What is the withdrawal limit of the account?

The withdrawal limit offered in ICICI Bank is Unlimited

✅What is the eligibility criteria to open a savings account in ICICI Bank?

Eligibility criteria for ICICI Bank savings account -

• 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.