ICICI Bank increases the minimum average balance for savings accounts to Rs. 50,000 from August 1, check penalty  

The minimum balance that a customer needed to maintain in their account was previously Rs. 10,000.

Compared to the previous requirement of maintaining Rs. 5,000 customers in semi-urban branches will need to maintain a minimum average balance of Rs. 25,000.

In rural branches, the private bank has increased the amount to Rs. 10,000 from Rs. 2500.

This revised rule applies to all new customers opening accounts from August 1, 2025, who will be required to maintain the higher balance, as reported by The Economic Times.

According to reports, people who fail to maintain the minimum monthly balance will be charged 6% of the shortfall or ₹500, whichever is lower.

Meanwhile, netizens reacted to the move and posted their reactions on X.

One internet user wrote: "Goodbye masses, hello classes. Interesting move by ICICI Bank, hiking avg minimum balance in a savings a/c from ₹10,000 to ₹50,000."

Another said: "The Worst Decision of ICICI Bank ."

He further said, "Why the hell people put their money in accounts. Urban youth wants to invest those money not to sit dead in Bank Accounts."

Another X user said, "Thank you @ICICIBank @ICICIBank_Care
you made us realise that ICICI bank is not for poor and lower middle class even middle class cant afford to have a minimum balance of 50,000."