Mumbai – ICICI Bank has lowered the minimum average monthly balance requirement for its new savings accounts to ₹15,000, down from the earlier ₹50,000. The change is aimed at making banking more accessible and attracting a wider customer base.
The revised threshold applies to new savings accounts opened in metro and urban branches, effective immediately. Existing account holders will continue under their current terms unless they opt for the updated account category.
According to the bank, the move aligns with its strategy to offer more flexible and affordable banking options, particularly for younger customers and first-time account holders. Industry analysts note that this could intensify competition among private lenders, many of whom are seeking to grow retail deposits.
The reduced balance requirement is expected to encourage greater account activity and improve financial inclusion, especially for customers who found the previous ₹50,000 threshold a barrier.
Customers are advised to check the bank’s official guidelines for detailed terms, including charges for falling below the minimum balance.
Mukesh Khanna’s call to replace “Jana Gana Mana” with “Vande Mataram” has sparked debate over India’s national symbols and the history behind them.
PM Modi warned against what he called “dimaagi Naxals,” urging their identification and isolation, while the Congress criticised the remarks as politically motivated.
Bomb Threats Reported at Six Locations in Delhi, Security Agencies on High Alert
Supreme Court Grants Major Relief to Samay Raina, All FIRs in ‘India’s Got Latent’ Case Closed
Security Tightened at Red Fort Ahead of Independence Day Celebrations
From winning freedom in 1947 to protecting the values of our Constitution today, the responsibility of building India belongs to all of us.
Delhi High Court Receives Bomb Threat, Security Tightened
Vande Mataram’ Sung in Parliament for the First Time, Marks a Historic Moment
Lok Sabha Adjourned Indefinitely, Monsoon Session Concludes
The Indian tricolour is more than three colours it represents courage, truth, peace, growth and the nation’s journey forward through the Ashoka Chakra.
Two Amrit Bharat Trains to Connect Gorakhpur with Delhi and Mumbai
Dangal Girl Babita Phogat Becomes a Mother, Welcomes Baby Girl on Shivratri
Air India Turbulence: Multiple Lapses Found in Post-Flight Report, 13 Faults Logged in 80 Minutes
Random Drug Tests for Pilots in Focus After AI2379 Cannabis Case
Zepto and Blinkit Under Scanner Over Alleged Food Safety Violations
Iran, Oman and the U.S. are reportedly close to a Strait of Hormuz agreement tha...
.jpeg)
Fresh U.S. airstrikes in Iran reportedly killed 14 people, prompting Iranian ret...
President Donald Trump claimed he is Iran’s “No. 1 target” after security measur...
.jpeg)
Three people were killed in U.S. strikes in western Iran as tensions escalated f...
President Donald Trump said the Iran ceasefire is “over” following fresh U.S. st...
