Mumbai: ICICI Bank announced a steep hike in the minimum average monthly balance (MAMB) requirement for new savings accounts to be opened on or after August 1, 2025.
In metro and urban branches, the MAMB
will increase to Rs 50,000 from the current Rs 10,000. For semi-urban branches, the requirement will be Rs 25,000, up from Rs 5,000, while rural branches will see the balance requirement double to Rs 10,000 from Rs 5,000. These changes will apply only to newly opened savings accounts from the effective date, as per the bank’s updated terms and conditions.
