ICICI Regular Savings Account
What is ICICI Regular Savings Account?
The ICICI Regular Savings Account is a basic savings account designed for everyday banking needs. It allows you to deposit and withdraw funds easily, earn interest on your savings, and access your money through various channels like ATMs, online banking, and mobile apps.
ICICI Bank’s Regular Savings Account offers convenient and comprehensive banking solutions to its customers.
Bank | ICICI Bank |
Category | Savings Account |
Minimum Balance Requirement | Rs.10,000/- in Metro and Urban areas Rs. 5,000/- in Semi-Urban areas Rs. 2,000/- in Rural areas |
Interest Rate | 4% annually |
Debit Card | Smart Shopper Silver Debit card |
Eligibility Criteria | Resident Individual (sole or joint account), Foreign nationals and Hindu undivided family (HUF) can apply.Applicant must be at least 18 years old or above |
Features of ICICI Regular Savings Account
Money Multiplier Facility | Enabled, so that amounts in excess of the minimum balance can be automatically transferred to the account holder’ s fixed deposit account that is linked with his/her Regular Savings Account, and more interest can be earned on it. |
Mobile Banking | Available free of cost |
Internet Banking | Available free of cost |
Bill Pay Facility | Available. |
Multi-city Chequebook | Available free of cost |
Nomination Facility | Available |
Benefits of ICICI Regular Savings Account
- Account holders can make transactions from any ICICI branch across India.
- Get e-mail statements that help you to keep an eye on your transactions.
- The Savings Account can be transferred from one ICICI branch to another ICICI branch.
- Get discounts on your healthcare needs from Apollo Healthcare Services, through your ICICI Bank Savings Account.
- With each purchase made using the funds in your regular savings account, earn reward points that can be redeemed for exciting gifts.
Fees and Charges of ICICI Regular Savings Account
E-mail statement | Free |
Passbook | Free |
First Account Holder Debit Card fee | Rs. 150 annually |
Joint Account Holder Debit Card fee | Rs. 150 annually |
Domestic transaction limit | Rs.100,000 (daily spending limit) Rs.50,000 (daily withdrawal limit) |
International transaction limit | Rs.100,000 (daily spending limit) Rs.50,000 (daily withdrawal limit) |
Additional cheque book | Rs.20 |
SMS Alert Facility | Rs.15 (quarterly) |
Cash transactions made in branches in the same city | No charges are levied on the first 4 transactions made in a month. After that, Rs. 90 will be charged per transaction. |
ICICI Bank ATM transactions | First 5 transactions are free. After that, Rs.20 is charged for each financial transaction and Rs. 8.50 is charged for each non-financial transaction |
Charges on cash transactions at branch made when minimum balance is not maintained | No charges are levied during the first two transactions made in a month, but after that a penalty of Rs. 90 is charged per transaction. |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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