ICICI, one of the top three private banks in the country, has numerous tailor-made Savings Accounts Schemes, of which Silver Savings stands out for obvious reasons. It is particularly aimed at young professionals with a fixed income as there are unbelievable waivers and offers attached to it. Interested? Details are right here!
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Bank
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ICICI Bank
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Category
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ICICI Bank Silver Savings Account
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Minimum Balance Requirements
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INR 25,000
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Interest Rate
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4 percent annually
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Debit Card
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Personalized Pocket Debit Card with attractive offers
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Eligibility Criteria for Silver Savings Account
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Indian residents aged more than 18 years can apply for ICICI Silver Savings Account
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Features of ICICI Silver Savings Account
- Smart Shopper Silver Debit Card presents you with irresistible offers and Visa Privileges.
- Unrestricted money withdrawals from any ATM for free.
- Avail 15 percent rebate on yearly locker rent.
- Money Multiplier Facility: Offers you more interest than savings account, while you can use your money anytime.
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Additional Features & Benefits of ICICI Silver Savings Account
Banking Anywhere Anytime:
- Clear all your utility bills and others anywhere using ICICI’s Bill Pay facility using your mobile or internet.
- ICICI boasts of a dynamic customer care service center which will be at your beck and call 24*7 in case of any concern or grievance.
- You get a complimentary multi-city cheque book as well as a passbook that will help you keep track of your account activities.
- Get regular updates and notifications regarding your account via emails and SMSes.
Nomination Facility:
- You may submit a person as legatee to your account earnings, which is available for bank deposits.
- You are permitted to have only one nominee.
- An individual legitimately authorized to manage a minor’s account can also file a nomination on the child’s behalf.
- Applicants may nominate by submitting a duly filled form under the Banking Companies (Nomination) Rules 1985.
Savings Account Portability:
- Transfer of your Silver Savings Account from one branch to another can be done easily either by submitting a written request at your branch or via customer care or online.
- It will be done in 2 working days without interrupting your account operations.
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Fees & Charges of ICICI Silver Savings Account
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Penalty if Minimum Account Balance is not maintained
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Between INR 10,000 and INR 24,999 – INR 175 per month
Between INR 5000 and INR 9999 – INR 250 per month
Less than INR 5000 – INR 350
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Exception in penalty fee for non-maintenance of MAB
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Subject to FD of min INR 1.25 lakhs under the same Customer ID
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GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
