ICICI Silver Savings Account

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.

Updated On - 03 Oct 2025
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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!

Bank

ICICI Bank

Category

ICICI Bank Silver Savings Account

Minimum Balance Requirements

INR 25,000

Interest Rate

4 percent annually

Debit Card

Personalized Pocket Debit Card with attractive offers

Eligibility Criteria for Silver Savings Account

Indian residents aged more than 18 years can apply for ICICI Silver Savings Account

Features of ICICI Silver Savings Account

  1. Smart Shopper Silver Debit Card presents you with irresistible offers and Visa Privileges.
  1. Unrestricted money withdrawals from any ATM for free.
  1. Avail 15 percent rebate on yearly locker rent.
  1. Money Multiplier Facility: Offers you more interest than savings account, while you can use your money anytime.

Additional Features & Benefits of ICICI Silver Savings Account

Banking Anywhere Anytime:

  1. Clear all your utility bills and others anywhere using ICICI’s Bill Pay facility using your mobile or internet.
  1. 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.
  1. You get a complimentary multi-city cheque book as well as a passbook that will help you keep track of your account activities.
  1. Get regular updates and notifications regarding your account via emails and SMS.

Nomination Facility:

  1. You may submit a person as legatee to your account earnings, which is available for bank deposits.
  1. You are permitted to have only one nominee.
  1. An individual legitimately authorized to manage a minor’s account can also file a nomination on the child’s behalf.
  1. Applicants may nominate by submitting a duly filled form under the Banking Companies (Nomination) Rules 1985.

Savings Account Portability:

  1. 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.
  1. It will be done in 2 working days without interrupting your account operations.  

Fees & Charges of ICICI Silver Savings Account

Penalty if Minimum Account Balance is not maintained

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

Exception in penalty fee for non-maintenance of MAB

Subject to FD of min INR 1.25 lakhs under the same Customer ID

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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