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  • ICICI Bank Savings Account

    ICICI Bank Savings Account

    If you want to keep your money liquid even as it earns interest, then a savings bank account is the best option. Savings account can be created with minimal cash by people who earn a regular fixed income. Not only does it encourage saving habit, but a savings account will also help you keep track of all online transactions and allows immediate access to money through an ATM.

    ICICI Bank Savings Account Interest Rates & Minimum Balance Required Updated on 26 Sep 2016

    Savings Account Interest Rate Minimum Balance Required Debit Car Issued
    Titanium Privilege Savings Account 4.00% INR 1,25,000 Titanium Privilege Debit Card
    Gold Privilege Savings Account 4.00% INR 50,000 Gold Privilege Debit Card
    Silver Savings Account 4.00% INR 25,000 Personalized Pocket Debit Card
    Regular Savings Account 4.00% INR 10,000(in Metro) INR 5,000(in Semi Urban) INR 2,500(in Rural Areas) Smart Shopper Silver Debit card
    Pocket Savings Account 4.00% Not Required Customized Pocket Debit Card
    Young Stars Account 4.00% INR 2,500 Personalized Pocket Debit Card
    Advantage Women's Savings Account 4.00% INR 10,000 MasterCard World Debit Card
    Senior Citizens Savings Account 4.00% INR 5,000 Smart Shopper Silver Debit card
    Basic Savings Account 4.00% Not Required ICICI Bank Debit Card

    ICICI Bank savings account comes with countless unique features and personalized services. With extensive branch and ATM network, phone banking and internet services, ICICI savings account holders will have easy access to money anytime. Also, you can earn more than just interest with ICICI’s Reward Point scheme.

    How to open ICICI Bank Savings Account?

    Applying for a Savings Account at BankBazaar.com involves three simple steps :

    Step 1: In the first step, the user must fill the Savings Account eligibility form available online with required personal data. Once submitted the Savings Account tool automatically checks for eligibility of the applicant and personalized Savings Account options.

    Step 2: In the second step, the applicant can compare various Savings Account options offered by the tool interface and apply for the best suitable Savings Account.

    Step 3: The last step involves receiving an instant e-approval from BankBazaar.com after successful submission of Savings Account application online.

    The application is sent electronically to the selected bank. The Savings Account department of the concerned bank gets in touch with the applicant directly. Users can check the status of their application through SMS alters as well as emails.

    ICICI Savings Account Interest Rate

    ICICI Bank savings account holders earn a handsome interest of 4%. This 4% interest rate is applicable to both normal customers and senior citizens.

    Types of ICICI Savings Account

    ICICI also offers different types of savings account, customized as per individual needs and requirements. The types of ICICI Bank Savings account are mentioned below.

    • Titanium Privilege Account

      This account will give privilege banking benefits for you and your family members. Also, features like discounts on annual locker rentals, free debit card, nomination facility and money multiplier facility will provide you an easy and unique banking experience.

    • Gold Privilege Banking

      Exclusively designed to make saving money easier, this account is designed to offer a range of services in addition to the normal features of a savings account. Customers are entitled for a free gold privilege debit card and unlimited cash withdrawal transactions at any bank’s ATM.

    • Silver Savings Account

      Account holders get added benefits like lower locker rental, DD/PO charges waiver, free “Anywhere Banking” facility and SMS alerts facility with this customer-centric savings account scheme from ICICI.

    • Regular Savings Account

      Even a regular savings account, when opened with ICICI, comes with an array of privileges and benefits. Get access to money multiplier facility, smart shopper silver debit card and other VISA benefits by opening this regular savings account.

    • Pockets Savings Account

      Pockets is a unique “Digital Bank” and is a virtual place to store your money and use it whenever needed. Customer of any bank can create a Pockets account and instantly start using it to send and receive money from anyone.

    • Young Stars Account

      Any minor above the age of 10 can open and operate the Young Stars account all by themselves. Also, you can use this account to plan your child’s need. A special standing instruction facility to debit money from parents account to Young Stars account is also available.

    • Advantage Woman Savings Account

      Loaded with special benefits and exciting offers, this card comes with features like zero balance facility, unlimited cash withdrawals and a debit card to manage household expenses.

    • Senior Citizens Savings Account

      A special savings account designed for customers above 60 years of age, Senior Citizens account will help the elders carry out their banking transactions without any hassles.

    • Basic Savings Bank Account

      With this zero balance savings account with no charges on ICICI debit card, basic savings account are operated under Pradhan Mantri Jan Dhan Yojana (PMJDY). Account holders will also get a free passbook, free personalized RuPay Debit card and free cheque leaves.

    ICICI Savings Account Minimum Balance

    The minimum Monthly Average Balance (MAB) depends on the type of savings account and also the geographical area of the customer. Here is a table to help you with the minimum balance of ICICI savings account types.

    Type of Savings Account

    Urban and Metro

    Semi-Urban

    Rural

    Savings Account

    Rs.10,000

    Rs.5,000

    Rs.2,000

    Silver Savings Account

    Rs.25,000

    Rs.25,000

    Rs.25,000

    Freedom Savings Account

    RS.10,000

    Rs.10,000

    Rs.10,000

    Easy Receive Account

    Rs.10,000

    Rs.5,000

    Rs.5,000

    Basic Savings Bank Account

    Zero

    Zero

    Zero

    No Frills Account

    Zero

    Zero

    Zero

    Regular Salary Account

    Zero

    Zero

    Zero

    Salary Privilege Account

    Zero

    Zero

    Zero

    Retiral & Pension Salary Account

    Zero

    Zero

    Zero

    Defence Salary Account

    Zero

    Zero

    Zero

    Senior Citizens Account

    Rs.5,000

    Rs.5,000

    Rs.5,000

    Young Stars

    Rs.2,500

    Rs.2,500

    Rs.2,500

    Bank @ Campus

    Rs.500

    Rs.500

    Rs.500

    Privilege Banking for Non-Senior Citizens

    Rs.10,000 for blue Rs.50,000 for gold Rs.1,25,000 for titanium

    Rs.10,000 for blue Rs.50,000 for gold Rs.1,25,000 for titanium

    Rs.10,000 for blue Rs.50,000 for gold Rs.1,25,000 for titanium

    Privilege Banking for Senior Citizens

    Rs.10,000 for blue Rs.50,000 for gold Rs.1,25,000 for titanium

    Rs.10,000 for blue Rs.50,000 for gold Rs.1,25,000 for titanium

    Rs.10,000 for blue

    Rs.50,000 for gold

    Rs.1,25,000 for titanium

    Advantage Woman Savings Account

    Rs.10,000

    Rs.10,000

    Rs.10,000

    Self-help Groups

    Nil

    Nil

    Nil

    ICICI Bank Savings Account Fees and Charges

    Type of Account

    Debit Card Fees

    Charges for SMS Alert

    ATM Interchange cost

    Savings Account

    Rs.150 per annum

    Rs.15 per quarter

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    Silver Savings Account

    Rs.150 per annum and Rs.99 for Gramin Waived off for senior citizens

    Free

    Free

    Freedom Savings Account

    Rs.150 per annum and Rs.99 for Gramin locations

    Rs.15 per quarter

    Free

    Easy Receive Account

    Rs.150 per annum and Rs.99 for Gramin locations

    Rs.15 per quarter

    Nil

    Basic Savings Bank Account

    Free

    Rs.15 per quarter

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    No Frills Account

    Free

    Rs.15 per quarter

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    Regular Salary Account

    Free

    NA

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    Salary Privilege Account

    Free

    NA

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    Retiral & Pension Salary Account

    Free

    Free

    Free

    Defence Salary Account

    Free

    Free

    Free

    Senior Citizens Account

    Free

    Free

    Free

    Young Stars

    Free

    Rs.15 per quarter

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    Bank @ Campus

    Free

    Rs.15 per quarter

    Rs.20 for financial and Rs.8.50 for non-financial after the free transactions

    Privilege Banking for Non-Senior Citizens

    Rs.99 for Gramin locations and Rs.150 for others in blue category Free for gold and titanium customers

    Rs.15 per quarter for blue Free for titanium and gold customers

    Free

    Privilege Banking for Senior Citizens

    Nil

    Free

    Free

    Advantage Woman Savings Account

    Rs.150 per annum and Rs.99 for Gramin locations

    Nil

    Free

    Self-help Groups

    NA

    NA

    NA

    Apart from the above mentioned account, ICICI also offers other savings account which includes salary accounts also. Other types of personalized accounts include the following-

    • No Frills Account

    • Freedom Savings Account

    • Family Banking Account

    • Bank @ Campus

    • Professional Savings Account

    • Resident Foreign Currency Account

    • Easy Receive Savings Account

    ICICI Bank Savings Account FAQS

    Q) Can I apply for an ICICI Bank Savings Account online?

    Yes. You can apply for a savings account by providing your relevant details in the savings account opening form available on the Bank’s website.

    Q) Who is eligible for being added as a joint account holder of an ICICI Bank Savings Account?

    Any individual who is 18 years old and above is eligible to be a joint account applicant.

    Q) How many nominees can I have?

    Whether you have a single savings account or joint savings account, you can have only one nominee.

    Q) Can a minor be made a nominee in my ICICI Savings Account?

    Yes. A minor can be a nominee for a savings account. However, a guardian should be also named for him/her until he/she reaches majority.

    Q) What is the process of changing the nominee to my savings account?

    By making a declaration of the change in the required form, a savings account holder can change his/her nominee.

    Q) How can I access the funds in my ICICI Savings account?

    You can access the funds in your Savings Account through the following channels:

    • ICICI Bank branches

    • Net Banking

    • Phone Banking

    • ICICI Bank ATMs

    • Mobile Banking

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