New Delhi, Aug. 9 -- ICICI Bank increased its monthly minimum average balance (MAB) requirement for savings accounts with effect from August 1, 2025. The changes under the new rules are now in effect.
The minimum monthly average balance (MAB) requirement refers to the minimum balance a customer needs to maintain in his/her bank account. In case the balance in the bank account falls below the minimum requirement, then banks levy a penalty for failing to maintain the MAB.
As per the new rules, the average minimum balance requirement for metro and urban locations has been increased to Rs 50,000, which was previously Rs 10,000. For semi-urban locations, it is Rs 25,000, which was previously Rs 5,000.
Moreover, rural customers also need to ...