ICICI Bank Minimum Balance: Everyone fears the backlash, no matter if a bank!
After facing major backlash from the general consumer, ICICI Bank has revised its minimum balance requirement on this Thursday.
It took more than three days for ICICI Bank to realise that they had set an unprecedented amount for the normal public as the minimum balance—a whopping 50,000 is in question.
The bank, after knowing about the public reaction on the steep hike, took their steps back and reduced the minimum balance to 15,000.
The new ICICI Bank minimum balance requirement is significantly lower than that of the previous notice.
ICICI Bank Revises Minimum Balance Rules Effective August 1, 2025
- As per ICICI Bank’s official website, the new minimum balance for urban and metro areas is ₹15,000, reduced from ₹50,000.
- For semi-urban areas, the revised minimum balance is now ₹7,500.
- In rural areas, the minimum monthly average balance (MAB) is now ₹2,500, lower than the previous requirement.
- These new minimum balance rules are applicable to accounts opened on or after August 1, 2025.
- Accounts opened before August 1 will continue to follow the previous minimum balance rules.
- If customers fail to maintain the revised MAB, they will be charged 6% of the shortfall or ₹500, whichever is lower.
ICICI Bank Minimum Balance Hike
This week, ICICI Bank threw a bomb on the customers, saying that they are hiking the minimum balance for savings accounts to ₹50,000 for urban and metro areas, up 5x from ₹10,000.
For semi-urban areas, it was hiked to ₹25,000, up from ₹5,000; for rural areas, ICICI Bank hiked the same to ₹10,000, up from ₹5,000.
ICICI Bank faces Public Backlash
The bank faced heavy backlash from the general public after hiking the minimum balance. A few netizens took to the social media platform, X, to accuse the bank of going rogue on the general public. Netizens claimed that this is not acceptable and is not an easy task.
But after all the backlash, the bank finally took a U-turn and reduced the balance a little.
Here are few X post We can look At-
ICICI Bank reduced Avg Minimum Balance amount for Saving ACs from ₹50k to ₹15K after Social Media Outrage.
Meanwhile HDFC raised from ₹10K to ₹25K following them. Such U-Turn decisions shows Pvt Banks are grossly mismanaged. pic.twitter.com/0SNinmA19Q
— Newton Bank Kumar (@idesibanda) August 13, 2025
ICICI Bank से विदा लेने का समय आगया है। pic.twitter.com/5YEs4JvtWG
— ANKIT JAIN (@ankitjainsogani) August 11, 2025
The Worst Decision of ICICI Bank 😡#ICICIBank raises average minimum balance for savings a/c in metros & urban areas to Rs 50,000
Earlier it was Rs 10,000
Why the hell people put their money in accounts. Urban youth wants to invest those money not to sit dead in Bank… pic.twitter.com/FXfdJ27tk8
— Anuj Prajapati (@anujprajapati11) August 9, 2025
Also Read: What Are Minimum Balance Rules Compared Across SBI, ICICI, HDFC, And Others?
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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