savings account News

ICICI Bank Reduces Minimum Balance Requirement from Rs 50k to Rs 15k Amid Public Outcry

ICICI Bank has revised its minimum account balance requirement from Rs 50,000 to Rs 15,000 following customer feedback, excluding certain account types. HDFC Bank clarifies its sta...

ICICI Bank Raises Minimum Balance Requirements: A Comparative Look at Major Banks' Policies

ICICI Bank has significantly increased its minimum monthly average balance requirements for new savings accounts, effective August 2025, with penalties for non-compliance. This art...

ICICI Bank Dramatically Increases Minimum Balance Requirement for Savings Accounts to Rs 50,000

ICICI Bank has increased the minimum balance requirement for new savings accounts to Rs 50,000, a move that contrasts with the trend of public sector banks waiving such requirement...

ICICI Bank Introduces Higher Minimum Balance Requirements for New Customers: What You Need to Know

ICICI Bank has raised the minimum balance requirements for new savings account holders, with different thresholds for metro, urban, semi-urban, and rural branches. Penalties for no...

Bank of India Slashes Savings Account Interest Rates to 2.5%, Following Industry Trend

Bank of India has reduced its savings deposit rate to 2.5%, aligning with similar adjustments by other banks. Additionally, the interest rate on green deposits and a 999-day term d...