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Last updated on: June 13, 2025

ICICI Savings Account

ICICI Bank, renowned for its diverse banking solutions, offers a variety of Savings Accounts tailored to your needs. Whether you’re a young professional, a seasoned investor, or someone who simply wants to manage daily finances effortlessly, there’s an ICICI Savings Account perfect for you.

Features and Services of ICICI Bank Savings Account
  • Convenience: Enjoy anytime, anywhere banking with ICICI’s award-winning mobile app and internet banking platform. Manage your account, pay bills, transfer funds, and more with ease.
  • High-interest rates: Earn competitive interest rates on your savings, helping your money grow steadily.
  • 24/7 customer support: Get assistance whenever you need it through call centers, branches, or online chat.
  • Wide ATM network: Access your cash conveniently with over 10,000 ATMs across India.
  • Debit card benefits: Choose from a range of debit cards tailored to your spending habits, offering rewards, cashback, and other exclusive benefits.
  • Add-on facilities: Enhance your account with features like overdraft protection, standing orders, and bill pay services.
Types of ICICI Bank Savings Accounts
  • Regular Savings Account: Ideal for everyday banking needs with basic features and minimum balance requirements.
  • Insta Save Account: Open an account instantly online with no paperwork or branch visits.
  • Salary Savings Account: Get exclusive benefits and higher interest rates if your salary is credited to this account.
  • Senior Citizen Savings Account: Specially designed for senior citizens with additional benefits and concessions.
  • Savings Account for Minors: Start building a secure future for your child with a dedicated savings account.

ICICI Bank Savings Account Minimum Balance and Interest Rates

Account TypeMinimum Balance (₹)Interest Rate (%)
Regular Savings Account (Urban/Metro)10,0003.00%
Regular Savings Account (Rural)5,0003.00%
Insta Save Account03.00%
Salary Savings Account (Urban/Metro)10,0003.00%
Salary Savings Account (Rural)5,0003.00%
Senior Citizen Savings Account04.00%
Savings Account for Minors03.00%

ICICI Bank Savings Account Charges

ChargeEstimated Monthly Cost (₹)
Minimum balance penalty (average)₹25
ATM withdrawals beyond free limit (4 per month)₹300
Non-cash ATM transactions (up to 5)Free
Cash deposit at non-home branch (once)₹50
Cheque issuance (1 local cheque)₹50
Non-financial transactions (6 per month)₹21
NEFT/RTGS charges (online)Free
Total Estimated Monthly Charges₹416
ICICI Savings Account Opening

There are two primary ways to open an ICICI Savings Account:

Online Account Opening:

Advantages: Quick, convenient, paperless, and can be done from anywhere.

Account Types Available: Most ICICI Savings Accounts can be opened online, excluding accounts requiring specific documentation like Salary Savings Account.

Process:

  • Visit the ICICI Bank website and choose the desired account type.
  • Fill out the online application form with your details.
  • Provide Aadhaar authentication and complete a video KYC (Know Your Customer) verification.
  • Fund your account with the minimum balance through online transfer or debit card.
  • Your account will be activated within a short period.
Branch Account Opening:

Advantages:

Personalized assistance, suitable for those unfamiliar with online procedures or requiring specific account types.

Process:

  • Visit an ICICI Bank branch near you.
  • Discuss your needs with a representative and choose the suitable account type.
  • Submit the required documents (identity proof, address proof, KYC documents).
  • Fill out the physical application form.
  • Fund your account with the minimum balance through cash, cheque, or debit card.
  • Your account will be activated within a short period.
Documents Required:
  • Identity proof: PAN card, passport, Aadhaar card, etc.
  • Address proof: Utility bills, rental agreement, etc.
  • KYC documents: As per government regulations (may vary based on your circumstances).
Activate Your Account:
  • Visit the bank branch or use internet banking/mobile app to activate your account.
  • Follow the instructions provided by the bank to activate your account successfully.
Start Using Your Account:
  • Once activated, you can start using your ICICI Savings Account for various banking transactions.
  • Enjoy the benefits and services offered by ICICI Bank tailored to your financial needs.