ICICI Bank Raises Minimum Balance Requirement to Rs 50,000 for New Savings Accounts in Urban Areas Starting August 1

ICICI Bank has announced a new policy setting the minimum balance requirement for new savings accounts in urban areas at Rs 50,000, effective from August 1. The decision affects accounts opened post this date. This move aims to encourage customers to maintain a higher balance in their accounts. By implementing this change, ICICI Bank hopes to improve account sustainability and strengthen its financial position. Customers are advised to take note of this modification when considering opening a new savings account with ICICI Bank.