ICICI Bank shares in focus after rollback of Rs 50,000 minimum balance rule

ICICI Bank shares are expected to draw investor attention on Thursday, August 14, after the lender rolled back its recently announced requirement for new account holders to maintain a minimum balance of Rs 50,000 in metro and urban branches.

Following widespread backlash, the country’s second-largest private bank has revised its monthly average balance (MAB) norms to Rs 15,000 for metro and urban locations, Rs 7,500 for semi-urban areas, and Rs 2,500 for rural branches.

The changes apply to new savings accounts opened from August 1, 2025, excluding salary accounts, senior citizen accounts, BSBDA/PMJDY accounts, and accounts for individuals with special needs.


Accounts opened before July 31, 2025, remain unaffected.

MAB is calculated as the average of daily closing balances in a calendar month. Under the earlier plan, MAB requirements had been sharply increased from Rs 10,000 to Rs 50,000 in metro and urban branches, from Rs 5,000 to Rs 25,000 in semi-urban branches, and from Rs 2,000 to Rs 10,000 in rural areas.

Customers failing to meet the MAB would have been charged 6% of the shortfall or Rs 500, whichever was lower.

The bank also reiterated transaction fee rules, allowing a maximum of five free transactions per month across locations, with a cap of three at six major metros, Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad.

Beyond the free limit, charges are Rs 23 per financial transaction and Rs 8.5 per non-financial transaction at both ICICI Bank and non-ICICI Bank ATMs, with slight variations based on location.

On Wednesday, the shares of ICICI Bank closed flat at Rs 1,421.15 on BSE.

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