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Savings Account - FAQs



Savings Account - FAQs



What is the eligibility criteria for opening an ICICI Bank Savings Account?
  • The account is available only for resident Indians above the age of 18 years.


How do I approach ICICI Bank to open a Savings Account?

You can approach us in any of the following ways:





What is the minimum balance required to be maintained for an ICICI Bank Savings Account?

The minimum average monthly balance required to be maintained for a Savings Account is Rs.10,000/- in metro and urban locations, Rs. 5,000/- in semi-urban and Rs. 2,000/- in rural locations.








At what frequency will the interest be paid to me?

Interest earned on your Savings Account balance shall be credited to your account on a half yearly basis in the months of June and December.

In case of the linked Money Multiplier Account, the accrued interest on the FD's created will be paid on maturity or on withdrawal in case of premature withdrawal.





Do I need an introduction from an existing ICICI Bank account holder?

The Bank needs no introduction from an existing ICICI Bank account holder if you are submitting proof of identity and address documents, as prescribed. However if you do not posses any of the address proof document then an introduction from an ICICI Bank account holder, having satisfactory relationship of more than six months, is required.





Whom can I include as Joint Applicants?

Anyone can be included as a joint applicant for a Savings Account except a minor (less than 18 years of age).

 

How can I change the nominee(s) for my ICICI Bank Savings Account?

You can change the nominee(s) by making a declaration to that effect, in the appropriate form, which is available at any of the ICICI Bank branches.


 

Do I have any facility for Standing Instructions?

Yes, you can set up standing instructions through your ICICI Bank Savings Account. A few examples of the same are as below:

  • Transfer to a Fixed Deposit.
  • Transfer to a Recurring Deposit
  • Make recurring payments like LIC premium, Installments etc.
For more details please contact your nearest ICICI Bank branch.




What are the nomination facilities available on a Savings Account?

  • Nomination facility available for bank deposits.
  • There can be only one Nominee for a deposit account whether held singly or jointly.
  • A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
  • Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
  • For more details approach your bank.



What is Money Multiplier facility?

A Money Multiplier Account allows you to set a minimum balance (subject to a minimum of Rs 10,000) to be maintained in your Savings Account. You can put in a request for the transfer of the excess of the minimum Savings Bank Account balance to Fixed Deposits in units of Rs 5,000 and for a period of one year or more, as specified by you. So you enjoy a higher effective rate of interest on your deposit.

When you need the money, you can withdraw it by issuing a cheque or through an ATM. The deposit gets broken in multiples of Rs. 5,000 automatically. Thus, you don't lose out on liquidity either!

Please click here for further details.





What are the different channels through which I can access my ICICI Bank Savings Account?

You can access your Savings Account through:


How to update the new address in your Saving Accounts?

You can update your address through any of the following options:

a. Internet Banking:

1.Visit www.icicibank.com site
2.Log into Internet Banking using your user ID and password
3.Click on "Service Requests"
4.Click on the option 'Request for change in communication address for Bank Account'

b. Phone Banking:

1.Call our 24-hour Customer Care
2.Enter your 16-digit ATM/debit card number
3.Enter your 4-digit PIN number (personal identification number)
4.Select option to update your contact details
5.Select 1 to update your communication address.You will be then connected to a Customer Service Officer.


To check the customer care number we request you to click here

c. Branch:

* Visit any ICICI Bank branch and submit an application. OR
* Send across a duly- signed application to the branch where you opened your account.

If the account is opened less than six months ago:
Please place a request for address change at any ICICI Bank branch along with a proof of your address.

Any one of the following documents can be submitted for address change:
1.Valid Passport
2.Voter's ID
3.Driving License
4.Bank Statement/Passbook (cancelled cheque mandatory)

Verified copies of
1.Electircity bills (Not more than 2 months old)
2.Residence Telephone bills (not more than 2 months old)
3.Leave and License agreement/Agreement for sales

*Please mention the phone number if any, to be updated alongwith the communication address

You may obtain the Address Change Request form from Website, nearest Branch or ATM. Please click here, to download the Address Change Request form.

How to update PAN number?

Visit any of our nearest ICICI Bank branches along with your original PAN card, and submit the following details:

1.Photocopy of the PAN card
2.Written and signed request letter

You may obtain PAN Update Request form from Website, nearest Branch or ATM. Please click here, to download the PAN Update Request form.


How to update mobile number?

Resident Customers, to add/update your mobile number, please visit your nearest ICICI Bank branch. NRI customers wanting to know how to register for Mobile Banking, please click here

To know the customer care number please click here

Please Note: We will be unable to assure the receipt of mobile alerts for the below mobile services:

*BSNL
*Tata Indicom
*MTNL

As these service providers do not support the alerts facility.

How to update email address?

Visit any ICICI Bank branch and submit an application

You may obtain the Address Change Request form from Website, nearest Branch or ATM. Please click here, to download the Address Change Request form.

You can update your e-mail ID through any of the following options:

a. Internet Banking:

1.Visit www.icicibank.com site
2.Log into Internet Banking using your user ID and passwords.
3.Select ' Bank Accounts '.
4.Select ' Account Statement by e-mail '.
5.Update the ' e-mail ID ' column with your new e-mail ID.
6.Reconfirm your e-mail ID in the ' Reconfirm ' column.
7.Click on ' Submit '.

b. Phone Banking:
1.Call our 24-hour Customer Care
2.Enter your 16-digit ATM/debit card number
3.Enter your 4-digit PIN number (personal identification number)
4.Press 9 to speak to our Customer care Executive To know the customer care number please click here