Savings Account

ICICI Bank ensures competitive returns on your deposited funds. With a focus on financial growth and increased savings, we offer attractive interest rates from 3% to 3.50%. By opening a Savings Account with ICICI Bank, you can enjoy the benefits of reliable and secure banking.

ICICI Bank Savings Account provides an easy way to save money and offers a fixed rate of interest. A minimum balance of up to Rs 10,000 per month is required to be maintained in ICICI Bank Savings Account.

The Monthly Average Balance (MAB) is calculated on a simple average of EOD balances for a calendar month. The MAB is calculated by adding the closing ledger balance of the account of each day from the start of the month to the end of the month. Then the total sum is divided by the number of days in that month.

ICICI Bank Savings Account is available for resident individuals aged between 18 years and 60 years.

Your chequebook will be issued only upon request after you have successfully completed your KYC verification. You can request for a chequebook by logging in to ICICI Bank Internet Banking or the iMobile Pay App.

• iMobile Pay app: Go to Services > Chequebook Services > Issue Chequebook
• Internet Banking: Go to Bank Accounts > Accounts > Chequebook request

Yes. PAN Card is mandatory to open your ICICI Bank Savings Account.

Yes. You will receive a Debit Card at your registered address once your account is successfully opened.

Once your Savings Account is successfully opened, you can log in to the iMobile Pay App, set your 4-digit passcode and start exploring. For Internet Banking, you can generate your password with the User ID which was provided to you after opening the Savings Account.

You can update Mobile Number through any of the following modes:

ICICI Bank ATM:

Visit any ICICI Bank ATM > Select ‘More options’ > ‘Register your mobile’ > Enter the mobile number. Your mobile number will be updated in 1 working day.

ICICI Bank Branch:

Visit any ICICI Bank Branch along with your original photo ID proof. Once the request is placed, your mobile number will be updated in 2 working days. To locate the nearest ICICI Bank Branch, visit https://maps.icicibank.com/mobile

We have discontinued mobile number registration/ de-registration/ modification through our Customer Care and Internet Banking due to security reasons.

You will be able to place a request for the generation of Internet Banking Password through any of the following modes:

Internet Banking:

You can generate your password at www.icicibank.com > Click on ‘Internet Banking’ (Bottom of the page) > Get started > I want my Password

Customer Care:

You may place a request by calling our Customer Care between 7:00 a.m. and 9:00 p.m. from your registered mobile number.

ICICI Bank Branch:

Visit any ICICI Bank Branch along with original photo ID proof. To locate the nearest ICICI Bank Branch, visit https://maps.icicibank.com/mobile

You can request to transfer your Savings Account from one ICICI Bank Branch to another through Internet Banking, iMobile Pay, Customer Care or by submitting a written request at any ICICI Bank Branch.

FATCA stands for Foreign Account Tax Compliance Act. As per regulatory guidelines, all banks have to collect FATCA from every customer who opens a Savings Account. FATCA came into being to combat tax evasion and to ensure strict adherence to tax rules. Its main objective is to identify and prevent offshore tax avoidance by the US citizens or residents.

• Click ‘Debit Card’ on the Home Page
• Get the details of your Virtual Debit Card
• Select your Card and click on ‘Manage All Services’.

It is important to add a nominee for all your assets so that the assets reach the right person in case of your death. The nominee you select must be a reliable person who can take care of the asset. Below are the rights of the nominee:

• He / She has no right over your money unless specified in the will
• A Nominee is a mere custodian
• He / She is the contact person for the account, in case the account holder is not reachable or in event of the account holder’s death
• The nominee directs the court on how to go about the account in case of the account holder’s demise
• At the time of claiming the deposit, the nominee will have to provide identification proof
• If the nominee is a minor, the guardian will sign on his/her behalf. We require the nominee’s and the guardian’s name, address and photograph.

Visit any ICICI Bank Branch with the originals and copies of the following documents to make this transition seamless:

• Identity/Address proof: Valid Passport/ Aadhaar Card/ Driving Licence/ Voter ID/ NREGA job card
• Recent passport size colour photograph
• PAN Card/ Form 60

As per regulatory guidelines, if an account remains inoperative for more than 2 years without any transactions carried out by the customer, it will be classified as a ‘Dormant’ Account.

The following signs indicate that your account is dormant:

• You are unable to transact at ATMs or through Internet Banking and Phone Banking
• You are unable to initiate requests to change important account details such as residential address, e-mail ID and contact number
• You are unable to renew ATM Card/ Debit Card
• You are unable to get chequebooks/ deliverables issued.

Here is how you can reactivate your dormant account:

Step 1: Visit any ICICI Bank Branch and submit the duly filled and signed Re-KYC form

Step 2: Provide your original address proof (Voter ID/ Driving Licence / Valid Passport / NREGA Job Card/ National Population Register (NPR) Smart Card/ Aadhaar Card) along with original PAN Card or Form 60

Step 3: Initiate a transaction to activate your account.