Documents required to open a basic savings account

You can open the account by submitting:

(a) Complete ‘Know Your Customer’ (KYC) documents

 

(b) Self attested photograph and signature / thumbprint for basic savings - small deposit account.

a) Complete KYC documents

Note: Accounts opened with complete KYC will not have cap on credit transaction limits. All the other features will remain the same.

b) Self attested photograph and signature/ thumbprint

You can open a basic savings - small deposit account by submitting a self-attested photograph and signature /thumbprint, if:

  • You are a resident individual and you do not have complete KYC documents like:
    • Photo ID proof as per the Bank's acceptable list of documents.
    • Address proof as per the Bank's acceptable list of documents.
  • At the time of account opening, if you are unable to provide complete KYC documents;
    • You can provide evidence within 12 months from the date of account opening to have applied for any KYC document as specified by ICICI Bank.
    • You can provide valid KYC document within 24 months from the date of account opening.

Credit freeze status:

A basic savings – small deposit account is tagged as ‘credit freeze’, if the customer fails to provide valid KYC documents or the evidence of having applied for valid KYC documents to the Bank within 12 months of opening the account.

 

A basic savings - small deposit account will be in freeze state if:

  • Value of all credits in the account during the financial year exceeds ₹1,00,000, or
  • Day end account balance exceeds ₹50,000, or
  • Total withdrawals in a month exceed ₹10,000, or
  • Customer is unable to submit valid KYC documents to the bank within 24 months of account opening.
**New account opening under basic savings bank account with introduction has been discontinued.