Zero Balance Saving Account

Basic Savings Account

You don’t have to keep any minimum Monthly Average Balance (MAB) with our Basic Savings Bank Account – it’s a zero balance Saving Account!

  • This is a zero balance Saving Account
  • Free Rupay Card facility
  • Free cash deposit/withdrawal facility.
  • Free Passbook facility

For eligibility and documentation, please visit the tab – Documents Required

Basic Savings Account opened under Pradhan Mantri Jan Dhan Yojana (PMJDY)


Pradhan Mantri Jan Dhan Yojana (PMJDY) is a plan for ‘National Mission for Financial Inclusion’ launched by The Department of Financial Services (DFS), Ministry of Finance, Government of India. This plan will ensure access to financial services and timely & adequate credit to the excluded sections i.e. the low income groups. The initiative was launched on August 15, 2014. Basic Savings Bank Accounts are opened under PMJDY.


Accounts opened under PMJDY will have the following features:

  • Free Passbook**
  • Free Personalised Rupay Debit Card**
  • Free cheque leaves**

If bank identifies that the customer has any other Savings Bank Account, the Basic Savings Account opened with ICICI Bank will be closed.


** All deliverables are to be collected from the base branch on the activation of the Basic Savings Account opened under PMJDY.


To know more about PMJDY or to lodge a complaint, you may visit


  • There can be only one nominee for the account
  • Applicants can select a nominee by filling up the form as 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

KYC Documents

As per the Reserve Bank of India guidelines issued vide circular number RBI/2010-11/389 DBOD.AML.No. 77 /14.01.001/2010-11 dated January 27, 2011, foreign remittances are not to be allowed to be credited into a 'small account', unless the identity of the client is fully established through the production of officially valid documents, as referred to in sub-rule (2) of rule 9 of the rules notified by the Government of India under the Prevention of Money Laundering Act.


In view of the above, customers holding accounts under the category 'Basic Savings Bank Account with introduction' are hereby requested to submit copies of identity and address proof to the Bank, and get their accounts converted, if they are expecting receipt of foreign remittance credits in their account. In the absence of submission of valid Identity and address proof, we will be constrained to return any foreign remittance received in the account.


Please contact the branch staff for further clarifications and details.


Accounts opened with Valid ID and address proof will not be subject to above conditions.

*ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products.
The products, services and offers referred to herein are subject to the terms and conditions governing them as specified by ICICI Bank from time to time at Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank. "ICICI" and "I-man" logos are trademark and property of ICICI Bank Ltd. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.