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Savings Account

Here’s a range of savings accounts from ICICI Bank to suit your needs

You unlock a world of possibilities when you open a savings account with ICICI Bank. Our savings account helps you do so much more than just saving for your future. With ICICI Bank as your banking partner, you can choose from a wide range of savings accounts that help you fulfil the different needs you have at every stage of your life.

You get access to an extensive range of user-friendly features. And that’s not all. With your ICICI Bank Savings Account, enjoy an unmatched digital banking experience 24x7 through internet banking platform and our mobile app, iMobile as well an extensive network of branches and ATMs.

What do ICICI Bank Savings Accounts offer you?

Our savings accounts offer you a variety of features to meet your specific requirements. Here are some of the benefits you get to experience with ICICI Bank Savings Accounts.

Complimentary credit card:

You get a complimentary credit card when you open a fixed deposit of at least ₹10,000 for minimum 12-months using your ICICI Bank Savings Account.*

*This is applicable for select customers upon completion of verification and acceptance of the final offer.

Platinum Visa Debit Card:

The Platinum Visa Debit Card linked to your savings account lets you earn reward points on the money you spend. Save on 1% fuel surcharge, waived off at Hindustan Petroleum Corporation Limited (HPCL) petrol pumps on your fuel purchases across all petrol stations.

Offers and discounts:

You get to avail exciting offers and discounts on various brands. That’s not all. You even get 15% off on dining across 2,500 participating restaurants in 11 cities.

Instant online investments:

With your savings account from ICICI Bank, you can invest online in a fixed deposit, a recurring deposit, the National Pension System (NPS), or the Public Provident Fund (PPF) right away.

‘No Minimum Balance Commitment’ feature:

When you open a 12-month FD with a minimum of ₹10,000, you can enjoy the benefits of an account with no minimum balance commitment.

Insurance covers:

ICICI Bank Savings Accounts also give you the benefit of complimentary air accident insurance worth ₹50,000 and purchase protection insurance worth ₹50,000.

Click on the category you belong to for a customised savings account.

Men

Men

Woman

Women

Senior Citizen

Senior Citizens

Kid

Kids

Our range of savings accounts

To know more about the different types of ICICI Bank Savings Accounts, read on to find out.

Insta Save Account

Insta Save Account

This savings account serves various purposes. Be it saving money to meet your financial goals or investing to save tax, the all-new Insta Save Account we offer, can help you do it all instantly. You can easily open your Insta Save Account online using your Aadhaar number.

Features of Insta Save Account

  • Exciting offers on your favourite brands
  • A Platinum Visa Debit Card which helps you to earn reward points when you shop with it
  • Complimentary air accident insurance worth ₹50,000 and purchase protection insurance worth ₹50,000
Insta Save Account

‘The ONE’ Savings Account

One Savings Account

This is a premium savings account for the achiever in you. With this account, you can satisfy various goals like securing your family’s future, achieving your financial goals, and above all, upgrading your lifestyle.

Features of ‘The ONE’ Savings Account

  • Benefits on home loans
  • Waiver of brokerage on equity investments up to ₹22,500
  • Exclusive life insurance and health insurance offers
  • Subscription to premium services such as Amazon Prime and Zomato Pro
  • Exclusive offers at BigBasket
  • Unlimited free transactions at ATMs of all banks
  • Discounts on locker rentals up to 40%
One Savings Account
nps-plus-savings-account

NPS Plus Savings Account

nps-plus-savings-account

With our NPS Plus Savings Account, you can save on your taxes, increase your savings and avail special banking benefits. You also get to enjoy exclusive offers and secure the golden years of your life that follow your retirement.

Features of NPS Plus Savings Account

  • Low fund management charges on your mutual fund investments
  • Choice of multiple investment options like PPF, ELSS and tax-saver FDs
  • Unlimited ATM withdrawals
  • Complimentary insurance benefits
  • Discounts on processing fees for home loans, auto loans and personal loans
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Regular Savings Account

ICICI Bank Step Up Home Loans

The Regular Savings Account from ICICI Bank lets you experience the convenience of banking from anywhere, any time. It gives you access to our internet banking and mobile banking platforms, through which you can pay your bills or open a fixed deposit, among others.

Features of Regular Savings Account

  • Smart Shopper Silver Debit Card with exciting offers and Visa privileges
  • Access to a wide network of our branches and ATMs across India
  • User-friendly internet banking and mobile banking portals

Silver Savings Account

Balance Transfer

With the Silver Savings Account from ICICI Bank, you can make use of our banking services through the internet or over your mobile phone.

In addition to the regular benefits you get with a regular savings account, the Silver Savings Account offers you many other advantages.

Features of Silver Savings Account

  • Free ‘Anywhere Banking’ facility across all branches of ICICI Bank
  • Discount of 15% on annual locker rentals
  • Unlimited cash withdrawals from ATMs of all banks, free of charge
Balance Transfer
Loan Against Property

Gold Savings Account

Loan Against Property

The Gold Savings Account from ICICI Bank allows you to experience a variety of privileges over and above what another savings account can offer. With various services available free of charge, this account makes banking easier and more convenient for you.

Features of Gold Savings Account

  • Priority service at special privilege banking zones in our branches, so you don’t have to wait
  • Discount of 20% on annual locker rentals
  • Unlimited cash withdrawals from ATMs of all banks, free of charge

Titanium Savings Account

Balance Transfer

The Titanium Savings Account from ICICI Bank takes privilege to a whole new level. This account ensures that the benefits of effortless banking are made available not just to you, but to your family as well.

Features of Titanium Savings Account

  • Dedicated privilege banker to assist you
  • Discount of 40% on annual locker rentals
  • Free unlimited cash withdrawals to ATMs of all banks
Balance Transfer
Auto Assure Savings Account

Auto Assure Savings Account

Auto Assure Savings Account

If you’ve availed an auto loan from us, or if you plan to do so, you can open an Auto Assure Savings Account. This account makes it easier for you to repay your loan through quick and easy auto debit transactions.

Features and benefits of our Auto Assure Savings Account

  • Premium savings account available for our auto loan customers
  • Free unlimited access to ATMs of all the banks
  • Discounts on locker rentals
  • Exclusive offers and benefits with your savings account*

*On opting for auto debit of EMIs for our auto loan

Home Assure Savings Account

Home Assure Savings Account

The Home Assure Savings Account from ICICI Bank is a prudent choice for you if you’ve availed a home loan from us, or if you plan to do so. Using this account, you can repay your loan smoothly with the auto debit facility.

Features of Home Assure Savings Account

  • Premium savings account available for our home loan customers
  • Lifetime waiver of charges for balance maintenance*
  • Discounts on locker rentals
  • Free unlimited cash withdrawals to ATMs of all banks
  • Exclusive offers and benefits with your savings account

*On opting for auto debit of EMIs for ICICI Bank’s Home Loan

Home Assure Savings Account
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Investment & Tax Savings Account

ICICI Bank Step Up Home Loans

The Investment and Tax Savings Account from ICICI Bank enables you to achieve your financial goals and prepare for the future. This account is designed to help you make and manage investments that allow you to save tax and create wealth.

Features of Investment and Tax Savings Account

  • Simple investment in Equity Linked Savings Scheme (ELSS) through Systematic Investment Plans (SIP)
  • Tax advantage under Section 80C of the Income Tax Act on investing in ELSS
  • No charges on non-maintenance of minimum balance*

*To avail this benefit, please continue to pay your monthly SIPs and the annual fees for your Expressions Debit Card, as needed.

ICICI Bank Step Up Home Loans

Savings Family Banking

ICICI Bank Step Up Home Loans

Extend the benefits of your savings account to all the members in your family with our ‘Family Banking’ facility. With this service, your family gets to enjoy exclusive offers and various banking privileges.

Features of Family Banking facility

  • Enjoy moments of togetherness: A single 'Family' bank to cater to all the banking       needs of your family.
  • Single bank account to cater to all the banking needs of your family
  • Superior account benefits and privileges for all the members of your family
  • Lower minimum Monthly Average Balance (MAB) requirement at the family level
  • No need for individual minimum MAB maintenance for each family member
  • Flexibility to maintain the required minimum MAB in any one or more of the accounts that your family members hold with ICICI Bank.

3 in 1 Savings Account

Balance Transfer

Seamless for investors and traders, our 3-in-1 Savings Account is a trading account, a demat account and a bank account rolled into one convenient package. These three accounts are linked together to enable seamless transactions if you wish to invest in a variety of financial assets.

Features of 3-in-1 Savings Account

  • Support for trading and investing in a wide range of products like equity, derivatives, IPOs, mutual funds and more.
  • All-inclusive and low brokerage charges.
  • Accessibility from multiple platforms like a mobile phone, a desktop and the web, so you don’t miss out on any investment opportunity.
Balance Transfer
ICICI Bank Step Up Home Loans

Gold Plus Savings Account

ICICI Bank Step Up Home Loans

Do you want to enjoy the dual advantages of earning interest on your fixed deposit and simultaneously ensuring that your savings are liquid? With our Gold Plus Savings Account, you can experience these two advantages in one go.

Features of Gold Plus Savings Account

  • Quantum Optima facility with auto sweep-in and auto sweep-out features
  • Exclusive privilege banking zones and priority service
  • Free Gold Privilege Debit Card with higher limits for withdrawal and spending
  • Unlimited cash withdrawals from ATMs of all the banks, free of charge

HUF – Hindu Undivided family

Balance Transfer

We also offer a variety of savings accounts for the benefit of Hindu Undivided Families (HUFs). You can open a Hindu Undivided Family Savings Account in any one of these variants: Regular, Silver, Gold and Titanium.

Features of Hindu Undivided Family Savings Account

  • Debit Card with exciting offers and Visa privileges
  • Insurance benefits including Accident Insurance and Purchase Protection Insurance
  • Free Anywhere Banking across all branches of ICICI Bank
Balance Transfer

Other Accounts

Balance Transfer

There are several other variants of savings accounts that you can choose from. So, if you’re still searching for a different type of savings account, click on the button below to take a look at some of the other options we provide.

Compare different savings accounts

The four main variants of the savings accounts we offer come with different features and benefits. A side-by-side comparison of these alternatives can help you make a more informed decision about the kind of account suitable for you. Take a look at the table below to compare the different variants of savings accounts.

 

FeaturesRegular Savings AccountSilver Savings AccountGold Privilege Savings AccountTitanium Privilege Savings Account
Monthly Average Balance ₹10,000 ₹25,000 ₹50,000 ₹1,25,000
Locker facility Access ICICI Bank lockers across the country for your valuables A discount of 15% on annual locker rentals A discount of 20% on annual locker rentals A discount of 40% on annual locker rentals
ATM access Five free ATM withdrawals every month at ATMs of all the banks Free unlimited access to ATMs of all the banks Free unlimited access to ATMs of all the banks Free unlimited access to ATMs of all the banks
Debit Card Smart Shopper Silver Debit Card with exciting offers and Visa Privileges   Smart Shopper Silver Debit Card with exciting offers and Visa Privileges   Gold Privilege Debit Card with exciting offers and Visa Privileges   Free Titanium Privilege Debit Card with exciting offers and Visa Privileges 
Internet banking and mobile banking Free user-friendly internet banking and mobile banking services Free user-friendly internet banking and mobile banking services Free user-friendly internet banking and mobile banking services Free user-friendly internet banking and mobile banking services
Network 24/7 banking with an extensive range of Touch Banking branches and ATMs 24/7 banking with an extensive range of Touch Banking branches and ATMs 24/7 banking with an extensive range of Touch Banking branches and ATMs 24/7 banking with an extensive range of Touch Banking branches and ATMs
Account statements Free e-mail statements to keep you updated about your savings account Free e-mail statements to keep you updated about your savings account Free e-mail statements to keep you updated about your savings account Free e-mail statements to keep you updated about your savings account
Other benefits Issue cheques freely all across the country with your free multi-city cheque book and track your account with your free passbook.Bank from any branch of ICICI Bank, anywhere.Transfer your savings account from one branch of ICICI Bank to another by submitting a written request at the branch or by calling our customer care number. Issue cheques freely all across the country with your free multi-city cheque book and track your account with your free passbook.Free Anywhere Banking across all branches of ICICI Bank.Transfer your savings account from one branch of ICICI Bank to another by submitting a written request at the branch or by calling our customer care number. Issue cheques freely all across the country with your free multi-city cheque book and track your account with your free passbook.Bank from any branch of ICICI Bank, anywhere.Transfer your savings account from one branch of ICICI Bank to another by submitting a written request at the branch or by calling our customer care number. Issue cheques freely all across the country with your free multi-city cheque book and track your account with your free passbook.Free Anywhere Banking across all branches of ICICI Bank.Transfer your savings account from one branch of ICICI Bank to another by submitting a written request at the branch or by calling our customer care number.
Special Benefits  -  - Exclusive privilege banking zones at our branches A dedicated privilege banker.Exclusive privilege banking zones in our branches.Waiver of the trading account opening fee of ₹975 and of the first year demat Annual Maintenance Charge (AMC) of ₹500

Frequently Asked Questions (FAQs) for Savings Account

what is saving account?

A Savings Account is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, while earning interest. Savings Accounts help feed your banking needs and provide a small interest on the deposit maintained. There are various variants depending on the profile of customers.

How to calculate interest on savings account?

Interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. The interest amount calculated is rounded off to the nearest rupee. Interest will be paid quarterly in March, June, September and December.

How to open a savings account?

Savings Account can be opened online or through the branch. Customer can either visit the branch with the Know Your Customer (KYC) documents or express an interest to open an account online. A sales officer would approach him/her in person to collect the KYC documents and open the account.

What are best savings options for senior citizens?

Senior Citizen Fixed Deposits (FDs) and Recurring Deposits (RDs)

The Fixed Deposit interest rates for senior citizens are higher than regular FD rates.

These deposits have a flexible tenure ranging from 12 months to 60 months, which you can choose based on your needs.

Senior Citizen Savings Scheme

  • This option allows you to invest a sum from Rs 500 to Rs 15 lakh depending on your savings.
  • It features a fixed tenure of 5 years that can be stretched to further 3 years.
  • It offers you a high rate of return that can go up to 9.10% per annum and is a safe investment option.
  • It has a simple application procedure that doesn’t require you to go through lengthy paperwork. All you have to do is fill and submit a form with your documents attached.

Post Office Monthly Income Scheme

  • This is the best savings scheme that enables you to deposit a maximum of Rs 4.5 lakh for single ownership and up to Rs 9 lakh for joint accounts
  • This monthly income scheme in India offers you an interest rate up to 7.8% per annum in a scheme that is known offer reliable returns, though the income is taxable.
  • This option provides steady and safe returns unaffected by market forces.
  • It also has provision to transfer the returns directly into your Savings Account for ease of use.

Tax-free bonds

  • These are bonds that are issued by the Government to raise money for a project.
  • There is absolutely no risk of non-repayment. The interest returns are guaranteed and absolutely tax-free.
  • The tenure for these bonds can go from 10 years to 30 years, depending on the length of the project.
  • The interest rate for these bonds usually range from 7.3% to 7.5% per year.
  • There are various Government organisations that could require investments. These organisations are like the Indian Railways Finance Corporation, Housing and Development Corporation, National Thermal Power Corporation (NTPC) Limited and more.
  • The maximum amount that can be invested is up to Rs 10 lakh.

Debt funds

  • These are bonds that are issued by the Government to raise money for a project.
  • There is absolutely no risk of non-repayment. The interest returns are guaranteed and absolutely tax-free.
  • The tenure for these bonds can go from 10 years to 30 years, depending on the length of the project.
  • The interest rate for these bonds usually range from 7.3% to 7.5% per year.
  • There are various Government organisations that could require investments. These organisations are like the Indian Railways Finance Corporation, Housing and Development Corporation, National Thermal Power Corporation (NTPC) Limited and more.
  • The maximum amount that can be invested is up to Rs 10 lakh.

Mutual Funds

  • Senior citizens can consider investing in mutual funds where the fund manager handles the funds. So the risk is lesser compared to the equity market. Also, the customer can choose the risk profile of the funds to invest in.

How to open a savings account online?

Using the online platform, customer can record his willingness to open an account. A sales officer would approach him/her in person to explain the various account variants and to collect the KYC documents to open the account.

What is current and saving account?

  • Savings Account refers to an account that is meant for people who keep their savings to fulfil their financial requirements in future. Current (Checking) Account is an active account which is meant for day-to-day monetary transactions.
  • Savings Account aims at encouraging savings of the general public whereas Current Account supports frequent and regular transactions of the account holder.
  • Savings Account aims at encouraging savings of the general public whereas Current Account supports frequent and regular transactions of the account holder.
  • There is a restriction in the number of daily and monthly transactions, in the case of a Savings Account, i.e. if the transaction limit exceeds the specified limit, charges may apply. There is no such cap for a Current Account, in essence, there is no restriction on the number and amount of transactions.
  • Current Account is non-interest bearing, but a Savings Account earns interest, which is normally 4% - 8%.
  • Passbook is provided by banks on the Savings Account which lists the number of debits and credits to and from the account, date-wise. In Current Account, no passbook is issued by the bank to the account holders.
  • Bank overdraft facility is provided to the Current Account only and not in the Savings Account.
  • The opening balance required to start a Savings Account is very less. In contrast, Current Account requires high amount as the opening balance, to start the account.

What type of savings account should i open?

The ONE Savings Account

A premium Savings Account for the achievers of today which will not only help you realise your financial goals, but will also upgrade your lifestyle.

Regular Savings Account

  • Smart Shopper Silver Debit Card with exciting offers and Visa privileges
  • Anywhere banking facility with wide network of 4,800+ branches and 15,000+ ATMs pan India
  • User-friendly Internet Banking and Mobile Banking.

Silver Savings Account

  • Free Anywhere Banking across all branches
  • 15% discount on annual locker rentals
  • Make unlimited cash withdrawals from any banks’ ATM, free of charge.

Gold Savings Account

  • Priority service at special Privilege Banking zones in branches, to reduce your waiting time
  • 20% discount on annual locker rentals
  • Unlimited cash withdrawal transactions at any bank’s ATM, free of charge.

Titanium Savings Account

  • A dedicated Privilege Banker to assist you
  • 40% discount on annual locker rentals
  • Free unlimited access to other banks’ ATMs.

Investment and Tax Savings Account

  • Investment in Equity Linked Savings Scheme (ELSS) through Systematic Investment Plan (SIP)
  • Tax advantage under Section 80C on investing in ELSS
  • No charges on non-maintenance of balance.

Savings Family Banking Account

  • Enjoy moments of togetherness: A single 'Family' bank to cater to all the banking needs of your family.
  • Superior account benefits and privileges to all family members.
  • Maintain a lower minimum Monthly Average Balance (MAB) at the family level. Each family member need not have to maintain minimum MAB individually
  • Flexibility of maintaining the required minimum MAB in any one (or more) of the accounts that members of the family hold with ICICI Bank.

3 in 1 Savings Account

  • 3-in-1 Account is a combination of Trading Account, Savings Account and Demat Account opened and linked together for seamless transactions
  • Trade and invest in a wide range of products like Equity, Derivatives, IPOs, Mutual Funds, etc.
  • All-inclusive and low brokerage charges
  • Accessibility on multiple platforms through mobile, desktop, website so that you do not miss out on any investment opportunity.

Gold Plus Savings Account

  • Quantum Optima facility with Auto Sweep-in and Auto Sweep-out
  • Exclusive privilege banking zones and priority service
  • Free Gold Privilege Debit Card having higher withdrawal and spend limit
  • Unlimited cash withdrawal transactions at any bank’s ATM, free of charge.

Hindu Undivided Family (HUF)

  • Debit Card with exciting offers and Visa privileges
  • Insurance benefits – Accidental and purchase protection
  • Free Anywhere Banking across all branches.

Aura and Awsa Savings Account for working and homemakers, respectively.

Senior Club Savings Account for senior citizens.

Basic Savings Bank Deposit Account, Easy Receive Account are other types of Savings Account.

What is the best type of savings account?

All account variants have their perks and benefits. So it is wise to understand the requirement and choose accordingly based on one’s profile and transaction preferences.

How to check your savings account online?

  • Savings Account can be accessed online through the Internet Banking platform.
  • Customer can do transactions also through the Internet Banking medium.
  • iMobile app is the mobile banking application of ICICI Bank which enables customers to perform banking operation on the move in their smartphones.

How to get interest in savings account?

Interest is calculated on a daily basis based on the balance maintained daily and the interest is paid at the end of each quarter. So, customers expecting higher interest rates can maintain balances in their accounts. However, FDs and RDs are better investment vehicles and offer a better interest rate.

What is required to open a savings account?

KYC documents have to be provided for verification and a photocopy for account opening. The following documents suffice as proof:

  • Identity proof
  • Valid Passport, Driving Licence, PAN Card, Voter ID, Job Card by NREGA, Aadhaar letter card issued by Unique Identification Authority of India can be provided as.
  • Address Proof
  • Utility Bills, property Tax bill can be used as address proof.
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