Basic Savings Bank Account FAQs

What are the features of an ICICI Bank Basic Savings Bank Account?


What is the eligibility criteria for opening an ICICI Bank Basic Savings Bank Account?


What documents do I need to submit for opening an ICICI Bank Basic Savings Bank Account?


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


You can approach us in any of the following ways:

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


There is no minimum monthly average balance requirement for this account.

What is the rate of interest that I will earn on the balance in my ICICI Bank Basic Savings Bank Account?


At what frequency will the interest be paid to me?


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

Can I open a Basic Savings Bank Account jointly?


Basic Savings Bank Account can be opened as a joint account.

What are nomination facilities available on a Basic Savings Bank Account?


  • Nomination facility is available for Basic Savings Bank Account.
  • 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 any of our branches.

How can I change the nominee(s) for my ICICI Bank Basic Savings Bank 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.

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


You can access your Basic Savings Bank Account through:
ICICI Bank branches
ICICI Bank ATMs
Phone Banking