Freedom Savings Account
Available to |
All Cities |
Eligibility |
Resident Indian, >18yrs |
Minimum monthly average balance (MAB)* MAB is the simple average of day-end balances for a calendar month. |
Rs.10,000* |
Service Charges | |
Cash Transaction Charges |
1) Number Limit (Sum total of deposits and withdrawals) |
ATM Interchange (Transactions at Non ICICI Bank ATMs) |
Nil |
Transactions at ICICI Bank ATMs / Cash Recycler Machines (cash withdrawals) |
Nil |
Issue of DD drawn on ICICI Bank by cheque/transfer |
Rs.50 per D.D. up to Rs.10,000;Rs.5 per thousand rupees or part thereof for DD of more than Rs.10,000, subject to a minimum of Rs.75 and maximum of Rs. 15,000 |
Debit Card Fees annual fees |
Rs.150 |
Cheque Books |
Nil for 25 cheque leaves in a year; |
Value Added SMS alert facility (For transactions other than specified by regulatory guidelines, sms alerts will be triggered only if the transaction value is greater than Rs.5,000)
|
15 paise per sms |
Penal Charges | |
Charges for non maintenance of minimum monthly average balance (NMMAB) |
6% of the shortfall in required MAB or Rs. 500 whichever is lower. |
* Rs.5000 for customers who hold Freedom account as on January 20, 2008
Note:
- Common service charges applicable to all Savings Account variants except for Wealth Management / ICICI Bank Private Banking and the ones mentioned above. Click here.
- Taxes at prevailing rates as per Govt rules shall be applicable over and above the mentioned charges.The charges indicated above are subject to periodic revision.
- *With effect from April 1, 2015:In the event of non-maintenance of minimum MAB, the bank will notify the customer by SMS/e-mail/ letter etc. that in the event of the minimum balance not being restored in the account in the subsequent month, non-maintenance of MAB charges will be applicable.
In case the customer has not maintained MAB for any consecutive month, non-maintenance of MAB charges shall be applicable for all consecutive months. The Bank will notify the customer in the initial month only in case of non-maintenance of MAB in consecutive months.It will be the responsibility of the customer to have a valid e-mail ID,mobile number and address updated with the Bank at all times,failing which,customer may not receive the notification(s).