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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) |
For accounts not maintaining the required MAB |
For all free cash transactions, Rs 100 per transaction, for the first two cash transactions and Rs 125 for the subsequent transactions will be levied. This charge will be levied over and above the non–maintenance of MAB charges stipulated in terms and conditions applicable to the account. |
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).
