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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
    Home Branch (Branch where the account is opened or ported)
    (Deposits and withdrawals across branches and deposits in Cash Recycler Machines considered.)

    1) Number Limit (Sum total of deposits and withdrawals)
    Rs 150 per transaction, post 4 free cash transactions per month.
    2) Value Limit (Sum total of deposits and withdrawals)
    Rs 5 per Rs 1,000, post free limit of Rs 1 lakh, per month or Rs 150, whichever is higher.

    a) Non-Home branch –
    Rs 5 per Rs 1,000, for transaction value above Rs 25,000 at non-home branch in a day or Rs 150, whichever is higher.
    b) Third party cash transactions charged at Rs 150 per transaction. Per transaction value capped at Rs 25,000.

    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
    For Gramin locations - Rs.99

    Cheque Books

    Nil for 25 cheque leaves in a year;
    Rs. 2 per leaf thereafter

    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:

    1. Common service charges applicable to all Savings Account variants except for Wealth Management / ICICI Bank Private Banking and the ones mentioned above. Click here.
    2. 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. 
    3. *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).

     

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