Freedom Savings Account

 

Available to

All Cities

Eligibility

Resident Indian, >18yrs

Minimum monthly average balance (MAB)*

Rs.10,000*

Charges for non maintenance of minimum monthly average balance (NMMAB)

Rs. 100 + 5% of the shortfall in required MAB

Cash transactions (deposits and withdrawals) at base branch i.e all branches/ Cash Recycler Machine (cash deposits) in the same city

 

Nil for the first 4 transactions in a month;thereafter Rs.5 per thousand rupees or part thereof, subject to a minimum of Rs.150 in the same month (Maximum limit - self: Any Amount, Third party: Rs. 50,000 per day)

Anywhere Cash Withdrawals by customer or customers representative to the debit of the customers own savings Account at a non-base branch i.e. branch in other city

Nil for the first cash withdrawal of a calendar month;
Thereafter in the month, Rs.5 per thousand rupees or part thereof, subject to a minimum of Rs.150
(Maximum withdrawal limit –
Self: Any Amount , Third party: Rs.15,000 per day)

Anywhere Cash deposit by customer or customers representative to the credit of the customers own savings Account at a non-base branch i.e. branch in other city

At Branch – Rs. 5 per thousand rupees or part thereof, subject to a minimum of Rs. 150 (Maximum deposit limit –Self: Any Amount, Third party: Rs. 50,000 per day)

At Cash Recycler Machine –Nil for the first cash deposit of a calendar month; thereafter in the month, Rs. 5 per thousand rupees or part thereof, subject to a minimum of Rs. 150

 

Cash Transaction Charges
(Cumulative of Deposit and Withdrawal)
(with effect from Dec 15, 2019)

1) Number Limit (Sum total of deposits and withdrawals)
4 free cash transactions per month.
Charges above free limits: Rs 150 per transaction.

2) Value Limit (Sum total of deposits and withdrawals) The value limit is inclusive of both Home and Non home branch transactions.
a) Home Branch (Branch where account is opened or ported)
Rs 2 lakh. Free per month per account.
Above Rs 2 lakh – Rs 5 per Rs 1,000, subject to a minimum of Rs 150
b) Non-Home branch –
No charges for cash transactions value up to Rs 25,000 per day.
Above Rs 25,000 – Rs 5 per Rs 1,000 subject to a minimum of Rs 150

3) Third party Cash transaction (Sum total of deposits and withdrawals) -
Up to a limit of Rs 25,000 per day – Rs 150 per transaction.
Above Rs 25,000 not allowed.

Additional Cash Transaction Charges (with effect from Oct 16, 2019)

All free cash transactions at ICICI Bank branches or cash deposits done at ICICI Bank Cash Recycler Machines will be charged at Rs 100 (per transaction) for the first two transactions and Rs 125 (per transaction) for any subsequent transaction in case of non-maintenance of applicable minimum Monthly Average Balance (MAB) stipulated in the terms and conditions applicable to your account. This charge will be levied over and above the non–maintenance of MAB charges stipulated in terms and conditions applicable to the account.

Issue of DD drawn on ICICI Bank by cheque/transfer (w.e.f. July 01, 2019)

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

Statement

Free monthly e-mail statement

Free monthly statement to be collected from branch

Passbook facility available at base branch free of cost

View and download statement facility available on the website

Debit Card Fees for first Account Holder

Rs.150 p.a.
For Gramin locations - Rs.99 p.a.

Debit Card Fees for joint Account Holder

Rs.150 p.a.
For Gramin locations - Rs.99 p.a.

Debit Card Cash withdrawal limit

Domestic transaction limit - Daily spending/withdrawal limit: Rs.100,000/Rs.50,000
International transaction limit - Daily spending/withdrawal limit: Rs.100,000/Rs.50,000

Cheque Books(w.e.f. July 01, 2019)

Nil for 20 payable-at-par cheque leaves in a year;
Rs. 20 for every additional cheque book of 10 leaves

Charges for Multicity cheque payment

Nil

Value Added SMS alert facility

Rs. 15 per quarter

ATM Interchange (Transactions at Non ICICI Bank ATMs)

Nil

Transactions at ICICI Bank ATMs / Cash Recycler Machines (cash withdrawals)

Nil

Outstation cheque collection –through ICICI bank branch locations

Upto Rs. 5,000 – Rs. 25 per instrument
Rs. 5,001 to Rs. 10,000 – Rs. 50 per instrument
Rs. 10,001 to Rs. 1 lakh – Rs 100 per instrument
Above Rs. 1 lakh - Rs. 200 per instrument

Outstation cheque collection –through non ICICI bank branch locations

Upto Rs. 5,000 – Rs. 25 per instrument
Rs. 5,001 to Rs. 10,000 – Rs. 50 per instrument
Rs. 10,001 to Rs. 1 lakh – Rs 100 per instrument
Above Rs. 1 lakh - Rs. 200 per instrument

 

* 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).