icon_notification notification-animation 11
GET A CALL BACK

Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly

Privilege Banking Accounts - Senior Citizens

 

Privilege Account

 

Blue Privilege Savings Account (Senior Citizen)#

Gold Privilege Savings Account (Senior Citizen)

Titanium Privilege Savings Account (Senior Citizen)

Available to

All cities

All cities

All cities

Eligibility

Resident Indian, >60yrs

Resident Indian, >60yrs

Resident Indian, >60yrs

Minimum monthly average balance (MAB)*MAB is the simple average of day-end balances for a calendar month.

Rs.10,000*

Rs. 50,000*
MAB requirement waived subject to FD of min Rs.2.5 lacs under the same Cust ID (not applicable for Gold Plus Savings Account)

Rs. 1,25,000***
MAB requirement waived subject to FD of min Rs.6.25 lacs under the same Cust ID

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

3% of the shortfall in required MAB or Rs. 500 whichever is lower

3% of the shortfall in required MAB or Rs. 500 whichever is lower

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.
For Senior Citizen customers while the limit of Rs 25,000 per transaction will be applicable, the accounts will not be charged.

1) Number Limit (Sum total of deposits and withdrawals)
Rs 150 per transaction, post 5 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.
Limits are inclusive of both Home and Non home branch transactions. (Self and Third party)

1) Number Limit (Sum total of deposits and withdrawals)
Rs 150 per transaction, post 7 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 5 lakh, per month or Rs 150, whichever is higher.
Limits are inclusive of both Home and Non home branch transactions. (Self and Third party)

ATM Interchange (Transactions at Non ICICI Bank ATMs)

Nil

Nil

Nil

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

Nil

Nil

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

Nil upto for D.D. up to Rs.150,000 per day above that Rs 5 per thousand or part thereof maximum of Rs 15000

Nil

Debit Card Fees annual fees

Nil

Nil

Nil

Cheque Books

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

Nil

Nil

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)

Nil

Nil

Nil

Outstation cheque collection –through ICICI bank branch locations

Nil

Nil

Nil

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

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

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

 

Note:

# This product is no longer available for new customers

* This is applicable for customers who hold the Privilege Banking account August 21, 2008 onwards. Non-maintenance of MAB charges not applicable to Salary customers

For customers who hold the Privilege Account between April 10, 2008 and August 20, 2008
- The new minimum balance requirement and charges will be applicable October 1, 2008 onwards.
- The current minimum required TRV for Gold Privilege Account is Rs.100,000 out of which min MAB requirement in savings account is Rs.50,000
- The current minimum required TRV for Silver Privilege Account is Rs.50,000 out of which min MAB requirement in savings account is Rs.25,000
- The current minimum required TRV for Blue Privilege Account is Rs.25,000 out of which min MAB requirement in savings account is Rs.10,000
- If the required minimum balances are not maintained for two consecutive quarters, Privilege Banking facilities will be withdrawn.
- In addition to the above, If MAB falls below Rs.10,000, non-maintenance of MAB charge @ Rs.750 per quarter is levied. These charges are not applicable for Salary customers

For customers who hold the Privilege Account as on April 9, 2008
- The new definition will be applicable October 1, 2008 onwards.
- The current minimum required TRV for Gold Privilege Account is Rs.100,000 out of which min MAB requirement in savings account is Rs.50,000
- The current minimum required TRV for Silver Privilege Account is Rs.50,000 out of which min MAB requirement in savings account is Rs.25,000
- The current minimum required TRV for Blue Privilege Account is Rs.25,000 out of which min MAB requirement in savings account is Rs.10,000
- If the required minimum balances are not maintained for two consecutive quarters, Privilege Banking facilities will be withdrawn.
- No non-maintenance of MAB charges applicable

*** For Titanium Privilege Account or upgraded an existing account to a Titanium Privilege Account on or before November 30, 2012 ; –

The minimum required TRV** for Titanium Privilege Account is Rs.5,00,000 and minimum MAB requirement in savings account is Rs.75,000

Charges for non-maintenanace of MAB not applicable: Subject to FD of min Rs.3.75 lacs under the same CUST ID
If the required minimum balances are not maintained for two consecutive quarters, Privilege Banking facilities will be withdrawn.

** The Total Relationship Value (TRV) consists of the following products either singly or jointly –
- Balances in bank accounts
- Fixed Deposits
- Mutual Funds
- Bonds / Small Savings
- Investment portion of Life Insurance policies
- Alternate Products (Real Estate Funds, Private Equity Funds, Structured Products etc)

The above investments should be through ICICI Bank.

  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).