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Privilege Banking Accounts - Senior Citizens
| Privilege Account | ||||||
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Blue Privilege Savings Account (Senior Citizen)# |
Gold Privilege Savings Account (Senior Citizen) |
Titanium Privilege Savings Account (Senior Citizen) |
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Available to |
All cities |
All cities |
All cities |
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Eligibility |
Resident Indian, >60yrs |
Resident Indian, >60yrs |
Resident Indian, >60yrs |
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Minimum monthly average balance (MAB)*MAB is the simple average of day-end balances for a calendar month. |
Rs.10,000* |
Rs. 50,000* |
Rs. 1,25,000*** |
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| Service Charges | ||||||
Cash Transaction Charges |
1) Number Limit (Sum total of deposits and withdrawals) |
1) Number Limit (Sum total of deposits and withdrawals) |
1) Number Limit (Sum total of deposits and withdrawals) |
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ATM Interchange (Transactions at Non ICICI Bank ATMs) |
Nil |
Nil |
Nil |
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Transactions at ICICI Bank ATMs / Cash Recycler Machines (cash withdrawals) |
Nil |
Nil |
Nil |
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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. Above that Rs 5 per thousand or part thereof maximum of Rs 15000 |
Nil |
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Debit Card Fees annual fees |
Nil |
Nil |
Nil |
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Cheque Books |
Nil for 25 cheque leaves in a year; |
Nil |
Nil |
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Value Added SMS alert facility |
Nil |
Nil |
Nil |
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| 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 |
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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.
- 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).
