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Senior Citizen Savings Account
Eligibility |
Resident Indian, >60 yrs of age |
Minimum monthly average balance (MAB)*MAB is the simple average of day-end balances for a calendar month. |
Rs.4500 |
| Service Charges | |
Cash Transaction Charges |
1) Number Limit (Sum total of deposits and withdrawals) |
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 |
For amounts upto Rs.10,000– Rs.40, For amounts above Rs.10,000 till Rs.50,000– Rs.60, For amounts above Rs.50,000- Rs.5 per thousand rupees or part thereof (maximum of Rs.15,000) |
Debit Card Fees annual fees |
Nil *Only Applicable for the Titanium Debit Card issued with Account Opening |
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)
|
Nil |
Address change request at branches |
Nil |
Cash deposit charges - Cash Acceptor/Recycler machines |
Nil |
| Penal Charges | |
Charges for non maintenance of minimum monthly average balance (NMMAB) |
5% of the shortfall in required MAB or Rs. 100 whichever is lower |
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).
