Senior Citizen Savings Account
|Available to||All cities|
|Eligibility||Indian resident > 60 yrs of age|
|Minimum monthly average balance (MAB)*||Rs.4500|
|Charges for non maintenance of minimum monthly average balance (NMMAB)||
5% of the shortfall in required MAB or Rs. 100 whichever is lower
|Cash transactions (deposits and withdrawals) at base branch i.e all branches/ Cash Acceptor Machine in the same city||Nil|
|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 Acceptance 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.
|ATM Interchange (Transactions at Non ICICI Bank ATMs)||Nil|
|Transactions at ICICI Bank ATMs||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.3 per thousand rupees or part thereof (maximum of Rs.15,000)|
Free Monthly e-mail statement
Free Quarterly statement sent by post
|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||Nil|
|Debit Card Fees for joint Account Holder||Nil|
|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
Nil for 20 payable-at-par cheque leaves in a quarter;
|Charges for Multicity cheque payment||Nil|
|Value Added SMS alert facility||Nil|
|Outstation cheque collection –through ICICI bank branch locations||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
|Transaction charges in event of non-maintenance of minimum Monthly Average Balance (MAB)|
|Cash transactions at branch in the event of non-maintenance of MAB||
|Cheque book charges in the event of non-maintenance of MAB||
- 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).