Senior Citizen Savings Account

 

Available to All cities
Eligibility Indian resident > 60 yrs of age
Minimum monthly average balance (MAB)* Rs.5000
(W.e.f. June 1, 2016 :
 Rs.4500)
Charges for non maintenance of minimum monthly average balance (NMMAB)

Rs 100 per month

(W.e.f. June 1, 2016 :
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 Unlimited Free of Cost
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) Free
Transactions at ICICI Bank ATMs Free
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)
Statement

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 Free
Debit Card Fees for joint Account Holder Free
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

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

Charges for Multicity cheque payment Nil
Value Added SMS alert facility Free
Outstation cheque collection –through ICICI bank branch locations Free
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

 

Nil i.e waived off.

Cheque book charges in the event of non-maintenance of MAB

Nil i.e waived off.


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 period 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).