India, Aug. 9 -- In a major move on Saturday, ICICI Bank increased the minimum average balance requirement for its savings account across all branches. The new rule is set to come into effect from August 1, 2025.

For the customers in metro and urban areas, the minimum average has been raised from the earlier Rs.10,000 to now Rs.50,000. While in semi-urban areas, the new requirement is Rs.25,000, compared to Rs.5,000 previously, ANI reported.

For rural branches, the amount has been increased from Rs.2,500 to Rs.10,000.

This major hike is expected to impact a large amount of customers, especially from rural and semi-urban areas. Customers who are not able to maintain the required amount of balance may face penalty charges, which could ca...