India, Aug. 10 -- ICICI Bank is facing flak from a section of the internet for its decision to raise the minimum balance requirement for savings accounts. Customers with savings accounts in metro and urban areas will be expected to maintain a minimum average monthly balance of Rs.50,000, up from the earlier Rs.10,000.

The minimum average balance requirement for account holders in semi-urban areas now stands at Rs.25,000, up from Rs.5,000. Meanwhile, the minimum balance for rural areas has been increased from Rs.2,500 to Rs.10,000.

This hike will be applicable to new savings accounts opened on or after August 1, 2025. (Also read: ICICI Bank raises minimum balance for savings accounts from Rs.10,000 to 50,000)

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