New Delhi, Aug. 9 -- ICICI Bank, the second largest private lender in India has announced a sharp increase in the minimum monthly average balance (MAB) requirement for its savings accounts, effective from August 1, 2025.

The change applies to all new accounts opened after that date, setting a new benchmark in the industry for the highest MAB requirement among domestic banks.

MAB is the minimum amount that an account holder should compulsory maintain in their Savings Account every month to avoid a penalty. In this requirement, you are not obliged to keep a specific amount in your account every single day, MAB is the average of your daily closing balances over the course of a calendar month.

For example, if a month has 30 days and the re...