ICICI Bank’s New Service Charges 2025: What Every Account Holder Must Know

ICICI Bank will roll out major changes to its service charges for savings account holders from August 1, 2025. It covers cash deposits, withdrawals, ATM usage, and penalties for not maintaining the required Monthly Average Balance (MAB). Under the revised rules, failing to maintain the prescribed MAB could result in higher penalties than before a move that has already sparked considerable discussion on social media and customer forums. Continue reading to check out the recent changes made by the bank.

Minimum balance

ICICI Bank revised its monthly average balance, which is the minimum balance that needs to be maintained in a savings account over a month. This will be applicable to savings accounts opened after 1 August 2025. Metro and urban areas need to maintain ₹15,000 MAB, semi-urban areas ₹7,500 MAB and rural areas ₹2,500. There is no MAB limit for pensions and students of 1200 selected institutions.

Cash Deposits at Branches and Cash Recycler Machines

Number Limit -

Bank offers three complimentary cash transactions limit per month or Rs.150 per transactions per month

Value Limit-

Bank offers complimentary Rs. 1 lakh per month if limit is crossed, then Rs 3.5 per 1,000 or Rs 150, whichever is higher is charged.

Third-party limit

Cash deposit limit for third party for a regular savings account is Rs. 25,000 per transaction

ALSO READ: https://stablemoney.in/fixed-deposit-interest-rates/icici-fixed-deposit-rates

Cash Withdrawal at bank branches-

Number Limit-

Bank offers a complimentary three cash transactions per month, after crossing the limit is Rs 150 is charged per transaction

Value Limit-

Cash withdrawal value limit is Rs. 1 lakh per month. If it is crossed, then Rs. 3.5 per 1,000 or Rs. 150, whichever is higher, is charged.

Third-party-

Cash withdrawal Limit for third-party is Rs. 25,000 per transaction, which applies to regular savings accounts.

Transactions at ICICI Bank ATMs

The bank offers free first five transactions; after that, financial transactions is charged at Rs 23. Whereas non-financial transactions are free, which include balance inquiry, mini statement, etc.

Non-ICICI Bank ATM Charges-

Charges at six metro locations-

At ATM’s other than ICICI bank, the first three transactions are free, after that 23 per financial transaction and Rs. 8.5 per non-financial transaction is charged. These are applicable at six metro locations ( New Delhi, Mumbai, Hyderabad, Bengaluru, Chennai, and Kolkata):

Other than metro locations-

ICICI bank offers the first five transactions at another bank’s ATM, after that, Rs. 23 per financial transaction and 8.5 per non-financial transaction is charged.

ATM Charges Outside India-

Bank charges ₹ 125 per transaction for any ATM withdrawal outside India in any other bank's ATM. These charges come with an additional 3.5% currency conversion charge.  Non-financial transactions like balance enquiry, mini-statement is 25 per transaction

Cash deposit charges

Cash deposit charges for deposits above Rs. 10,000 (either single or multiple transactions) in non-working hours, which are between 4:30 pm to 9 am, are Rs. 50 per transaction. Cash deposit charges are applied above cash transaction charges.

ALSO READ: https://stablemoney.in/blog/icici-savings-account-interest-rate

Service Charges-

Here are some other service charges as per the bank’s official website are mentioned below-

Penal charges for ICICI bank customers

Here are some penal charges for ICICI bank customers as per the bank’s official website- 

Conclusion

ICICI Bank’s revised service charges from August 1, 2025, bring significant changes that savings account holders need to be aware of, especially regarding minimum balance requirements, cash transaction limits, and ATM usage fees. While these updates aim to streamline banking operations and manage costs, they also mean customers must be more mindful of their transactions to avoid extra charges. Staying informed, planning withdrawals and deposits smartly, and maintaining the required MAB can help you minimise penalties and make the most of your ICICI Bank account under the new rules.