ICICI Bank Account Opening Online | ICICI Bank Account Opening Form | ICICI Bank Account Opening Charges | ICICI Bank Account Opening Minimum Balance
ICICI Bank offers a variety of savings accounts that allow customers to deposit cash, keep them safe, and withdraw them while collecting interest. It offers a savings account that is customized to the demands of specific consumer groups and meets their expectations. For example, it has Premium savings account for its high-end customers and minor savings account for youngsters under the age of 18. The bank provides a number of services, including internet banking and mobile banking, and several of its savings account types have no minimum balance requirements. The article will tell you more details about ICICI Bank Account Opening and other details.
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ICICI Bank Account Opening Features and Benefits
The following are some of the advantages of an ICICI Bank Account Opening:
- The interest rate for ICICI Bank’s saving account ranges from 3.00 percent to 3.50 percent.
- The ICICI Bank savings account balance requirement is Rs. 10,000 in metro and urban areas, Rs. 5,000 in semi-urban areas, and Rs. 2,000 in rural areas.
- There is also a safe deposit locker and a nomination service available.
- Without changing the account number, an individual can transfer their ICICI Bank savings account to another branch.
- The ICICI Bank savings account can be linked to a Multi Option Deposit account to earn higher term deposit interest on excess funds.
- It offers a variety of debit cards to suit the needs of account holders.
- ICICI Bank provides services such as internet banking and missed call banking. Individuals can also use the mobile banking service, which includes interbank mobile payment services (IMPS), utility bill payments, mobile recharges, inquiry and statement requests, and cheque book requests.
- Passbook service is free of charge.
ICICI Bank Account Opening Charges
| Product | Minimum Balance | Interest Rate | Non-Balance Maintenance Charges |
| Titanium Privilege Account | Rs. 1,25,000 | 3.00% – 3.50% | Rs. 100 and 2 percent of the shortfall in required MAB or Rs. 500 whichever is lower |
| Gold Privilege Account | Rs. 50,000 | 3.00% – 3.50% | Rs. 100 and 2 percent of the shortfall in required MAB or Rs. 500 whichever is lower |
| Silver Savings Account | Rs. 25,000 | 3.00% – 3.50% | Rs. 100 and 5 percent of the shortfall in required MAB or Rs. 500 whichever is lower |
| Regular Savings Account | Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations | 3.00% – 3.50% | Rs 100 and 5 percent of the shortfall in required MAB |
| Advantage Woman Savings Account | Rs. 10,000 | 3.00% – 3.50% | Rs. 100 and 5 percent of the shortfall in required MAB |
| Life Plus Senior Citizens Savings Account | Rs. 4,500 | 3.00% – 3.50% | 5 percent of the shortfall in required MAB or Rs. 100 whichever is lower |
| Young Stars Savings Account | Rs. 2,500 | 3.00% – 3.50% | 5 percent of the shortfall in required MAB |
| Smart Star Savings Account | Rs. 2,500 | 3.00% – 3.50% | 5 percent of the shortfall in required MAB |
| Pockets Savings Account | No limit | 3.00% – 3.50% | There are no penalties or charges if you could not deposit money into a goal every month |
| Basic Savings Bank Account- The ICICI Bank Edge | NIL | 3.00% – 3.50% | None |
ICICI Bank’s Savings Accounts Products
ICICI Bank offers a variety of savings account solutions for various needs on ICICI Bank Account Opening. The following are some of the most popular ICICI savings products:
Titanium Privilege Account
This Banking is simple, convenient, and elite for you and your family.
Characteristics:
- Take advantage of a 40% discount on annual locker rentals.
- Charges for DD or PO are completely waived.
- Online bill payments, round-the-clock customer service, and phone banking are all available for free.
- One or more nominees may be held individually or jointly. It can be modified at any time during the account’s lifetime.
- Transfer your Savings Account from one ICICI Bank Money Multiplier branch to another with portability.
- Money Multiplier Facility: The formation of a linked FD provides optimum liquidity and returns, ensuring a greater rate of interest and multiplying your money.
Eligibility:
- This account is introduced for residents of Indian country who are 18 years of age or older.
Amazon Pay ICICI Bank Credit Card
Gold Privilege Account
A wide range of goods and services for easy banking.
Characteristics:
- Take advantage of a 20% discount on annual locker rentals.
- Waiver of up to 1.5 lacs per day in DD or PO fees.
- Online bill payments, round-the-clock customer service, and phone banking are all available for free.
- One or more nominees may be held individually or jointly. It can be modified at any time during the account’s lifetime.
- Portability: Transferring your Savings Account from one branch of the bank to another
- Money Multiplier: This is a facility that allows you to multiply your money. The formation of a linked FD provides optimum liquidity and returns, ensuring a greater rate of interest and multiplying your money.
Eligibility:
This account is only for residents who are 18 years old or older.
Silver Savings Account.
The best-added perks for easy banking.
Characteristics:
- Annual locker rentals are discounted by 15%.
- Waiver of up to Rs. 1 lac in DD or PO fees per day
- Free Anywhere Banking includes online bill payments, 24-hour customer service, and phone banking.
- One or more nominees may be held individually or jointly. It can be modified at any time during the account’s lifetime.
- Portability: Transferring your Savings Account from one branch of the bank to another
- Money Multiplier: This is a facility that allows you to multiply your money. The formation of a linked FD provides optimum liquidity and returns, ensuring a greater rate of interest and multiplying your money.
Eligibility
This account is only for residents who are 18 years old or older.
Regular Savings Account
Online banking allows you to bank from the comfort of your own home.
Characteristics:
- Online Bill Payments, round-the-clock customer service, and Phone Banking are all available for free.
- Nomination Facility: one nominee can be retained individually or jointly and can be changed at any time during the account’s life.
- You can also transfer your Savings Account from one ICICI Bank branch to another.
- The formation of a linked FD provides optimum liquidity and returns, ensuring a greater rate of interest and multiplying your money.
Eligibility:
- A sole or joint account can be opened by any resident Indian above the age of 18.
- A savings account can be opened by foreign nationals and HUF.
- Individuals under the age of 18 are eligible to open a Young Stars Savings Account.
- Seniors Club Savings Accounts are available to anybody over the age of 60.
Advantage Woman Savings Account
Special offers and cashback on skill development, health, and lifestyle. They also provide services that assist women in better caring for themselves and their families.
Characteristics:
- For the first year, there is a 50% discount on locker rentals.
- Home Loan Preferential Rates
- Manipal ProLearn, Ajivasan Music Academy, and Image Consultants all offer cashback and discounts on skill building.
- Growfitter, Thyrocare, Obino, and Welcome Cure give flat discounts on health and wellness;
- Myntra, Purplle, Byju’s, and Byond Travels offer shopping, lifestyle, and travel deals Eligibility:
- This account is only for residents who are 18 years old or older.
Senior Citizens Savings Account (Life Plus)
This account enables senior citizens to perform their daily banking transactions independently and with greater convenience.
Characteristics:
- Term deposit interest rates are higher.
- A free SMS alert service is available.
- Online bill payments, round-the-clock customer service, and phone banking are all available for free.
- One or more nominees may be held individually or jointly. It can be modified at any time during the account’s lifetime.
- Transfer your Savings Account from one ICICI Bank branch to another with portability.
- Money Multiplier Facility: Creating a linked FD with optimum liquidity and maximum returns assures a higher rate of interest and multiplies your money.
Eligibility:
This account is for residents of India who have a sole or joint account, as well as foreign nationals and Hindu undivided family HUF customers who are above 60 years old.
Savings Account for Young Stars
From an early age, open and manage an account to plan for your child’s needs.
Characteristics:
- On behalf of the minor, the guardian can open and handle the account.
- Standing Instructions, the ability to transfer funds from a parent’s account to a youngstars account.
- Money Multiplier: This is a facility that allows you to multiply your money. The formation of a linked FD provides optimum liquidity and returns, ensuring a greater rate of interest and multiplying your money.
Eligibility:
- This account is for Indian minors under the age of 18 who live in India.
- The Smart Star Savings Account
- Instill the habit of saving and spending wisely in your minor, who can open and handle this account independently, between the ages of 10 and 18.
Characteristics:
- In a financial year, the Smart Star Savings Account with Guardian Consent has a debit transaction limit of Rs. 2 Lacs.
- The debit transaction limit for a Smart Star Savings Account without Guardian Consent is Rs. 50,000 each financial year.
- The youngster can issue a personalised cheque book and cheques.
- Recharge your phone using pre-paid credit.
Eligibility:
This account is only for minors who are over the age of ten. Specifically, the ten to eighteen-year-old age bracket.
Pockets Savings Account
Pockets is a ‘Digital Bank’ that has a mobile-first interface. It has a digital wallet where you can save your money and spend it as needed.
Characteristics:
Pockets wallet includes a VISA pre-paid card with 16 digits that may be used to recharge phones, send money, shop online, pay bills, and much more.
IDFC FIRST Bank Account Opening
Eligibility:
- Can be funded using Net Banking, NEFT, or by linking your ICICI account or any other bank’s debit card.
- This account is for residents of Indian Country who are 18 years of age or older.
Basic Savings Bank Account- The ICICI Bank Edge
Open a Savings Account with a Zero Balance and take advantage of the best services.
Characteristics:
- Basic Savings Account is a type of savings account that is opened under the Pradhan Mantri Jan Dhan Yojana scheme.
- Ensures that the excluded parts, i.e. low-income groups, have access to financial services and timely and enough financing.
- There are no fees associated with the free customised RuPay debit card, Internet banking, or the free chequebook.
- One or more nominees may be held individually or jointly. It can be modified at any time during the account’s lifetime.
Eligibility:
This account is for residents of Indian Country who are 18 years of age or older.