Which customer segment is affected by ICICI Bank’s raised minimum balance requirement?
Only new savings accounts opened from 1 August 2025
Correct Answer: Only new savings accounts opened from 1 August 2025
ICICI Bank revised its minimum balance requirement for savings accounts:
- The new (higher) minimum balance applies only to new savings accounts opened from 1 August 2025.
- Existing account holders are not immediately affected — only new accounts opened on or after this date.
- This is a common banking practice when revising account terms — phased implementation for new customers.
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