ICICI Bank Savings Account
ICICI Bank provides various savings accounts to meet the demands of various types of investors. The ICICI bank savings account interest rate might range between 3.0% and 3.50% per annum. The interest is calculated every day. However, the payments are made quarterly.
Here is all about the ICICI savings account in detail, including its features, perks, interest rates, and varieties.
ICICI Bank Savings Account Interest Rate 2024
Following are the Interest Rate on ICICI Bank Savings Account-
|
Account Type |
ICICI Savings Account Interest Rate |
|
ICICI Insta Save Account |
3% – 3.50% |
|
ICICI Advantage Woman Aura Savings Account |
3% – 3.50% |
|
ICICI Seniors Club Savings Account |
3% – 3.50% |
|
ICICI Young Stars Savings Account |
3% – 3.50% |
|
ICICI Retire Happy Savings Account |
3% – 3.50% |
|
ICICI Savings Family Banking |
3% – 3.50% |
|
ICICI Silver Savings Account |
3% – 3.50% |
|
ICICI Basic Savings Bank Account |
3% – 3.50% |
|
ICICI Defence Salary Account |
3% – 3.50% |
|
ICICI Bank@Campus |
3% – 3.50% |
|
ICICI Advantage Woman Savings Account |
3% – 3.50% |
|
ICICI Smart Star Savings Account |
3% – 3.50% |
|
ICICI Regular Savings Account |
3% – 3.50% |
|
ICICI Easy Receive Savings Account |
3% – 3.50% |
Characteristics of the ICICI Bank Saving Account
The following are the benefits of an ICICI savings account-
- Minimum Account Balance
In metro and metropolitan cities, the minimum account balance for ICICI savings accounts is INR 10,000. In addition, the minimum balance for semi-urban locations is INR 5,000 and INR 2,000 for rural places.
- ATM Card Service
ICICI provides debit cards for all of its savings accounts. However, depending on the type of savings account, the type of card, its perks, and its features vary.
- Fund Transfer
It is simple to transfer funds with ICICI Bank. You can also transfer funds to any other bank account using UPI, RTGS, IMPS, and NEFT.
How to Open an ICICI Bank Saving Account Online?
Here is the process for the ICICI Bank savings account opening-
One can open an ICICI savings bank account at their leisure by visiting the local bank office or online. The following are the steps for opening an account online-
Step 1: Go to the ICICI bank's website and select 'Savings Account' from the 'Accounts' tab.
Step 2: Before continuing, learn about the many types of savings accounts and become familiar with their perks, restrictions, and laws.
Step 3: Select 'Open an Account Instantly.'
Step 4: Please provide the following information: To proceed, enter your mobile number, email address, and PAN number.
Step 5: Verify your Aadhar information with the OTP issued to your registered mobile number.
Step 6: Accept the terms and conditions in order to open the account.
Step 7: Finally, complete your Video KYC and begin enjoying the benefits of your fully working ICICI digital savings account.
Documents Required to Open an ICICI Bank Savings Account
The following documents are necessary to create a savings account with ICICI Bank-
- Account opening paperwork duly completed and signed.
- Newest passport-size photo (s).
- Driving License, Aadhar Card, Voter ID, PAN Card, Senior Citizen Card, or any other Government ID Card (Anyone.)
- Address proof consists of an Aadhaar card, a passport, utility bills, and a bank statement with a cheque (Anyone.)
- In the case of a youngster under the age of ten, ID proof of the guardian who will handle the account on his or her behalf.
Who can Opt for the ICICI Bank Savings Account?
- Except for 'No Frills' and 'HUF' account holders, new or existing Resident Indian ICICI Bank Savings Account holders.
- Parents, children, spouses, grandparents, grandkids, siblings, and in-laws are examples of family members.
- A Family Banking relationship with ICICI Bank can be formed with a minimum of two members and a maximum of six members.
Charges of the ICICI Bank Savings Account
|
Debit Card Charges |
Rs. 0 - Rs. 150 |
|
SMS Banking |
Rs. 15 |
|
ATM Interchange Fees |
Rs. 0 - Rs. 21 |
Types of ICICI Bank Savings Accounts
Following are the prominent types of ICICI Bank Savings Accounts-
1) Gold Privilege Banking
This account is specifically designed to make saving money easier by providing varied sets of services in addition to the standard features of a savings account. Customers are eligible for a free gold privilege debit card as well as unlimited cash withdrawals from any bank's ATM.
2) Titanium Privilege Savings Account
This account will provide you and your family with exclusive banking benefits.
Additionally, features such as annual locker rental reductions, a free ICICI Debit Card, a nomination facility, and a money multiplier service will give you an easy and distinctive banking experience.
3) Regular Savings Account
Even a standard savings account with ICICI comes with a slew of advantages and features. By creating this normal savings account, you will gain access to the money multiplier facility, the smart shopper silver debit card - and other VISA advantages.
4) Silver Savings Account
With this customer-centric savings account concept from ICICI, account holders receive additional perks such as cheaper locker fees, cancellation of DD/PO charges, free "Anywhere Banking" service, and SMS alerts.
5) Young Stars Savings Account
Any minor over the age of 10 can register and manage their own Young Stars account. You can also use this account to plan your child's needs. A specific standing instruction tool is also provided to debit money from parents' accounts to Young Stars' accounts.
6) Pockets Savings Account
Pockets is a one-of-a-kind "Digital Bank" that allows you to keep your money and access it anytime you need it. Customers of any bank can open a Pockets account and immediately begin sending and receiving money from anyone.
7) Basic Savings Account
The basic savings account is administered under the Pradhan Mantri Jan Dhan Yojana and has a zero balance savings account with no other charges on the ICICI debit card (PMJDY Zero Balance Account). Account holders will also receive a complimentary passbook, a complimentary personalized RuPay Debit card, and complimentary cheque leaves.
8) Advantage Woman Savings Account
This card is loaded with exclusive perks and intriguing incentives, including a zero balance facility, unrestricted cash withdrawals, and a debit card to maintain the household spending.
9) Senior Citizens Savings Account
The Senior Citizens account, a unique savings account designed for users over the age of 60, will assist the elderly in carrying out their banking transactions without difficulty.
