What is the charge for not maintaining minimum balance in Icici?
ICICI Bank
| Minimum monthly average balance (MAB) | Metro and urban locations – Rs.10,000 |
|---|---|
| Rural locations – Rs 2,000 | |
| Gramin locations – Rs.1,000 | |
| Charges for non-maintenance of minimum monthly average balance | Metro/urban/semi-urban/rural locations: |
| Rs. 100 + 5% of the shortfall in required MAB |
What happens if I don’t maintain minimum balance in Icici?
Above schedule of charges is also applicable for accounts opened with Rs 500 or Nil Monthly Average Balance (MAB) requirement. Charges for Non-maintenance of Minimum Monthly Average Balance (NMMAB) will be 5% of the shortfall on the required MAB.
Can I convert Icici savings account to zero balance account?
ICICI Bank to Charge Zero Balance Account Holders Rs 100-Rs 125 Per Transaction From October 16. If the bank’s revised terms and conditions are not acceptable to the customers, they can convert their Savings Account to a Basic Savings Bank Account by October 16 by visiting the nearest branch.
Which is better Icici or axis?
Some of the key results of the comparison between the two banks are: Lowest Interest rate of Axis Bank Personal Loan is 10.49%, which is lower than the lowest interest rate of ICICI Bank at 10.50%. ICICI Bank can be a better option if you are looking for a high value amount.
Which salary account is better?
The following is the list of best 5 salary accounts available in India: Kotak Platina Salary Account. SBI Corporate Salary Package. HDFC Bank Classic Salary Account.
Is Icici good for saving account?
0.5 4.5/5 “Excellent!” To use ICICI bank account is convenient and they will put the money in Fixed Deposit, if you have some minimum balance even though its a zero balance maintenance account. Its good to use the net banking facility. The customer care service is really good.
Is Citibank better than Icici?
The plethora of other services offered and aggressively offered by Citibank outweighs ICICI in most cases. ICICI representative on the other hand, came and doled out a Private Banking customer gift, promising much better service.