ICICI Bank, one of India’s leading private sector banks, offers a range of savings account options tailored to meet the diverse financial needs of individuals, families, senior citizens, and NRIs. A savings account is a fundamental financial product that provides security, liquidity, and the opportunity to earn interest on deposits. In this article, we will explore ICICI Bank savings account features, benefits, eligibility, interest rates, and types of accounts available in 2025.
ICICI Bank Savings Account – Overview
A savings account at ICICI Bank is designed to provide customers with safe storage of funds, ease of transactions, and attractive value-added services. It combines the flexibility of modern banking with digital convenience, making it an essential tool for managing personal finances.
Key Features of ICICI Bank Savings Account
- Interest Rate: 2.50% per annum across all balance slabs, calculated daily and credited quarterly.
- Digital Banking Access: Enjoy seamless transactions through iMobile Pay, Internet Banking, and UPI.
- Free Fund Transfers: Via NEFT, RTGS, IMPS, and UPI.
- Debit Card: Comes with a free virtual debit card; physical card available on request.
- Insurance Cover: Complimentary personal accident insurance (terms apply).
- 24/7 Banking Services: Access to branch banking, mobile app, and ATMs across India.
- Deposit Insurance: Coverage up to ₹5 lakh under DICGC for each depositor.
ICICI Bank Savings Account Interest Rate (2025)
As of June 26, 2025, ICICI Bank offers a flat interest rate of 2.50% per annum on all savings account balances. The interest is:
- Calculated on daily closing balance
- Credited quarterly
Example: If you maintain an average balance of ₹1,00,000 for a year, you will earn:
₹1,00,000 x 2.50% = ₹2,500 annually (before tax)
Types of ICICI Bank Savings Accounts
ICICI Bank offers multiple savings account variants catering to different customer needs:
1. Regular Savings Account
- Suitable for individuals looking for basic banking services.
- Comes with free Internet Banking and iMobile Pay access.
2. Silver, Gold, and Titanium Accounts
- Provide higher transaction limits and additional benefits like chequebooks, discounted locker charges, and exclusive offers.
3. Senior Citizen Savings Account
- Special benefits for senior citizens including preferential service and exclusive debit cards.
4. Salary Accounts
- Designed for employees, offering zero minimum balance, free fund transfers, and special offers.
5. NRI Savings Account (NRE/NRO)
- Ideal for NRIs to maintain funds in India.
- Requires a Monthly Average Balance of ₹15,000.
- Penalty for shortfall: 6% on the deficit, up to ₹500.
6. Privilege Banking (Select/Wealth Accounts)
- Premium accounts with lounge access, dedicated relationship managers, family banking benefits, and 3-in-1 account (savings + demat + trading).
Eligibility and Documents Required
Eligibility:
- Indian residents (18+ years)
- Minors (through guardians)
- HUFs
- NRIs (for NRE/NRO accounts)
Documents Required:
- PAN Card
- Aadhaar Card (or any valid ID and address proof)
- Passport-size photograph
How to Open an ICICI Bank Savings Account?
- Online: Through ICICI Bank’s official website or iMobile app.
- Offline: Visit the nearest ICICI Bank branch with required documents.
- Complete KYC and submit the account opening form.
Benefits of ICICI Bank Savings Account
- Secure Savings with insured deposits
- Convenient Digital Access anytime, anywhere
- Multiple Account Options to suit varied needs
- Free Fund Transfers through multiple channels
- Personalized Services for premium account holders
Why Choose ICICI Bank for Your Savings Account?
ICICI Bank stands out for its digital-first approach, wide branch network, and customer-centric services. Whether you want a simple account for day-to-day needs or a premium banking experience, ICICI Bank has an option for you.
FAQs
1. What is the interest rate on ICICI Bank savings accounts in 2025?
Currently, ICICI Bank offers 2.50% per annum.
2. Is there a minimum balance requirement?
Yes, for most accounts, but zero balance options are available for salary accounts and special categories.
3. Can NRIs open a savings account with ICICI Bank?
Yes, through NRE and NRO accounts.
