ICICI bank savings accounts offer attractive interest rates between 2.75% and 3.25% along with various benefits to their customers, making them one of India’s best savings account schemes. ICICI bank savings account scheme features numerous options for a wide range of customers, such as salaried individuals, families, senior citizens, students and kids, etc.
Opening an ICICI Bank savings account ensures convenient banking with attractive interest rates, multiple variants, and easy online account access. Whether you want a zero-balance option or one of the tailored options, ICICI offers customised solutions for different customer needs.
Read on to learn more about ICICI Bank savings schemes, their types of products, minimum balance, eligibility criteria and more.
| The ICICI bank savings account offers interest rates from 2.75% onwards on your amount. Apart from the interest rates, they also offer various other benefits, such as premium debit cards, easy access to loans and many more features. |
ICICI Bank Savings Account Opening Online
Opening an ICICI bank savings account is simple and easy. It grants access to a wide range of banking services. Customers can opt for regular or zero-balance savings accounts based on their financial preferences.
Here are the steps on how to open a savings account instantly:
- Visit the ICICI Bank Savings Account website or use the iMobile app.
- Choose your desired type of account and click on “Apply Online”.
- Enter your
- Full name
- PAN
- Pincode
- Mobile number
- OTP
- Submit Aadhaar and PAN details for online KYC.
- Complete video KYC (mandatory).
- Your account will be live within a few minutes and ready for you to use.
In case of doubts or troubles regarding the account, you can contact ICICI Bank customer care at 1800 1080.
ICICI Bank Zero Balance Savings Account
The ICICI Basic Savings Bank Deposit Account (BSBDA) or ICICI zero balance savings account offers a zero balance facility, allowing customers to maintain an account without worrying about minimum balance penalties. This is a part of the PM Jan Dhan Yojana, launched to aid people who cannot afford a regular savings bank account.
Currently, ICICI offers BSBDA only via offline branch visits. I.e., you cannot fully open a pure BSBDA account online.
The process to apply for an ICICI Bank zero balance account and open any other Savings account offline is the same. You can follow the steps given below to do so:
- Visit the nearest ICICI Bank Branch.
- Approach the customer relationship manager and ask about opening a BSBDA or zero-balance account.
- They will provide you with a form in which you have to fill in your details.
- Fill in your mobile number, Aadhaar, and PAN details as specified.
- Complete KYC by submitting Aadhaar/PAN and address proof physically (for pure BSBDA accounts, this is mandatory).
- The account gets activated after verification. It typically takes about 24-48 hours past submission.
Best suited for students, low-income individuals, and rural customers.
ICICI Bank Savings Account Types
ICICI Bank provides a variety of savings accounts to match different lifestyle needs, including premium, salary, senior citizen, and student accounts. Each account has specific features like waivers of fees, free debit cards, and insurance coverage.
ICICI bank savings accounts offer 4 types of savings accounts, apart from the BSBDA, under which various specific savings account schemes are available.
ICICI Bank Savings Account Schemes:
Family 360 scheme
Campus power savings account
Senior Citizen scheme
- Senior Citizen Savings Account
- Family 360 for Senior Citizen savings account
- Pension Savings Scheme savings account
Wealth Management scheme
- Young Star savings account
- Smart Star savings account
- 3-in-1 savings account scheme
Private Banking scheme
- Savings account for Indian residents
- Savings account scheme for NRI
- Savings account scheme for Business
ICICI The Family 360 Savings Account Scheme
The savings scheme is focused on creating an account that offers flexibility to maintain account balance across Personal, Business & Family Accounts. Bonus features include
- Premium credit cards, travel cards, and family debit cards are offered, even for minors.
- Complimentary accident insurance coverage is provided up to ₹40 lakh.
- Select debit and credit cards include complimentary airport lounge access.
- Home and car loans have reduced processing fees.
- Education loans are available for both domestic and overseas studies at competitive interest rates.
- No account opening charges and no annual maintenance fee in the first year for Demat accounts.
The Campus Power Savings Account
This is a savings account structured for students, providing UPI-enabled payment capabilities, complimentary credit card access, investment options for early financial planning, and preferential interest rates on education loans.
Key features include:
- No minimum balance requirement for students
- No annual or joining fees on credit cards from first year onwards
- Daily stock recommendations for investors
- Track investment portfolio
- Educational loans at competitive rates
- Digital banking solutions
- Senior citizens have the option to invest in the government-backed Senior Citizen Savings Scheme (SCSS)
Senior Citizen Savings Account Scheme
This senior citizen scheme provides support and access to an extensive set of banking solutions designed for Senior Citizens. ICICI also assists customers in opening SCSS accounts via tie-ups with post offices or designated branches.
There are 3 types of savings accounts under this scheme:
- Senior Citizen scheme
- Family 360 Banking for senior citizens
- Pension savings account
These are the benefits for the account holders:
Monthly Payout Fixed Deposit (FD)
A Fixed deposit offering regular monthly interest payouts to ensure a steady income flow.
Senior Citizen Savings Scheme (SCSS)
Deposit scheme for senior citizens providing higher returns along with applicable tax benefits under Section 80C.
National Pension System (NPS)
Retirement-focused investment scheme offering quarterly interest payouts and tax benefits under Sections 80C and 80CCD(1B).
Public Provident Fund (PPF)
Government-backed savings scheme offering guaranteed, tax-free returns with a fixed tenure.
Fund Transfers
Secure, real-time fund transfer services are available through multiple digital banking platforms.
Fixed Deposit (FD) Online
Facility to instantly open fixed deposits using Internet Banking or the iMobile App without physical documentation.
Tax Payments
Digital platform for secure payment of direct taxes through Internet Banking.
ICICI Wealth Management Savings Account Schemes
ICICI Bank’s Wealth Management services provide integrated banking, investment advisory, estate planning, and insurance solutions for high-net-worth individuals (HNIs) and affluent clients. Dedicated relationship managers oversee account services through a unified platform.
Key features include:
- No minimum balance requirement.
- Waiver of charges on demand drafts, pay orders, and anywhere banking services.
- Complimentary personalised international debit card issuance.
- Secure internet banking for remote account management.
- 24×7 customer care assistance.
- Mobile banking access for transactions across devices.
- A nomination facility to assign a beneficiary to the account.
Specific savings account variants are available under this scheme, such as:
Young Star savings account
Key features include:
- Guardian-operated savings accounts are provided for minors.
- A complimentary Titanium Debit Card is issued.
- Minimum balance requirement of ₹1,00,000, maintainable collectively through linked family accounts.
- Goal-based savings facility is available through the iWish platform for future financial planning.
- Transaction limits can be managed via the iMobile app.
- Unlimited complimentary cheque leaves are provided.
Smart Star savings account
Key features include:
- Self-operated savings account with guardian consent required.
- UPI payments are enabled through the iMobile app.
- A complimentary MasterCard World Debit Card is issued.
- Annual debit transaction limit is set at ₹5,00,000 per financial year.
- Transaction limits are adjustable through the iMobile app.
- Unlimited complimentary cheque leaves are available.
- Cheques can be independently issued by the minor, subject to the cumulative debit card transaction limit.
- No minimum monthly average balance requirement for the account.
3-in-1 savings account scheme
Key features include:
- Provides an integrated platform for savings, demat, and trading services under a single account structure.
- Enables pre-approved loan facilities linked to account relationships and investment profiles.
- Facilitates investments in fixed deposits, mutual funds, equities, and other financial instruments aligned with financial goals.
- Allows access to premium credit cards with associated reward programmes and international forex card services.
- Supports secure and seamless digital banking through the iMobile app and Internet Banking.
- Enables simplified payments, including UPI transactions, bill payments, QR-based Scan to Pay, and fund transfers via mobile banking.
- Provides access to exclusive offers across lifestyle, shopping, dining, travel, and entertainment categories through the digital platform.
ICICI Private Banking Savings Account Scheme
The private banking schemes offered by the ICICI Bank also extend to various savings schemes such as
- Savings account for Indian residents
- Savings account scheme for NRI
- Savings account scheme for Business
Top benefits include:
- Provides a complimentary Visa Infinite Debit Card with access to six airport lounges per quarter.
- Offers a dedicated service team including a Relationship Manager, Service Manager, and Product Specialist.
- Priority customer support is available through a dedicated helpline at 1800 1080.
- Access to the Emerald Credit Card, offering unlimited airport lounge and spa access, golf privileges, and additional lifestyle benefits.
- Includes Air Accidental Death Insurance coverage of ₹3 crore and Personal Accidental Death Insurance coverage of ₹15 lakh.
- Family Banking facility is available to extend relationship benefits to family members.
ICICI Bank Savings Account Interest Rate
ICICI Bank Savings account offers competitive interest rates on your funds, encouraging higher savings and liquidity. This can help individuals grow their savings.
As of 2025, the interest rates on savings accounts are as follows:
| Amount | Interest Rate |
|---|---|
| Balance below ₹ 50 Lakhs | 2.75% |
| Balance of ₹50 Lakhs and above | 3.25% |
Eligibility Criteria for Opening an ICICI Savings Account
Opening a savings account with ICICI is quite easy and quick. However, the customers require basic eligibility and KYC compliance as well as certain documents.
Here is a list of individuals who can apply and the required documents:
- Resident Individuals (18 years and above)
- Hindu Undivided Families (HUF)
- NRIs (for specific NRI savings accounts)
- Minors (under guardianship)
Documents Required:
- PAN Card
- Aadhaar Card (or address proof documents like Passport, Driving License)
- Passport-sized photographs
- Completed application form
Video KYC is mandatory for online account openings.
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Benefits and Features of ICICI Savings Account
An ICICI Bank savings account offers a comprehensive range of features tailored for modern banking needs.
- Free mobile banking and internet banking access
- Free debit card with select accounts
- High ATM withdrawal limits
- Auto sweep facility into Fixed Deposits (for select variants)
- E-statements and SMS alerts
- 24×7 customer support via ICICI customer care
- Custom benefits for senior citizens and premium account holders.
Fees and Charges on ICICI Savings Account
Although there are minimal to no service charges applicable for some accounts, like the zero balance savings account, many savings accounts, especially ones with a debit card, have several charges related to them, like annual maintenance charges, debit card charges, etc.
Understanding the applicable charges is crucial for efficient account management. Here is a simple representation of applicable charges:
| Service | Charges |
|---|---|
| Minimum Balance (Regular Account) | ₹10,000 (Metro/Urban branches) |
| Non-Maintenance Penalty | ₹100–₹500 + GST per month |
| Debit Card Annual Fee | ₹99–₹599 (based on card type) |
| NEFT/IMPS Charges | Free for mobile/internet banking within the provided limit (variable based on the account type) |
| Chequebook Charges | 25 free leaves per quarter, then ₹4 per leaf |
Note: The provided values are subject to variation depending on the bank’s discretion.
The Zero-balance accounts/BSBDA have no penalty for non-maintenance or keeping a minimum balance.
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