ICICI Bank shares fall 1% as lender hikes minimum balance requirement for savings account; here is all you need to know

The minimum monthly account balance (MAB) is the minimum balance that a customer is required to maintain in the bank account. If the balance in the bank account falls below the required amount, then banks levy a penalty.

The hike in MAB comes at a time when public sector banks have rationalised their penalties or completely waived them off.

Shares of ICICI Bank were trading at ₹1,425.20 apiece on the National Stock Exchange, falling 0.75%.

The minimum monthly average balance (MAB) for savings bank accounts till July 31, 2025, for ICICI Bank customers was ₹10,000.

Similarly, MAB for semi-urban locations and rural locations have been increased five times to ₹25,000 and ₹10,000, respectively, according to information available on the ICICI Bank website.

In case account holders fail to meet the MAB, customers will be liable to pay penal charges of 6% of the shortfall in required MAB, or ₹500, whichever is lower.

The balance in the savings bank account of ICICI Bank earns interest of 2.5% per annum.

The increased MAB will be applicable for new accounts opened on or after August 1, 2025. Customers who have opened accounts before August 1 will have to maintain the old level of MAB as of now.

Salary account holders or PM Jandhan account holders and basic savings bank deposit account holders are exempt from this high MAB, as these are zero balance accounts.

Account holders with higher MAB will enjoy certain benefits like free NEFT fund transfer and three complimentary cash transactions per month, thereafter ₹150 per transaction. GST shall be applicable on all mentioned charges, ICICI Bank has said.

ICICI Bank Q1 result: Deposit growth

Total period-end deposits increased by 12.8% year-on-year to ₹16,08,517 crore as of June 30, 2025 (₹16,10,348 crore on March 31, 2025). Average deposits increased by 11.2% year-on-year and 3.1% sequentially to ₹ 15,33,241 crore in Q1 FY26.

Average current account deposits increased by 11.2% year-on-year and 4.6% sequentially in Q1 FY26, while the average savings account deposits increased by 7.6% year-on-year and 3.6% sequentially in Q1 FY26.

ICICI Bank’s June quarter earnings

The lender had reported a net profit of ₹12,768 crore for the June quarter of the fiscal year 2025-26 (Q1 FY26), marking an increase of 15.5% on a year-on-year (YoY) basis. The bank’s core operating profit grew by 13.6% year-on-year to ₹17,505 crore in Q1 2026 from ₹15,412 crore seen in Q1 2025.

Its net interest income (NII) increased by 10.6% year-on-year to ₹21,635 crore from ₹19,553 crore registered in Q1 2025. Net interest margin (NIM) for the quarter was 4.34% compared to 4.41% in Q4 2025 and 4.36% in Q1 2025.

Non-interest income, excluding treasury, increased by 13.7% year-on-year to ₹7,264 crore (US$ 847 million) in Q1 2026 from ₹6,389 crore logged in Q1 2025.

ICICI Bank said provisions (excluding provision for tax) were ₹1,815 crore in Q1 2026 compared to ₹1,332 crore in Q1 2025. 

Share price details

Over the last five trading days, ICICI shares have lost nearly 3%, while since February 10, 2025, which is six months, the stock has climbed over 13%. Year-to-date, it has increased 12%.

The company’s market capitalisation stands at ₹10.24 lakh crore.

Shares of the bank had touched their one-year high of ₹1,500 apiece on July 25, 2025, while their 52-week low of ₹1,153 was hit on August 14, 2024.