ICICI Bank Wants Rs 5 Lakh to Open a Savings Account - Savings Account Become a Luxury

[Trust Me]

Just on Friday, I opened a savings account in ICICI with no issues at all. That too without any initial check, the account was opened and then money was transferred via UPI, with a 15K MAB balance.

This clearly shows that it is the BMs/RMs at individual branch levels who are conning customers by rampant misinformation in order to extract whatever they can going beyond the actual bank requirements.

And ICICI is just turning a blind eye for nefarious gains. Shame.
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[newprouser]

It is bad even for existing accounts. I had a account with 25000 MAB, and I applied for a account downgrade with 15000 MAB, but the bank increased it to 50000 MAB. There is no proper update from either the branch or the customer care.

 

[panu24]

It is bad even for existing accounts. I had a account with 25000 MAB, and I applied for a account downgrade with 15000 MAB, but the bank increased it to 50000 MAB. There is no proper update from either the branch or the customer care.

But i think there is no 50000 MAB account variant in ICICI. What is your account type? Savings Rugular account in metro city?