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?

 

[Dashanan]

How did you get 0 balance account with Amznpay CC ?

Thread 'ICICI savings bank 0 MAB account with amazon pay credit card' https://technofino.in/community/thr...ab-account-with-amazon-pay-credit-card.25657/

 

[newprouser]

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

Changed from Wealth account to Regular savings account in Metro. Adding to the confusion, the Netbanking now shows 0 as MAB which ICICI is not able explain as well.

 

[panchabhut]

Changed from Wealth account to Regular savings account in Metro. Adding to the confusion, the Netbanking now shows 0 as MAB which ICICI is not able explain as well.

since net banking show 0 bal, keep a screenshot of that, with date displayed. then treat it as 0 bal. if they levy any charge, challenge to PNO with the screen shot. /

 

[LUCiF3R]

And here I am. I have 0 balance account with ICICI with a 200+GST annual debit card. Even that is too much for me, planning to close the account 🙂🥱

ICICI & SBI these are two banks that can get away with anything & RBI does nothing. I guess we all know why.

Same plus I've 7 CCs with them now with 5L+ limit (all LTF) .... I just keep the balance for monthly expenses.

 

[hellowo₹ld]

Hopefully before RBI do anything related to initial depoisit and BSBD friendly, people should move to another banks where they find less restrictions. It should be in the hands of people that tells what bank supposed be function, not some one.

 

[sanarora]

Had a small doubt if we manage to get hold of EPM , does the wealth account become Zero balance account instead of 10L MAB..?? or somthing on those lines

 

[aayusharyan]

Had a small doubt if we manage to get hold of EPM , does the wealth account become Zero balance account instead of 10L MAB..?? or somthing on those lines

I don't think wealth becomes 0MAB, I think that's only for Priviledge accounts.