How much does Icici charges for not maintaining minimum balance?
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How much does Icici charges for not maintaining minimum balance?
ICICI Bank
| Minimum monthly average balance (MAB) | Metro and urban locations – Rs.10,000 |
|---|---|
| Rural locations – Rs 2,000 | |
| Gramin locations – Rs.1,000 | |
| Charges for non-maintenance of minimum monthly average balance | Metro/urban/semi-urban/rural locations: |
| Rs. 100 + 5\% of the shortfall in required MAB |
Is FD considered for minimum balance in Icici?
You can avail of ICICI Bank Fixed Deposits for a minimum deposit of Rs 10,000 for General Customers and Rs 2,000 for Fixed Deposits for Minors. Partial withdrawal is permitted in units of Rs 1,000.
How can I break my FD in Icici Bank?
Steps to Close an FD Offline by Visiting Branch (Premature)
- Step 1: Visit the bank branch and get a form for premature withdrawal.
- Step 2: Fill the form with necessary details such as name, bank account details, and FD number among others.
- Step 3: Submit the document with the bank and they will process your request.
Does Icici need minimum balance?
The minimum balance required to open a Regular Savings Account in ICICI Bank is Rs. 10,000 in metro and Urban locations, Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations.
What is Icici Bank minimum balance?
The minimum Monthly Average Balance (MAB) required to be maintained for a Savings Account is Rs. 10,000/- in metro and urban locations, Rs. 5,000/- in semi-urban and Rs. 2,000/- in rural locations.
Can I close my Icici FD online?
You can close your ICICI FD account in three ways: Online on the official website of ICICI. On the ICICI mobile application. Offline at the ICICI branch where the FD account was opened.
Can FD amount be withdrawn before maturity?
Withdrawal of the money in the fixed deposit account before maturity is termed as premature withdrawal. This is done if the investor needs money on an urgent basis. An investor can also withdraw the money in the fixed deposit before its maturity if there is an investment option which is better than the Fixed Deposit.