How to Open Saving Account in Icici Bank

Frequently Asked Questions

What is the eligibility for MINE Account?

MINE Savings Account can be availed from customers between 18 and 35 years of age only (18 years should be completed).

What is the minimum balance that needs to maintained for a MINE Account?

It's a Zero Balance Account, so no commitment on balances is required.

What is MINE+ Debit Card?

MINE plus Debit Card is a personalised Debit Card available for customers.
Customers can upgrade to a MINE plus Debit Card.

What are the fees and cashback on MINE plus Debit Card and MINE Regular Debit Card?

	Mine Regular	Mine Premium
Subscription Fee	Normal Debit Card fee + GST	599 + GST
Customisation	Nil	Card image
Cashback	Nil	1% uncapped on select merchants*

*Categories	Merchant
Dining	Zomato
Groceries	BigBasket
Entertainment	BookMyShow
Shopping	Myntra
Utility	Bill payments (excluding tax payments)

*Offers are subject to change from time to time.

Is PAN card mandatory for opening this Account?

Yes, PAN card is mandatory to open your Account. Without which you cannot proceed with Account opening journey.

What are the documents required during an instant account opening journey?

All you need is your Aadhaar and PAN. (Please make sure that the Aadhaar is linked with the mobile number).

Will I get immediate access to iMobile?

You can immediately log in to iMobile and start using it.

Get started with ICICI Bank Mobile Banking app: iMobile

Access 250 + banking services from anywhere
Step 1 Download iMobile from App Store/Play Store
Step 2 Enter OTP sent on your registered number
Step 3 Set a PIN of your choice
Step 4 Enter your user ID, password (if you don't have one, click on Get Password)
We have made this video to help you bank safe with iMobile

https://youtu.be/l1fBBqCTcfc

Check out Internet Banking from ICICI Bank

Log in to www.icicibank.com
Enter your user ID and password (Get one, if not generated yet)
Explore exciting deals, discounts, services and products from ICICI Bank
We have made this video to help you bank safe with ICICI Bank Internet Banking

https://youtu.be/znLtMVbTvSA

How can I fund my account?

During the account opening journey, you can fund your Account instantly online using any of your existing bank accounts.

How can I fund my account at a later stage?

As soon as the account is open, you will have the account number and Indian Financial System Code (IFSC) available. You can fund your account through IMPS or NEFT using this available details.

Can I save and continue my application later?

Yes. You can track your application anytime and continue your journey where you left off.

Is my information secure?

Yes, your information is completely secure with us.

How much is the maximum balance I can keep?

You can keep a maximum balance of Rs 1 lakh in all your linked deposit accounts. Once our official visits you and successfully completes your KYC verification, you can use it without any limitations.

What is KYC verification?

As per RBI guidelines, you need to do your KYC verification (Biometric or KYC verification) within one year of account opening.

Post KYC verification, your account becomes a normal Savings Account with limits of Rs 1 lakh account balance and cumulative inflows of Rs <2> lakh getting removed
For KYC verification, you can opt for video KYC during journey or within 72 hours of account opening. Click here to complete your video KYC
Biometric can be done by visiting any ICICI Bank branch or we can schedule a visit.

What is FATCA Declaration?

FATCA stands for Foreign Account Tax Compliance Act. It is an RBI guideline to collect FATCA from every customer who opens a Savings Account with us.

Debit Card

Use Virtual Debit Card on iMobile for shopping/transacting online
Virtual Debit Card can be accessed on iMobile immediately post account opening
Physical Debit Card is sent to you through courier and it reaches within 7 days of account opening
Generate your Debit Card PIN digitally through iMobile (Service >Card PIN service> Debit/ Credit Card PIN generation
Debit Card domestic daily spending/withdrawal limit of Rs 1,00,000/ Rs 50,000
Block/Unblock/Set transaction limit on your Debit Card through iMobile (Service section > Card Services)
Explore exclusive offers across groceries, medicine, entertainment and much more. Explore now at https://www.icicibank.com/offers/categories/debit-card.page

Will I get a Cheque book after opening the account?

Yes, your Cheque book will be dispatched to your communication address after successful KYC verification by our sales officer

Is there a fee if I withdraw funds from my Savings Account?

No, there are no charges or fees applicable while withdrawing from your Savings Account.

Is the Savings Account number also generated instantly?

Yes, Savings Account number is generated instantly upon successful completion of account opening, on the final page. The customer can successfully view the account number and other account related details.

What are the charges for cheque book?

Nil for 20 payable-at-par cheque leaves in a year; Rs 20 for every additional cheque book of 10 leaves

What are the charges for Demand Draft (DD)?

Rs 50 per DD up to Rs 10,000; Rs 5 per thousand rupees or part thereof for DD of more than Rs 10,000, subject to a minimum of Rs 75 and maximum of Rs 15,000.

What are the cash transaction charges applicable for Account?

1) Number limit (sum total of deposits and withdrawals)

4 free cash transactions per month.

Charges above free limits: Rs 150 per transaction.

2) Value limit (sum total of deposits and withdrawals)

The value limit is inclusive of both Home and Non-Home branch transactions.

a) Home Branch (branch where account is opened or ported)

Up to Rs 2 lakh. Free per month per account.

Above Rs 2 lakh – Rs 5 per Rs 1,000 subject to a minimum of Rs 150.

b) Non-Home Branch

No charges for cash transactions value up to Rs 25,000 per day.

Above Rs 25,000 – Rs 5 per Rs 1,000 subject to a minimum of Rs 150.

3) Third party cash transaction (sum total of deposits and withdrawals)

Up to a limit of Rs 25,000 per day – Rs 150 per transaction.

Above Rs 25,000 not allowed.

What is the free ATM withdrawal limit?

5 free ATM withdrawals at any bank ATM every month.

Is there a value added SMS alert facility?

Yes, charges are levied at Rs 15 per quarter.

What are the annual fees for Debit Card for Accounts?

The annual fees for Debit Card is levied at Rs 150 per annum*

*Taxes at prevailing rates as per Government rules shall be applicable over and above the mentioned charges.

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How to Open Saving Account in Icici Bank

Source: https://www.icicibank.com/millennial-banking/savings-account/index.page