ICICI Bank Savings Account Features

 ICICI Bank has come up with a “The ONE Savings Account” which is going to benefit the high income/network investors who are looking for better and premium features.

Let us understand the features and benefits of this account.

Minimum Balance and Eligibility requirement

Any salaried or self-employed individual can apply for these accounts as per eligibility criteria. It’s not applicable for companies, Hindu Undivided Family or any other corporate body.

There are two variants to this account called Magnum and Titanium. Below are the balance requirement and more details.

These accounts are perfect for investors looking to trade in the markets, because it offers the benefits of 3 accounts from 1 common point. You get to open a Trading Account, a Demat Account and a Regular Bank Account with this product. With the rising popularity of retail trading in the country, many leading banks and financial institutions offer 3-in-1 accounts as a part of their offerings.

Salaried Accounts

Salaried Savings Accounts are exclusive products developed for salaried employees. Now, they generally feature all the regular advantages of any other basic Savings Account. Over and above this, Salaried Accounts often also offer the benefit of zero minimum balance requirement. This means that account holders need not ensure that there’s any minimum balance always remaining in the account.

NRE/NRO Accounts

These are types of accounts curated for Non-Resident Indians (NRIs). A Non-Resident External (NRE) Account is a bank account opened in India in the name of a Non-Resident Indian. Funds earned in foreign countries can be parked in NRE Accounts. A Non-Resident Ordinary (NRO) Account is also an account opened in the name of an NRI. This account is primarily to help NRIs park the funds they earn in India. Most leading banks in the country offer bank accounts for NRIs.

Benefits of this account –

There are a various lifestyle, financial and banking benefits of this account. They are as follows –

  1. Zomato gold subscription of 1 year
  2. Big basket discounts
  3. Amazon prime subscription of 1 year and many more. Below are the complete details of the benefits of this account.
ICICI Bank savings accounts offer a variety of features, including:
  • Online banking: 24/7 internet banking and mobile banking
  • Free transactions: Free ATM transactions at any ICICI Bank ATM in India, free cash withdrawals and deposits anywhere, and free SMS alerts
  • Financial planning: Easy financial planning for Public Provident Fund, My Money, and Atal Pension Yojana
  • Account customization: Choose your own account number
  • Debit card: A Titanium debit card is issued to customers, and they can earn reward points on their debit card
  • Discounts: Discounts on annual fees for safe deposit lockers and special asset deals from time to time
  • Other benefits: Free email statements, free passbook for individual accounts, and a payable-at-par multi-city cheque book 
ICICI Bank also offers a range of savings accounts, including Privilege Savings Accounts, Savings Accounts for Women, and Family Savings Accounts.


Note that you need to keep a high account base in your saving bank account to be eligible for these benefits, so in a way you are also loosing on the interest part which you could have potentially earned. So keep that in mind, and then take the decision if you want to go for this or not!