Savings Account for Students – Schedule of Charges

(Accounts opened from August 01, 2025)

Available in All Cities

Eligibility Resident Individual, 17 Years to 35 Years age, Student from
Select Institutes in India
This SOC is applicable to • Students of Select Institutes*
• Savings Account integrated with Demat & Trading Account
(3-in-1 Account)
Not Applicable to • Savings Accounts opened till July 31, 2025,
Minimum monthly Metro and Urban locations - Nil
average balance (MAB)* Semi-urban locations - Nil
(MAB is the simple Rural locations- Nil
average of day-end
balances for a calendar
month)
Service Charges
Cash Transaction Cash Deposits at Branches and Cash Recycler Machines
Charges 1) Number Limit - Complimentary 3 cash transaction per
(Deposits and withdrawals month, thereafter ₹ 150 per transaction
across branches and 2) Value Limit - Complimentary up to ₹1 lakh per month
deposits in Cash Recycler cumulative. Thereafter, ₹ 3.5 per ₹ 1,000 or ₹ 150 whichever is
Machines considered.) higher.
If the threshold of both number and value limit have crossed for
the same transaction, higher of the charges mentioned above
pertaining to number limit or value limit will apply.
Third party cash deposit limit of ₹25,000 per transaction
applicable for all Savings Accounts.

Cash Withdrawal at Branches

1) Number Limit - Complimentary 3 cash transaction per
month, thereafter ₹ 150 per transaction
2) Value Limit - Complimentary up to ₹ 1 lakh per month
cumulative. Thereafter, ₹ 3.5 per ₹ 1,000 or ₹ 150, whichever is
higher.
If the threshold of both number and value limit have crossed for
the same transaction, higher of the charges mentioned above
pertaining to number limit or value limit will apply.
Third party cash withdrawal limit of ₹25,000 per transaction
applicable for all Savings Accounts.
Cash deposit charges - ₹ 50 per transaction during non-working hours, i.e. 4:30pm to
Cash Acceptor/ Recycler 9am and holidays, for the deposits exceeding Rs 10,000 per
machines month either as a single transaction or multiple transactions.
These charges are applicable over and above the charges of
cash transactions.
ATM Charges at Non- • At 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata,
ICICI Bank ATMs Bengaluru and Hyderabad): First 3 transactions are free
(inclusive of financial and non-financial transactions).
GST shall be applicable on all mentioned charges.
 • Post that ₹ 23 per financial transaction & ₹ 8.5 per non-
financial transaction are applicable.
• Other than 6 metro locations: First 5 transactions are free
(inclusive of financial and non-financial transactions) Post
that, ₹ 23 per financial transaction and ₹ 8.5 per non-
financial transaction.
• Maximum of 5 transactions free in a month, across
locations, with a cap of 3 transactions at 6 metro locations.
Transactions at ICICI ₹ 23 per financial transaction, post 5 transactions. All non-
Bank ATMs / Cash financial transactions are free. (Financial transaction includes -
Recycler Machines (cash Cash Withdrawal; Non-Financial transactions include -
withdrawals) Balance Inquiry, Mini statement & Pin change)
ATM Charges Outside ATM withdrawal at other bank (outside India)- ₹ 125/
India transaction+3.5% currency conversion charge. Non-financial
₹25/ transaction
Issue of DD drawn on ₹ 2/1000; Subject to a minimum of ₹ 50 and maximum of
ICICI Bank by cheque/ ₹15,000
transfer
Debit Card Annual Fees ₹300 p.a. For Gramin locations - ₹150 p.a.
Replacement card Fees ₹300 per instance
Value Added SMS 15 paisa per SMS
Upper limit of ₹100 per quarter
IMPS Outward Nil for online channel
RTGS Outward Online Channel: Nil
Branch: ₹ 2 lakhs to ₹ 5 lakhs: ₹ 20 per txns;
Above ₹ 5 lakhs: ₹ 45 per txns
NEFT Outward Online Channel: Nil
Branch – Up to ₹10k: ₹ 2.25 per txn
Above ₹ 10k – 1 lakh - ₹ 4.75 per txn
Above ₹ 1 lakh –2 lakhs - ₹ 14.75 per txn
Above ₹ 2 lakhs – 10 lakhs - ₹ 24.75 per txn
Issue of statement (Green ₹ 100 for each month’s statement per instance printed at
charge) Branch / Phone Banking; Nil at ATM/ iMobile / Internet Banking

Penal Charges
Charges for non - MAB is the simple average of day-end balances for a calendar
maintenance of minimum month.
monthly average balance 6% of the shortfall in required MAB or ₹500 whichever is lower.
(NMMAB)
Non maintenance charges will be waived off if customer
meets the enrolled programme criteria*#

In case of Family Banking, the customer must collectively

maintain 1.5 times programme eligibility criteria. If family
banking threshold criteria are not met, the non-maintenance
charges will be applicable to family members who do not
maintain individual MAB.

*Programme Criteria are mentioned below

GST shall be applicable on all mentioned charges.

 ECS / NACH Debit ₹ 500 per instance for financial reasons. Maximum recovery
Returns will be applicable for 3 instances per month for the same
mandate
Cheque return outward ₹ 200 per instance for financial reasons
(cheque deposited by
customer)
Cheque return inward ₹ 500 per instance for financial reasons.
(cheque issued by ₹ 50 for non-financial reasons except for signature verification
customer)
Decline of transaction at ₹ 25 per transaction
other bank ATMs or point
of sale (POS) due to
insufficient balance in the
account

Programme Eligibility & Criteria

In addition to opening the standard savings account, customers may choose to upgrade to any
of the 3 premium programmes of ICICI Bank.
Customer enrolling into the programme needs to maintain the following criteria:

Programme Select Wealth Private

Variants Banking Management Banking
Eligibility* Deposits^ & Balance Deposits^ & Balance Deposits^ & Balance
of ₹ 2L of ₹ 10L of ₹ 50L
or or or
Deposits, Balance, Deposits, Balance, Deposits, Balance,
Mutual Fund Value, Mutual Fund Value, Mutual Fund Value,
Demat of ₹ 25L Demat of ₹ 50L Demat of ₹5Cr

(^Deposits = Balance in Current Account + Balance in Savings Account + Term Deposit/ Recurring Deposit)

If a customer becomes a part of any of the programme mentioned above, they will be eligible
for additional programme-based benefits. For more information, please visit our website at
www.icicibank.com
*If the customer does not maintain the programme eligibility criteria of Select Banking/ Wealth
Management/ Private Banking, their programme status will be revised accordingly.

The customers have to meet the programme eligibility criteria through the twelve months from
the month of enrolment. Post one year, the programme eligibility criteria to be met on quarterly
basis to continue enjoying the respective programme benefits.

In case of family banking/grouping, (as per existing process), 1.5 times of above mentioned
criteria will be considered for extending the benefits to entire family/group.

The value of Mutual Fund invested through ICICI Bank and the value of demat holdings in ICICI
Bank will be considered for programme threshold

GST shall be applicable on all mentioned charges.