All you need to know about ICICI account opening

ICICI Bank’s customers can open their savings accounts in two ways, online or offline. If you live far from the branches or are tangled in a tight schedule, you can open your ICICI Bank’s savings account through ICICI bank’s website.

ICICI account opening: Savings bank account

Types of saving account offered by ICICI Bank

 

• Basic saving account

It’s a simple account that holds your money in the bank in exchange for interest. A minimum balance to open this account if you are above 18 years is Rs. 10,000. 

 

 

• Instant savings account

It’s similar to a basic saving account, but an Instant Savings account can be opened online with your Aadhaar Card credentials. Moreover, it provides services like Fixed deposit accounts and 24×7 app-based banking services.

 

 

• Privilege saving account

This account offers a barrage of personal benefits like unlimited cash withdrawal, cheap bank locker facilities fees, priority services during privilege banking services, and a personal bank assistant who will clear all your queries and problems. 

 

 

• Saving account for women

This account caters to a woman in building their careers. Unlike other services, ICICI bank provides skill-building programs to enable women to be self-reliant. Moreover, this account offers several add-on benefits like a locker fee discount, a personal banking assistant, easy loan interest rates, etc.

 

 

• Family saving account

It is a common account between family members that provides several banking benefits like lower minimum balance requirements, extensive banking privileges, wealth management, and private banking options.

 

 

• 3-in-1 account 

This account is created for market traders as it provides trading, Demat, and savings accounts in one bundled account. As people are gravitating toward investing in the market, a 3-in-1 account has been a successful product in helping people trade and earn money from the market.

 

 

• Salaried account

With the extensive benefits of a regular savings account, a salary account is not bound by minimum balance requirements. An account holder need not worry about the minimum balance due to the rolling credit nature of this account.

 

 

• NRE/NRO accounts

This account facilitates Non-Resident Indian as it allows a transfer of foreign earned income into an Indian NRE/NRO account. This account primarily helps NRI’s to stash their income in India by saving their money in their respected NRE/NRO account.

 

ICICI account opening: Eligibility criteria 

• Age and resident: Preferably Indian and above 18, can be an NRI (look at NRO account)
• Individuals below 18 years: open Young Stars saving account
• Individuals above 60 years: Seniors Club Saving Account

 

ICICI account opening: Documents required for ICICI account opening

 

• Identity proof

• Passport
• PAN card
• Voter ID card
• Driving Licence
• Government ID card
• Senior Citizen ID card

 

 

• Address proof

• Passport
• Telephone bill
• Electricity bill
• Bank statement attested with cheque
• Certificate or ID card issued by post office

 

How to open an ICICI savings account online?

• Visit ICICI bank’s website
• Click on ‘Apply online’ and select ‘savings account’
• Enter your Aadhaar card number 
• Fill out the application and attach your KYC documents before submitting your form
• After the bank verification, you will receive a welcome kit, and you can begin using your ICICI saving account

How to open an ICICI saving account offline?

• Visit the ICICI bank’s branch and collect the opening account form

• Enter your details on the form correctly

• Submit the form after attaching self-attested KYC documents

• An employee will verify your documents and ask you to deposit the minimum balance in your account

• You will receive a welcome kit containing a debit card, cheque book, secret pin, passbook, etc

• You will receive a notification stating your account has been activated.

 

Check out: IFSC code Punjab National Bank

ICICI Account Opening: Current Bank account

Types of current accounts offered by ICICI bank

 

• ShubhAarambh current account

• You can conduct free non-cash transfers up to 50 times the minimum balance
• Charges of Rs 250 on your Titanium debit card will be waived off
• You will be released from maintaining a minimum balance for the first six months
• A minimum balance of Rs 25000 needs to be maintained
• Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000
• Rs. 1000 fine on failing to maintain a minimum balance 
• An individual who has a business can open this account
• The date of registration should not exceed six months from opening this account
• Before opening this account, you cannot have an existing ICICI current account

 

 

• Smart business current account

• • You can conduct free non-cash transfers up to 50 times the minimum balance
  • You will receive 200 free transactions 
  • You will need to maintain a minimum balance of Rs 25000
  • Rs, 1000 fine on failing to maintain a minimum balance
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Smart business account Gold

• • You will receive 300 free transactions
  • You will receive locker facilities and discounts on Auto Loans
  • You will need to maintain a minimum balance of Rs 1,00,000
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000
  • Rs. 3000 fine for failing to maintain a minimum balance

 

 

• Roaming current account Standard

• • You can deposit Rs 1 lakh for free in your city ICICI branch within a month of opening the account
  • You will receive 25 cheques leaves for free
  • You will need to maintain a minimum balance of Rs 10,000
  • Rs 750 fine for failing to maintain a minimum balance 
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Roaming current account Classic 

• • You can deposit Rs 2.5 lakh for free in your city ICICI branch within a month of opening the account
  • You will receive 50 cheques leaves for free
  • You will need to maintain a minimum balance of Rs 25,000
  • Rs 1000 fine for failing to maintain a minimum balance
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Roaming current account Premium

• • You can deposit Rs 5 lakh for free in your city ICICI branch within a month of opening the account
  • You will receive 100 cheques leaves for free
  • You will need to maintain a minimum balance of Rs 50,000
  • Rs 1500 fine for failing to maintain a minimum balance
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Roaming current account Gold

• • You can deposit Rs 10 lakh for free in your city ICICI branch within a month of opening the account
  • You will need to maintain a minimum balance of Rs 1,00,000
  • Rs 2000 fine for failing to maintain a minimum balance
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Roaming current account Gold Plus

• • You can deposit Rs 30 lakh for free in your city ICICI branch within a month of opening the account
  • You will receive 600 cheques leaves for free
  • You will need to maintain a minimum balance of Rs 3,00,000
  • Rs 3000 fine for failing to maintain a minimum balance
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Roaming current account Platinum

• • You can deposit Rs 50 lakhs for free in your city ICICI branch within a month of opening the account
  • Receive a free business debit card
  • You will need to maintain a minimum balance of Rs 5,00,000
  • Rs 2500 fine for failing to maintain more than 50 % but less than 100% of a minimum balance
  • Rs 10,000 fine for failing to maintain less than 50% of a minimum balance
  • Base withdrawal – unlimited amount, non-base withdrawal – up to Rs. 50,000

 

 

• Roaming Current Account Elite

• • You can deposit Rs 1 crore for free in your city ICICI branch within a month of opening the account
  • Free cheque collection and payment from across the country
  • Free RTGS and NEFT transaction
  • You will receive 2000 cheques leaves for free
  • You will receive free 2000 transactions per month

 

What are the eligibility criteria for ICICI current account opening?

• Individuals need to provide a KYC attested documents
• A person needs business ownership, partnership, proprietary, co-operative, etc
• A person who is under salaried income cannot open this account
• A person needs to be a resident of India 
• However, a person can be NRI, but the process of that will pass through an NRO account

 

Which documents do you need to open an ICICI current account

 

• Identity proof

• • PAN card
  • Voter ID card
  • Passport
  • Aadhaar Card
  • Driving Licence

 

 

• Address proof

• • Electricity bill
  • Telephone bill
  • Passport
  • Government attested documents
  • Aadhaar Card

• Recent photographs
• Form 49 and ITR
• Cheque from an existing savings/individual current accounts

 

How to open a current account in ICICI bank online?

• Visit the ICICI website delicate to current account
• Register yourself by entering your details like – name, mobile number, e-mail id, customer type, pin code, and branch
• Select the type of current account you will need to conduct your business
• Upload your document under your chosen account number
• A bank employee will visit your home address to verify and conduct KYC formalities 
• Once the verification is over, you will get your welcome kit under your current account.

Check out: Know about ICICI bank IFSC code 

FAQs

Can I access accounts from any part of India?

Yes, as the bank provides 24x7 online banking services, you can access your ICICI account from anywhere.

Can I withdraw money from any ATM in India?

Yes, you can but if you don’t remove your money from the ICICI ATM machine you will be charged a nominal amount. Additionally, 3 ATM transactions are free in a month.

Is the minimum balance amount for all types of saving is Rs 10000?

No, the minimum balance amount varies according to the type of savings account a customer opting.

Are there minimum balance criteria for current accounts?

Yes, you need to maintain a certain minimum balance in your current account. These balances varies according to the account facilities