ICICI Saving account

[himanshu4373]

Hi folks, I recently applied for the Amazon Pay ICICI credit card. My application was rejected twice before, and during the process, I noticed an option to create an ICICI savings account. I went ahead with it, thinking it might increase my chances of getting the credit card approved. Now, I've been approved for the Amazon Pay ICICI credit card, but I'm confused about the savings account ICICI opened for me. The email mentions an Insta Save account. Do I need to maintain a minimum average balance (MAB) in this account? It's a bit confusing since the email also mentions a maximum balance of 1 lakh in deposits and a cumulative credit of 2 lakh.

 

[Skylar]

It's a bit confusing since the email also mentions a maximum balance of 1 lakh in deposits and a cumulative credit of 2 lakh.

Bro, due to the online KYC process, the maximum balance allowed is up to ₹1 lakh. However, if you complete your offline full KYC, the limit can be increased.

 

[Skylar]

Do I need to maintain a minimum average balance (MAB) in this account?

Last time I checked it was 10k MAB

 

[wcgxlr8]

Last time I checked it was 10k MAB

This varies depending on your region. For metros it is higher and for rural, it is lower.

 

[himanshu4373]

Bro, due to the online KYC process, the maximum balance allowed is up to ₹1 lakh. However, if you complete your offline full KYC, the limit can be increased.

Thanks bro. Got it

 

[himanshu4373]

Update: My account is opened and it is a zero balance account.

 

[Skylar]

Update: My account is opened and it is a zero balance account.

Good to hear.