ICICI savings account opening Query.

[questionasker]

I recently applied for an ICICI Bank regular savings account with a minimum average balance of ₹10,000 on March 25th March 2025.The home verification process was completed successfully on the same day. Subsequently, I received a notification indicating a "3-in-1 account opening" was underway. Recognizing that this typically includes a demat account, I promptly contacted the bank representative to explicitly state my requirement for a savings account only. I received verbal assurance that the demat component would be omitted(means removed).

I would appreciate insights from others who have navigated a similar account opening process with ICICI Bank. Specifically:

* What was the typical timeframe for account activation following home verification?
* Are there recommended procedures to confirm the exclusion of the demat account from the final account setup?

 

[raj..]

I recently applied for an ICICI Bank regular savings account with a minimum average balance of ₹10,000 on March 25th March 2025.The home verification process was completed successfully on the same day. Subsequently, I received a notification indicating a "3-in-1 account opening" was underway. Recognizing that this typically includes a demat account, I promptly contacted the bank representative to explicitly state my requirement for a savings account only. I received verbal assurance that the demat component would be omitted(means removed).

I would appreciate insights from others who have navigated a similar account opening process with ICICI Bank. Specifically:

* What was the typical timeframe for account activation following home verification?
* Are there recommended procedures to confirm the exclusion of the demat account from the final account setup?

What home verification for savings acc?
I have opened online savings account with them 6 years ago but after video kyc instantly ac got activated with some limitations and after the kyc got approved (it took about 6 hrs i think) all features of ac was working.

Did you selected home kyc instead of vkyc?

Yes you can opt out from the demat ac by calling their customer care or visiting thir branch or by mailing them.

 

[questionasker]

What home verification for savings acc?
I have opened online savings account with them 6 years ago but after video kyc instantly ac got activated with some limitations and after the kyc got approved (it took about 6 hrs i think) all features of ac was working.

Did you selected home kyc instead of vkyc?

Yes you can opt out from the demat ac by calling their customer care or visiting thir branch or by mailing them.

Online options are closed for opening account in icici

 

[Personal Finance by Nish…]

I have been using an ICICI 10k savings account since 2010, and it's working efficiently with no issues.



Yes, it’s correct now they offer a 3-in-1 account default to every new customer and try to pitch/sell 3 banking products in one go.



Don't fall into the trap of verbal confirmation. Simply send an email to ICICI Bank or submit a written application letter to the home branch by visiting in person by stating you only want a 10k saving account, no 3 in account, no free demat account, no zero balance account.



Pro Tip: A tree cannot bear all kinds of fruit, so always buy/choose/opt what you need, not what the salesperson wants to sell.

 

[raj..]

Online options are closed for opening account in icici

Yeah I forgot about it.

 

[sherin.real1]

Yes I opened a savings account with them 4 months ago. They do visit home for verification these days. But i was not forced to get a demat account.
See you can ask them to stop the demat process if they refuse then make a complaint (via email too to have an evidence).
These days banks generally force customers to open demat account by saying that demat account is free (technically it's not free).
I had this experience with Kotak bank too.
Reach out to nodel officer to get it resolved with high priority.