ICICI Bank Saving Account Interest Rate and Features

ICICI Bank offers a competitive interest rate on its savings account, which is currently 3.50% per annum.

This interest rate is quite attractive, especially considering that it's higher than many other banks in India.

The interest is calculated on a daily basis and credited to the account quarterly.

The bank also offers a range of features with its savings account, including a debit card, net banking, and mobile banking.

These features make it easy to manage your account and access your money whenever you need it.

ICICI Bank also offers a range of other benefits with its savings account, including a free accident insurance cover and a free credit card.

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ICICI Bank offers a competitive interest rate on its savings accounts.

The interest rate on ICICI Bank savings accounts is 3.50% per annum for balances up to ₹1 lakh.

For balances between ₹1 lakh and ₹1 crore, the interest rate is 3.50% per annum.

For balances above ₹1 crore, the interest rate is 3.50% per annum.

ICICI Bank also offers a senior citizen interest rate of 4.00% per annum for savings account balances up to ₹1 crore.

The interest is compounded quarterly, which means it's added to the principal amount every three months.

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ICICI Bank Savings Accounts offer a range of features that make managing your finances a breeze. You can access your account through mobile banking, which is available 24/7, allowing you to transfer funds, pay bills, and shop online with ease.

One of the standout features of ICICI Bank Savings Accounts is the ability to choose your own account number, which can be a fun way to personalize your account and make it more meaningful.

ICICI Bank Savings Accounts also offer a systematic saving option, which allows you to invest in a specific time period to save up for a special purchase, holiday, or gadget.

You can also opt for a personalized debit card with your choice of image on it, making it a great way to express your personality.

ICICI Bank Savings Accounts offer up to 45% returns on the savings account by way of exclusive offers and cashback and Internet banking.

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Here are some of the key features of ICICI Bank Savings Accounts:

ICICI Bank Savings Accounts also offer a range of specialized accounts, including Regular Savings Account, Student Savings Account, Instant Savings Account, and more. Each of these accounts has its own unique features and benefits, so it's worth exploring to see which one is right for you.

Managing your ICICI Bank savings account is a breeze. You can easily check your account balance, transaction history, and interest rate online or through the mobile banking app.

To access these features, simply log in to your account on the ICICI Bank website or download the mobile banking app.

ICICI Bank interest rates on savings account are offered at 3.50% for end of the day account balance less than Rs. 50 lac.

If your account balance exceeds Rs. 50 lacs, you'll earn an interest rate of 4%.

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ICICI Bank offers a range of savings accounts with varying fees and charges.

Debit card fees range from free to Rs.150 per annum, depending on the type of account.

Some accounts, such as the Basic Savings Bank Account and No Frills Account, have free debit card fees.

However, accounts like the Savings Account and Silver Savings Account have a debit card fee of Rs.150 per annum.

Additionally, some accounts like the Privilege Banking for Non-Senior Citizens have a debit card fee of Rs.99 for Gramin locations and Rs.150 for others in the blue category.

SMS alert charges range from free to Rs.15 per quarter.

For example, the Silver Savings Account has free SMS alert charges, while the Freedom Savings Account and Easy Receive Account have an SMS alert charge of Rs.15 per quarter.

ATM interchange costs range from Rs.8.50 to Rs.20, depending on the type of account and transaction.

For instance, the Basic Savings Bank Account, No Frills Account, and Regular Salary Account have an ATM interchange cost of Rs.20 for financial transactions and Rs.8.50 for non-financial transactions after the free transactions.

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Here's a summary of the fees and charges for different ICICI Bank savings accounts:

These fees and charges can help you understand the costs associated with different ICICI Bank savings accounts.