ICICI Bank Silver Savings Account

ICICI Bank Silver Savings Account was introduced keeping in mind the young professionals earning fixed income to get them familiar with financial handlings and to develop a good habit of saving money in time. There are wide ranges of features for the subscribers of ICICI Bank Silver Savings Account scheme, here are some of them.

  • It requires a minimum balance of Rs 25,000 in the account
  • The interest rate comes with it is 4% which is payable on a six-month basis
  • It offers personalized ICICI Bank Debit Card topped with attractive deals and offers

Eligibility Criteria:

  • It is only applicable for Indian Citizens
  • The applicant must be of an adult age (18 and above), during applying for this bank account


  • 'Money Multiplier' effect facility, which helps individuals to transfer money excess in this savings account to another fixed deposit account of their own, on which they can get additional interest
  • One can withdraw as much amount they want from ATMs (of any BANK) all over India as there is no limit set on the withdrawal of cash
  • Customized debit cards are available offering VISA privileges, which can be used locally and to make purchases from the Indian E-commerce websites
  • 15% refund is available on an annual locker rent


  • SMSs and E-mail statements alerts on account updates
  • The likes of Multi-city chequebook facility and passbook facilities
  • Bill pay facility using internet banking and mobile banking (app available)
  • 24X7 help desk facility to clear out any account related queries

Nomination Facility:

  • The subscriber can nominate another person as a beneficiary to his or her earnings. Although, a subscriber can only possess a single nominee
  • He/she can manage and nominate a minor's account on behalf of themselves
  • Under the Banking Companies Nomination Rules, 1985, an applicant may nominate by appropriately filling the nomination form.

Savings Account Portability:

A subscriber can easily transfer (takes about just two working days) his/her account from a current ICICI branch to another ICICI branch either by calling the customer care, online or with a written request.

Fees and Additional Charges:

Penalty charges for not maintaining a minimum balance:

  • Above Rs 10,000, but less than Rs 24,999, the bank will charge Rs 175
  • Between Rs 5000 and Rs 9999, the bank will charge Rs 350