ICICI Bank withdraws Rs 50,000 minimum balance rule for urban locations; revises MAB requirements; check details here

ICICI Bank faced widespread criticism after announcing a significant increase in minimum balance requirements for new account holders. Consequently, the bank rolled back the decision and revised its MAB norms to Rs 15,000 for metro and urban locations, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas.