ICICI Bank has switched from quarterly to monthly average minimum criteria

  • Thread starter Thread starter Sushubh
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Not sure if this matters to any of you guys but they have now increased the minimum balance limit to Rs. 10,000...

What do you say about this crap move from the crap bank?
 
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ya read that.. such a stupid move!!
 
yeah i read that too. this is bad! 😡but my dad has a good contact with ICICI so can get things done very easily just sitting at home. so we still prefer ICICI. 🙂
 
i hate icici now. takes me hours to get anything done at any of their branches... i have been with them for like 9 years just coz their online banking works. i have to check out the alternatives. i need a bank where i can go to to get work done without waiting in a line with a waiting ticket in my hand.
 
yeah i agree. ICICI has really gone down over the years. they had the best service when they were new. many people went for ICICI for their online banking. but now almost every bank has got that.
 

Nice... I was about to get an account there. Now I won't. 🙂 Any idea if others like AxisBank also have plans to hike min. balance?
 
this is just to have more money in their pocket. double to be precise.and look at the way they write letter. they dont even mention the reason to do so and they dont even say sorry for inconvenience caused to customer.first line in 3rd para say.. "we request u" and then next line says "u can close ur account".. are u requesting or giving ultimatum?i felt letter was if not rude was not at all polite. doesnt even show a single DROP of care for customer.
 
Standard chartered has had 10000 min balance requirement for a long time, HDFC still has 5000 min balance requirement.
 
HDFC has many other Savings accounts. One special one is the No Frills account.We need not maintain any balance! ITs just completely free!
 
yeah...got to know about this news when i enquired about opening yet another account with ICICI...this is all crap...to keep 10k blocked everytime is utter nonsense...has anybody explored options about the barclay's or deutsche bank or may be the newly revamped axis bank???
 
stanchart here has 15K minimum balance limit. i dont mind the new limit from ICICI. i am angry because they suck. requires one hour wait to get access to a representative at their sector 14 branch in gurgaon. and despite this, they are now increasing the limits without any specific reasons. i guess they aim to lower their userbase by getting rid of people who don't/can't keep much money in their accounts. this is just bad strategy.
 
yes..SCB has 15 K min balance limit..have been with them for abt 5 yrs now..services are ok..not excellent..have not been to their branch much coz i have people to do that for me..but they have proved to be inefficient on more than one occasion
 
HDFC has many other Savings accounts. One special one is the No Frills account.We need not maintain any balance! ITs just completely free!

I tried to get a NoFrills account with Kotak. But they dont give it to new customers. Only customers with 6 months plus banking relatiuonships,and that too if u threathen to close a normal account

I dont think any private bank will let u walk in and open a no frills account
 

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