ICICI Bank hikes min balance for savings a/cs from Rs 10k to Rs 50k
MUMBAI: ICICI Bank has hiked the average minimum balance requirement for new savings accounts opened after Aug 1 to Rs 50,000 from Rs 10,000. This five-fold increase comes at a time when most public sector banks are waiving the minimum balance requirement.The step from the country’s second largest private bank has received widespread criticism. ICICI…