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ICICI Current Account

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Updated: 08-12-2023 13:06:58 PM

ICICI Current Account provides a variety of services to its customers. Keeping in consideration the different banking needs of the users, ICICI Bank provides a large number of current account variants to cater to the user’s financial needs. The customers can avail the facility of ‘Anywhere Banking’ which enables them to operate from any branch and get access to facilities like faster collection of upcountry cheques, doorstep banking, internet banking, hassle-free bulk transactions and more.

Table of Content
Features of ICICI Bank Current Account
Types of ICICI Current Account

Features of ICICI Bank Current Account

The ICICI current account provides several features and benefits to its customers. Listed below are some of the key features:

  • Anywhere cash deposit and withdrawal
  • Multi-location fund transfer
  • Mobile or Internet Banking
  • Electronic money transfer
  • Corporate Internet Banking
  • Periodical email-statements in different formats
  • Club Elite Ivy facility

Types of ICICI Current Account

Below given is the list of current account variants offered by ICICI Bank. Before opting for any account, the ICICI current account minimum balance requirement and other fees and charges should be kept in mind.

ICICI Current Accounts Primary Features
Regular Current Account Variants
New Start Up Current Account
  • Zero Balance Current Account
  • Free mobile alerts facility
Shubhaarambh Current Account
  • Zero Balance Current Account
  • Free NEFT and RTGS transactions
Smart Business Account
  • RTGS and NEFT collections free of charge
  • Free variant change to any ICICI Bank Current Account
Smart Business Account – Gold
  • Free cheque collection and cheque payments
  • Free RTGS and NEFT transactions
Roaming Current Account Gold
  • Free product type change to any ICICI current account product
  • Free local cheque collection and payment
Roaming Current Account Premium
  • Free non-cash transaction collection
  • Free cheque payment
Roaming Current Account Classic
  • Free online NEFT and RTGS transactions
  • Free cheque collection and payment anywhere
Roaming Current Account Standard
  • Free cheque collection and payment anywhere
  • Free online RTGS and NEFT transactions

Premium Current Account Variants
Club Elite Ivy
  • Unlimited transactions
  • Get a dedicated Relationship Manager
Roaming Current Account Elite
  • Free NEFT and RTGS transactions
  • Free mobile alerts facility
Smart Business Account-Platinum
  • Free NEFT and RTGS transactions
  • Free mobile alerts facility
Roaming Current Account Platinum
  • Free cheque collection and payment anywhere
  • Free RTGS and NEFT transactions 
Roaming Current Account Gold Plus
  • Avail free mobile alerts facility
  • Free cheque collection and payment anywhere across the country

Made 2 Order
  • Customize account as per the business need
  • Customize charges for services

One Globe Trade Account Variants
Trade Basic
  • Free inward remittances
  • Free non-cash transactions
Trade Gold
  • Free NEFT and RTGS collections
  • Free local cheque collections and payments

Trade Premium
  • Free courier and registered post charges
  • Free NEFT and RTGS payments and collections
New Start Up Current Account
Shubhaarambh Current Account
Smart Business Account
Smart Business Account (Gold)
Roaming Current Account Gold
Roaming Current Account Premium
Roaming Current Account Classic
Roaming Current Account Standard
Roaming Current Account Elite
Smart Business Account (Platinum)
Roaming Current Account Platinum
Roaming Current Account Gold Plus
Made 2 Order Account
Trade Basic
Trade Gold
Trade Premium

New Start Up Current Account

This current account is ideal for startups and offers various transaction benefits to its customers.

Primary Features Charges
Monthly Average Balance (MAB) Zero MAB requirement for first 6 months

Post 6 months – Rs.25,000
Cash Deposit (Base & Non-Base location) Free limit up to 12 times of maintained MAB
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 100 cheque leaves free per month
DD / PO 10 DD / PO free per month
Non-maintenance of balance  Rs.1000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days- Nil

Shubhaarambh Current Account

This is a current account variant for Proprietorship startups that provides the majority of financial benefits to its customers.

Primary Features Charges
Monthly Average Balance (MAB) Zero MAB requirement for first 6 months

Post 6 months – Rs.25,000
Cash Deposit (Base & Non-Base location) Free limit up to 12 times of maintained MAB
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Rs.50,000 free per day (self only)
Number of Cheque leaves 100 cheque leaves free per month
DD / PO 10 DD / PO free per month
Non-maintenance of balance  Rs.1000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Smart Business Account

Current Account variant providing high value transaction benefit to the customers. The users can avail free mobile alerts facility.

Primary Features Charges
Monthly Average Balance (MAB) Rs.25,000 (Rs.5000 for RIB / select SURU location)
Cash Deposit (Base & Non-Base location) Free limit up to 12 times of maintained MAB
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 100 cheque leaves free per month
DD / PO 10 DD / PO free per month
Non-maintenance of balance  Rs.1000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Smart Business Account (Gold)

A business current account with anywhere free cash deposit of up to 12 times the maintained MAB.

Primary Features Charges
Monthly Average Balance (MAB) Rs.1 lakh
Cash Deposit (Base & Non-Base location) Free limit up to 12 times of maintained MAB
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 300 cheque leaves free per month
DD / PO 25 DD / PO free per month
Non-maintenance of balance  Rs.1000 if MAB > = 50%

Rs.3000 if MAB < 50%
NEFT / RTGS charges Free NEFT and RTGS transactions
IMPS Payments Rs.3.50 for transactions up to Rs.25,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Gold

A current account variant best suitable for mid-size retailers with facility of free cheque collection and payment.

Primary Features Charges
Monthly Average Balance (MAB) Rs.1 lakh
Cash Deposit (Base location) Free limit up to Rs.10 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 200 cheque leaves free per month
DD / PO 25 DD / PO free per month
Non-maintenance of balance  Rs.2000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Premium

Using this ICICI Bank current account variant, the users can avail unlimited and free cash withdrawals plus can get free cheque collection and payment.

Primary Features Charges
Monthly Average Balance (MAB) Rs.50,000
Cash Deposit (Base location) Free limit up to Rs.5 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 100 cheque leaves free per month
DD / PO 20 DD / PO free per month
Non-maintenance of balance  Rs.1500 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Classic

This current account variant offered by ICICI Bank is ideal for local businesses. The users can get free cheque collection and payment anywhere across the country.

Primary Features Charges
Monthly Average Balance (MAB) Rs.25,000
Cash Deposit (Base location) Free limit up to Rs.2.5 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 50 cheque leaves free per month
DD / PO 10 DD / PO free per month
Non-maintenance of balance  Rs.1000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Standard

ICICI Standard Current Account ensures smooth functioning of the business and offers free NEFT and RTGS transactions (online).

Primary Features Charges
Monthly Average Balance (MAB) Rs.10,000
Cash Deposit (Base location) Free limit up to Rs.1 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 25 cheque leaves free per month
DD / PO Nil
Non-maintenance of balance  Rs.750 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Elite

This product is ideal for high end businesses with transactions mostly in the city. The users can avail free mobile alert facility.

Primary Features Charges
Monthly Average Balance (MAB) Rs.10 lakh
Cash Deposit (Base location) Free limit up to Rs.1 crore
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 2000 cheque leaves free per month
DD / PO Free
Non-maintenance of balance  Rs.5000 if MAB > = 50%

Rs.10,000 if MAB < 50%
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Smart Business Account (Platinum)

Users can get a variety of financial benefits with this current account variant. One can avail free mobile alert facility.

Primary Features Charges
Monthly Average Balance (MAB) Rs.1 lakh
Cash Deposit (Base & Non-Base location) Free limit up to 12 times of maintained MAB
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 600 cheque leaves free per month
Non-maintenance of balance  Rs.1000 if MAB > = 50%

Rs.5000 if MAB < 50%
NEFT / RTGS charges Free NEFT and RTGS transactions
IMPS Payments Rs.2.50 for transactions up to Rs.25,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Platinum

Receive higher cash free limits up to Rs.50 lakh. Avail free cheque collection and payment anywhere across the country.

Primary Features Charges
Monthly Average Balance (MAB) Rs.5 lakh
Cash Deposit (Base location) Free limit up to Rs.50 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 1000 cheque leaves free per month
DD / PO Free
Non-maintenance of balance  Rs.2500 if MAB > = 50%

Rs.5000 if MAB < 50%
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Roaming Current Account Gold Plus

This account is ideal for carrying bulk transactions on a daily basis. Get free cheque collection and payment anywhere across the country.

Primary Features Charges
Monthly Average Balance (MAB) Rs.3 lakh
Cash Deposit (Base location) Free limit up to Rs.30 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Free limit of Rs.50,000 per day (self only)
Number of Cheque leaves 600 cheque leaves free per month
DD / PO Free
Non-maintenance of balance  Rs.3000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Monthly Physical Account Statement Rs.25 per month
Account Closure Charges Within 14 days – Nil

Made 2 Order Account

Using this ICICI Bank current account variant, the users get the facility to customize the account according to their specific business needs.

Primary Features Charges
Monthly Average Balance (MAB) Rs.3 lakh
Cash Deposit (Base & Non-Base location) Flexible cash deposit limits
Free limits in services Flexibility in deciding the higher free limits
Number of Cheque leaves Flexibility in choosing free cheque leaves
DD / PO Customized DD / PO limits
Account Statement Free email statement on daily basis

Trade Basic

The account is suitable for cross border or domestic business transactions. Get a dedicated Relationship Manager for this account.

Primary Features Charges
Monthly Average Balance (MAB) or Monthly Throughput USD equivalent (MTP) Rs.50,000 MAB or 5000 MTP
Cash Deposit (Base location) Free limit up to Rs.5 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Rs.50,000 free per day (self only)
Number of Cheque leaves 100 cheque leaves free per month
Non-maintenance of balance  Rs.1500 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Account Statement (via fax) Rs.5 per page
Account Closure Charges Within 14 days – Nil

Trade Gold

This Current Account variant provides a free cash deposit limit of up to Rs.5 lakh. The customers get the advantage of free RTGS and NEFT collections.

Primary Features Charges
Monthly Average Balance (MAB) or Monthly Throughput USD equivalent (MTP) Rs.1 lakh MAB or Rs.20,000 MTP
Cash Deposit (Base location) Free limit up to Rs.10 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Rs.50,000 free per day (self only)
Number of Cheque leaves 200 cheque leaves free per month
Non-maintenance of balance  Rs.2000 per month
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Account Statement (via fax) Rs.5 per page
Account Closure Charges Within 14 days – Nil

Trade Premium

The account is ideal for customers processing large value transactions on a daily basis. The account provides the users with unlimited and free cash withdrawal from base location.

Primary Features Charges
Monthly Average Balance (MAB) or Monthly Throughput USD equivalent (MTP) Rs.5 lakh MAB or Rs.80,000 MTP
Cash Deposit (Base location) Free limit up to Rs.50 lakh
Cash Withdrawal (Base location) Unlimited and Free
Cash Withdrawal (Non-Base location) Rs.50,000 free per day (self only)
Number of Cheque leaves 1000 cheque leaves free per month
Non-maintenance of balance  Rs.2500 if MAB / MTP is > = 50%

Rs.5000 if MAB / MTP is < 50%
NEFT / RTGS charges Free NEFT and RTGS collections
IMPS Payments Rs.3.50 for transactions up to Rs.10,000
Account Statement (via fax) Rs.5 per page
Account Closure Charges Within 14 days – Nil
Comparison of ICICI Bank Current Account Variants
Eligibility Criteria for ICICI Bank Current Account Opening
How to Open ICICI Bank Current Account?
Documents Required for Opening ICICI Bank Current Account
Frequently Asked Questions (FAQs)

Comparison of ICICI Bank Current Account Variants

Account Type Primary Features
Monthly Average Balance (MAB) Non-maintenance charges

(per month)

 Cash Deposit Cash Withdrawal (non-home branch)
New Start Up Current Account Zero for first 6 months

Post 6 months – Rs.25,000

 Rs.1000 Free limit up to 12 times of maintained MAB Free limit of Rs 50,000 per day (self only)
Shubhaarambh Current Account Zero for first 6 months

Post 6 months – Rs.25,000

 Rs.1000 Free limit up to 12 times of maintained MAB Free limit of Rs 50,000 per day (self only)
Smart Business Account Rs.25,000 (Rs.5000 for RIB / select SURU location) Rs.1000 Free limit up to 12 times of maintained MAB Free limit of Rs 50,000 per day (self only)
Smart Business Account-Gold Rs.1 lakh Rs.1000 if MAB > = 50% Free limit up to 12 times of maintained MAB Free limit of Rs 50,000 per day (self only)
Roaming Current Account Gold Rs.1 lakh Rs.2000 Free limit up to Rs.10 lakh Free limit of Rs 50,000 per day (self only)
Roaming Current Account Premium Rs.50,000 Rs.1500 Free limit up to Rs.5 lakh Free limit of Rs.50,000 per day (self only)
Roaming Current Account Classic Rs.25,000 Rs.1000 Free limit up to Rs.2.5 lakh Free limit of Rs.50,000 per day (self only)
Roaming Current Account Standard Rs.10,000 Rs.750 Free limit up to Rs.1 lakh Free limit of Rs.50,000 per day (self only)
Roaming Current Account Elite Rs.10 lakh Rs.5000 if MAB > = 50% Free limit up to Rs.1 crore Free limit of Rs.50,000 per day (self only)
Smart Business Account-Platinum Rs.1 lakh Rs.1000 if MAB > = 50% Free limit up to 12 times of maintained MAB Free limit of Rs.50,000 per day (self only)
Roaming Current Account Platinum Rs.5 lakh Rs.2500 if MAB > = 50% Free limit up to Rs.50 lakh Free limit of Rs.50,000 per day (self only)
Roaming Current Account Gold Plus Rs.3 lakh Rs.3000 Free limit up to Rs.30 lakh Free limit of Rs.50,000 per day (self only)
Made 2 Order Rs.3 lakh NA Flexible cash deposit limits NA
Trade Basic Rs.50,000 Rs.1500 Free limit up to Rs.5 lakh Rs.50,000 free per day (self only)
Trade Gold Rs.1 lakh Rs.2000 Free limit up to Rs.10 lakh Rs.50,000 free per day (self only)
Trade Premium Rs.5 lakh Rs.2500 if MAB is > = 50% Free limit up to Rs.50 lakh Rs.50,000 free per day (self only)

Eligibility Criteria for ICICI Bank Current Account Opening

ICICI current account can be opened by below displayed entities engaged in business activity:

  • Individual
  • Sole Proprietor
  • Partnership Firm
  • Company
  • Trust, Society, Association and Club
  • HUF
  • Limited Liability Partnership

ICICI Bank Current Account opening minimum balance requirement varies from one account type to another. Also, the cash deposit limit in ICICI Bank Current Account variants is a major factor to be kept in consideration while opting for one.

How to Open ICICI Bank Current Account?

The customers wishing to open ICICI current account can do so either online or by visiting the nearest bank branch. Below mentioned are the steps one needs to follow:

Online

  • Visit the official website of ICICI Bank and click on the ‘Business’ section.
  • In the newly opened page, Click on the ‘Apply Now’ section.
  • In the redirected page, register by providing all the required information like name, mobile, number, pincode and branch and Click on ‘Next’. Have a look at the below mentioned picture for better understanding

ICICI Bank Current Account

  • Verify the mobile number by entering the OTP received on the registered mobile number
  • After successful verification, proceed to the next step and upload all the required KYC acceptable documents
  • Choose the ICICI Bank Current Account variant
  • Get a call bank from ICICI Bank representative for further confirmation

Offline

The customer can visit the nearest ICICI Bank branch and submit the account opening form along with the required KYC acceptable documents. For any assistance and further information, the user can contact the ICICI current account customer care.

Documents Required for Opening ICICI Bank Current Account

List of Common Documents
  • Identity Proof (Any one): PAN Card, Passport, Voter ID Card, Driving License, Aadhaar Card
  • Address Proof (Any one): Passport, Voter ID Card, Driving License, Aadhaar Card
  • Recent color photograph
  • Account opening cheque from existing account

Below mentioned is the list of additional documents required in accordance with the chosen current account variant.

For Sole Proprietorship Firm
  • Registration certificate or license document
  • In case of POA, identity and address proof of POA holder

For HUF
  • Current landline / mobile number and email id
  • HUF letter
  • Identity and address proof of the karta

For Partnership Firm
  • List of beneficial owners
  • Communication address proof of entity
  • Current landline / mobile number and email id
  • Partnership Deed and Letter

For Private / Public Limited Company
  • Certificate of Incorporation
  • Memorandum and Article of Association
  • Board resolution
  • List of directors with residential address
  • Current landline / mobile number and email id
  • Communication address proof of entity
  • Shareholding list of beneficial owners

For Trust, Society, Association and Club
  • Trust deed / Memorandum and Article of Association / Rules of act or Gazette notification
  • List of directors or members
  • Registration certificate / Recognition certificate
  • List of beneficial owners

Frequently Asked Questions (FAQs)

Q. What is Club Elite Ivy by ICICI Bank?

A. It is an exclusive relationship programme designed keeping in consideration the banking needs of special current account clients. ICICI Bank’s current account minimum balance need not to be maintained here.

Q. How to contact ICICI Bank Current Account customer care?

A. One can call on the toll-free number (1860 120 7777, 1800 103 8181, 1860 120 3399) for customer care assistance.

Q. How can one do ICICI Bank Current Account login via Internet?

A. For a new user account, the Internet Banking User ID and Password is present in the Welcome Kit provided at the time of account opening. Use that ID and Password to get access to all banking facilities online.

Q. How to get ICICI Bank Current Account Statement?

A. Follow the below mentioned steps:

  • Login to ICICI Current Account Net Banking
  • Enter the User ID and Password
  • Click on ‘E-Statement’
  • Select Account Number, Period and click on ’PDF’ to generate
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