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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From 1 april 2012, They have Moved from Quarterly Average Balance (QAB) to Monthly Average Balance (MAB) Methodology for calculating minimum balance criteria
 
Yup. 100 % sure, As i got the Bank statement today and this condition was mentioned in the footnotes
 
Yes, just checked their site. Freaking morons. Looks like a ploy to target people like me who have an account just as backup without putting anything it.
 
i get like 10 mailers in a week from icici.

no mailers about this policy change.

but i just got this from them...
 
They have sent a note in statements as ashish mentioned above (which many may not notice) .... I guess it suits them that a few people do not notice & end up paying some fees & charges.
 
i did get the note back in 2008 which is the first post in this thread. nothing this month for now.
 
Their Online Mailers are nothing but spam.That's why i always insist on physical statements, which they have successfully Curtailed it Due to Their So Called "Go Green Campaign"
 
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