Whether you’re a new employee or your company is switching banks, the ICICI Bank Salary Account offers several benefits. The ICICI Bank Salary Account is designed to meet employees’ needs with value-added features like free debit cards and rewards. It has no minimum balance requirements and easy online access. With this account, you can earn up to 3% interest on balances under Rs 50 lakh and 3.50% on amounts above it. 

ICICI Bank Salary Account Benefits

These are the advantages of opening a salary account at ICICI Bank:

Free International Debit Card

• You will receive a free international debit and ATM card, which provides higher withdrawal and spending limits for added convenience.

Easy Online Fund Transfers

• This salary account facilitates effortless online banking through ICICI Bank’s Internet banking service and a wide range of features. 
• Log in with your User ID and Password for seamless and hassle-free transactions.

Zero Balance Requirement

• This is a zero-balance salary account, so you do not have to worry about maintaining a minimum balance. 

N-Cash Card

• The N-Cash debit card allows global access to merchants and ATMs, offering enhanced flexibility for account holders when travelling abroad.

Savings Rewards

• Using the “My Savings Reward’ program, you can earn reward points for activities like online shopping, paying bills, and paying EMIs. 
• You can also open Fixed Deposits (FDs) and Recurring Deposits (RDs) with your salary account.

National Pension Scheme (NPS)

• ICICI Bank is registered with the Pension Fund Regulatory and Development Authority (PFRDA), enabling you to claim NPS benefits up to ₹1.5 lakh in income tax benefits under Section 80CCD (1) of the Income Tax Act, 1961.

Loan Benefits

• As an ICICI Bank salary account holder, you can easily access popular loan facilities like home loans, personal loans, car loans, two-wheeler loans, and loans against securities.

Investment Options

• ICICI Bank’sBank’s salary account offers a variety of investment opportunities. 
• You can invest in mutual funds, government bonds, insurance products, foreign exchange, and even purchase 24-carat gold with a certificate of authenticity directly from your account.

ICICI Bank Salary Account Eligibility

To become eligible for the ICICI Bank salary account, your organisation should match the below criteria:

• It should have a minimum of 20 employees in the organisation.
• The total annual salary disbursement amount has to be a minimum of ₹36 lakh.
• The minimum monthly salary of each account needs to be ₹15,000.

ICICI Bank Salary Account Opening Charges

ICICI Bank salary accounts offer a cost-effective solution with no charges for account opening. Once the account is set up, there is no minimum balance requirement, providing enhanced financial flexibility.

ICICI Bank Salary Account Opening Documents Required

To open a salary account at ICICI Bank, you need the following documents:

Proof of Identity

• Stamped by the authorised signatory and introduction by the organisation signed 
• PAN Card (original) 
• Aadhaar Card (original)

Proof of Address

• Passport
• Voter ID
• Driving License
• Aadhaar Card
• NREGA Job Card

ICICI Bank Salary Account Opening Minimum Balance

ICICI Bank does not require a minimum balance for salary account openings. The salary account is a zero-balance account, so you do not need to keep a minimum amount. It also needs monthly salary credit to remain active. 

ICICI Bank Salary Account Opening Online Zero Balance

The zero-balance feature applies to various ICICI salary account types such as Silver, Gold, Titanium, Regular, and Defence Salary Accounts. You can easily open the account through the bank’s website, iMobile Pay app, or with assistance from ICICI representatives at your workplace.

ICICI Bank Salary Account Maintenance Charges

ICICI Bank salary accounts typically have no account maintenance, meaning no minimum balance is required. This applies to various salary accounts, including Silver, Gold, Titanium, M2O, Salary Privilege, and Defense Salary Accounts. 

ICICI Bank Salary Account Interest Rate

The ICICI Bank salary account interest rates are as follows:

ICICI Bank Salary Account Opening Online

The ICICI Bank Salary Account offers a range of benefits for both employers and employees. If your company already has a salary account with ICICI Bank, you can open an account by following these steps:

• Visit the official ICICI Bank website or open the iMobile Pay app
• Select “Salary Account” under the Accounts section
• Click on “Apply Now” or the salary account type you’re eligible for
• Fill in the online application form with your personal and employment details
• Upload scanned copies of required KYC documents (Aadhaar, PAN, employment proof, etc.)
• Complete Aadhaar-based eKYC using OTP verification
• Schedule a video KYC call (if required) for final verification
• Once verified, your account will be opened and details shared on your registered mobile/email
• You will receive your debit card and welcome kit at your registered address
• Access to internet and mobile banking will be enabled automatically

How to Open ICICI Bank Salary Account Offline?

If your organisation has a tie-up with ICICI Bank, bank representatives will visit the office to open a new salary account for new employees. Alternatively, you may follow the steps given below:

• Visit the nearest ICICI Bank branch with your original and photocopied documents
• Request and fill out the salary account opening form
• Attach KYC documents like PAN card, Aadhaar, address proof, and a passport-size photo
• Submit employment proof such as offer letter, salary slip, or employee ID
• Bank staff will verify your documents and process your application
• Once verified, your salary account will be activated
• Receive your account number, debit card, and welcome kit
• Internet and mobile banking access will also be provided
• If your company has a tie-up with ICICI Bank, account opening may be done at your workplace through a representative

How to Close Salary Account in ICICI Bank?

If you change or leave your company or do not receive any salary for two consecutive months, the bank will convert your account into a regular savings account. After that, you must maintain the MAB to avoid charges (Metro and Urban – ₹10,000, Semi-urban – ₹5,000 and Rural ₹2,000).

You may visit the nearest branch if you cannot maintain the balance. Before that, you can withdraw the balance from your account.

Summing Up

If you want to open an ICICI Bank salary account, your organisation should have a tie-up with the bank so that you can easily access all the benefits. If you have questions about opening an ICICI Bank online salary account, contact the customer support team at 1800 1080.

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