ICICI Mine Savings Account
Last Updated : March 18, 2024, 5:13 a.m.
ICICI Bank gives instant banking experience, such as account number generation and transactions, to its Mine Savings Account Holders. Using the Virtual Debit Card on the iMobile app, you can get a discount on food deliveries. And for a personalized experience, the bank allows you to set your options and limits on your Debit Card, like – card image, offer, etc. Plus, you’ll get insurance benefits. Let’s know more about the ICICI Mine Savings Account on the page below.
List of Benefits You’ll Get with ICICI Mine Savings Account Opening
Opening a Mine Savings account with ICICI Bank means the following services at your leisure
- Convenient banking with iMobile and net banking
- Free email statements showing deposits and other transactions
- Five ATM withdrawals are free at any bank’s ATM each month
- Earn higher interest with a balance limit. If the deposit goes above the set limit, the ICICI Savings Account converts the same into a Fixed Deposit on request.
- An instant no balance commitment online Savings Account for millennials from 18-35 years of age.
- Mine Debit Card comes with options to set transaction limits via iMobile, a Virtual Debit Card for e-commerce transactions, a personalized Mine+ Debit Card for exciting offers on favorite brands, and cashback on merchants like – Zomato, Bigbasket, BookMyShow, Myntra and Bill Payments
Can I Get MINE+ Debit Card?
A MINE+ Debit Card is a personalized card, and yes you can upgrade your regular MINE Debit Card to this. Let’s compare the features of the MINE plus Debit Card and MINE Regular Debit Card below.
| Particulars | MINE Regular | MINE + |
|---|---|---|
| Fee | Normal Debit Card fee + GST | INR 599 + GST |
| Customization | Not available | Card image |
| Cashback | NIL | 1%, Uncapped on select merchants, such as Zomato, Bigbasket, BookMyShow, Myntra and Bill Payments |
Note – These offers can change with time.
Benefits of Virtual Debit Card
Using a Virtual Debit Card you can do shopping or transact online using the iMobile app. Post account opening, you can use this debit card on the mobile app. You’ll receive your Physical Debit Card through courier within seven days of account opening. To generate a PIN digitally, use iMobile. For this – follow the below steps –
- Go to the Service
- Select ‘Card PIN’ from the service dropdown
- Click on the ‘Debit/ Credit Card PIN generation’ button
- Now set your debit card PIN
Upon successful PIN generation, you’ll get an SMS on your registered mobile
The daily spending or withdrawal limit of your Debit Card domestic is INR 1 Lakh or INR 50,000. You can block, unblock, and set transaction limits through iMobile.
Instant Access to iMobile
Log in to iMobile and start using the 250 + banking services. For the same, follow the below instructions –
- Download the app from Apple/Play Store
- Enter the OTP you’ve received on your registered number
- Set a PIN to secure your online services
- Enter user ID and password (if you haven’t created a password, click on the ‘Get Password’ button)
How to Deposit in ICICI Insta Mine Account?
Instantly deposit money to your ICICI Insta Mine account online using any of your existing bank accounts. Or you can use the ICICI Cash Deposit Machine (CDM). Locate your nearest ICICI CDM and deposit cash in your account. Upon successful deposit, you’ll receive an SMS or email on your registered mobile or email.
As soon as the ICICI Insta Mine account is open, you will have the account number and Indian Financial System Code (IFSC). With the help of this, you can deposit money into your account through IMPS or NEFT.
What are the Minimum and Maximum Balances You Can Keep in Your Account?
You can keep a maximum balance of INR 1 lakh in all your linked ICICI deposit accounts. Once the bank official visits you and completes KYC verification, you can use the ICICI Mine Savings Account without any limitations. There is no minimum balance requirement, so you can enjoy the ICICI Zero Balance Account benefit. The bank won’t charge a fee from you when the account balance is zero.
What Steps Do I Need to Take for ICICI Mine Savings Account Opening?
You can open a Mine Savings Account with ICICI Bank by following the below steps –
- Go to the ICICI Savings Account Online page
- Select ‘ICICI Mine Savings Account’
- Click on the ‘Apply Now’ button
- Enter your Aadhaar linked mobile number, email address, PAN details
- Tick the ‘Terms and Conditions’ box
- Click on the ‘Submit’ button
You can track your savings account application anytime and resume the same where you left off. Your information is completely secure with ICICI Bank. Your Savings Account number is generated immediately upon successful account opening. You can view the account number and other account-related details online.
Do I Need a PAN Card for ICICI Mine Savings Account Opening?
Yes, a PAN card is mandatory for account opening. Without this, you cannot do an online account opening. So, if you don’t have a PAN Card, visit the portal of NSDL and apply for the same.
Am I Eligible for a MINE Savings Account ICICI Bank?
If your age is between 18 and 35 years, you can do ICICI Mine Savings Account Opening.
List of Documents Required for ICICI Saving Account Opening Online
All you need is an Aadhaar and PAN Card. Using this, the bank verifies your address and ID proof and creates you a savings account. So keep these documents nearby if you’re applying for the Mine Savings account online.
As per Reserve Bank of India (RBI) guidelines, you need to do KYC verification within one year of account opening. Post verification, the ICICI Zero Balance account becomes a normal Savings Account and the limits of INR 1 lakh account balance and cumulative inflows of INR 2 Lakh are removed.
For KYC verification, you can choose video KYC while applying for a savings account or within 72 hours of ICICI Bank zero balance account opening online. Visit the bank’s website to complete your video KYC. You can do biometrics by visiting any ICICI Bank branch, or the bank may schedule a visit. The bank will collect Foreign Account Tax Compliance Act (FATCA) from a foreign customer who opens an ICICI Savings Account.
ICICI Mine Savings Account FAQs
Customers have the following questions while applying for the ICICI Mine Savings Account –
Do I Get a Cheque Book After ICICI Bank Zero Balance Account Opening Online?
Yes, a chequebook is sent to your communication address after successful KYC verification. Nil charges apply for cheque leaves in a quarter and INR 20 for every additional cheque book of 10 leaves.
What are the Demand Draft (DD) Charges for this ICICI Savings Account?
You need to pay INR 50 per DD up to INR 10,000, INR 5 per thousand rupees or part thereof for DD of > INR 10,000, subject to a minimum of INR 75 and a maximum of INR 15,000.
Do I need to pay cash transaction charges?
Four free cash transactions are available per month. Charges above free limits are INR 150 per transaction. The total limit of deposit and withdrawal at the Home Branch is up to INR 2 lakh. Above INR 2 Lakh, INR 5 fee per INR 1,000 will apply, subject to a minimum of INR 150.
At the Non-Home Branch, no charges for cash transactions apply for up to INR 25,000 per day. Above INR 25,000, INR 5 fee per INR 1,000 will apply, subject to a minimum of INR 150. In the case of third-party cash transactions up to INR 25,000 per day, INR 150 fee per transaction applies. Above INR 25,000 is not allowed for the third party.
What is the Mine Saving Account free ATM withdrawal limit?
Five free ATM withdrawals are available at any bank ATM each month.
Can I Use the SMS Alert Facility?
Yes, but for this, you need to pay INR 15 per quarter.
What are the annual fees for a Mine Debit Card?
The annual fee is INR 150 per annum
What is the ICICI Bank Customer Support Number?
For banking services – use WhatsApp +91 8640086400 or call 1860 120 7777/+1 210-677-0065
How Can I Find the Nearest ICICI Bank branch?
Visit the bank’s official website to locate the nearest branch office.
Do I Get Insurance on this ICICI Bank Savings Account?
Yes, you can get a complimentary air accident insurance of INR 50,000, purchase protection of INR 50,000 (if you use ICICI Bank Debit Card for purchase) from theft, fire, or loss in transit up to 90 days from the date of your purchase.
