ICICI Bank Savings Account Interest Rate 2026
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Quick Answer
ICICI Bank currently offers a savings account interest rate of 3–3.5% p.a.. Interest is calculated on daily closing balance and credited quarterly.
ICICI Bank Savings Account Interest — Rates at a Glance
| Balance below ₹1 lakh | 3% p.a. |
| Balance ₹1 lakh – ₹5 lakh | 3.25% p.a. |
| Balance above ₹5 lakh | 3.5% p.a. |
| Interest credit frequency | Quarterly |
Rates are indicative as of 2026-04-07. Verify with ICICI Bank official website before investing.
Key Things to Know
- 1ICICI Bank savings rate: 3–3.5% p.a.
- 2Interest calculated on daily closing balance, credited quarterly
- 3Minimum balance requirement varies by account type (₹5,000–25,000 for regular branches)
- 4Interest income up to ₹10,000/year exempt from tax (Section 80TTA)
- 5Zero-balance accounts available (BSBD/Jan Dhan accounts)
- 6Free NEFT/RTGS/IMPS transfers via net banking
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Frequently Asked Questions
What is ICICI Bank savings account interest rate 2026?
ICICI Bank offers 3–3.5% p.a. on savings accounts. Higher balances attract higher interest rates.
How is savings account interest calculated in ICICI Bank?
Interest is calculated on the daily closing balance and credited to your account quarterly. Formula: (Daily balance × Rate × Number of days) / 365.
What is the minimum balance for ICICI Bank savings account?
ICICI Bank requires ₹5,000–₹25,000 minimum balance depending on account variant. Zero-balance digital accounts are also available.
Is ICICI Bank savings account interest taxable?
Yes, savings account interest is taxable as per your income slab. However, interest up to ₹10,000 per year is exempt under Section 80TTA (₹50,000 for senior citizens under 80TTB).