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Private banks collect ₹4,949 crore in minimum balance penalties in FY26, more than double of PSBs

Data shows private lenders collected ₹4,948.71 crore in minimum balance penalties, while most public sector banks have scrapped such charges on savings accounts.

By Harsh Kumar· Livemint· 2 months ago· 2 min read
Private banks collect ₹4,949 crore in minimum balance penalties in FY26, more than double of PSBs

Data shows private lenders collected ₹4,948.71 crore in minimum balance penalties, while most public sector banks have scrapped such charges on savings accounts. For the full story, visit the source.

This summary is sourced from Livemint. Read the full article at:Livemint
#Banking Fees#Fiscal Year 2026#Fy26#Minimum Balance Penalties#Minimum Balance Penalty#Private Banks#Psbs#Public Sector Banks#Savings Accounts