#minimum-balance-penalty
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.
HDFC Bank, Axis Bank, ICICI Bank collected more than all 12 PSBs for not maintaining minimum avg balance
HDFC Bank, Axis Bank, and ICICI Bank outpace 12 PSBs in minimum balance penalty collections, revealing significant disparities in banking practices.