Indian Banks Collected ₹7,100 Crore in Minimum Balance Penalties During FY26

banking

30 July 2026 at 11:24 am

Indian Banks Collected ₹7,100 Crore in Minimum Balance Penalties During FY26

HyperFast News

Summary

Banks collected approximately Rs 7,100 crore in minimum balance penalties during FY26, with private banks accounting for Rs 4,948 crore of this amount. HDFC Bank alone levied Rs 1,800 crore in charges, while ten public sector banks have stopped imposing these penalties on savings accounts.

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Indian Banks Collected ₹7,100 Crore in Minimum Balance Penalties During FY26 | HyperFast News