Minimum Balance Charges Swell Private Banks' Coffers by Nearly Rs 5,000 Cr in FY26

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28 July 2026 at 11:28 pm

Minimum Balance Charges Swell Private Banks' Coffers by Nearly Rs 5,000 Cr in FY26

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Summary

Private banks collected nearly Rs 5,000 crore in minimum balance charges in FY26, with public sector banks collecting Rs 2,100 crore, while basic savings accounts like Jan Dhan are exempt from penalties.

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