Of the total penalty amount collected, private banks amassed 4948.71 crore, whereas the 12 public sector banks recovered 2137.92 crore..minimum balance penalty, bank penalty charges, Indian banks minimum balance, HDFC Bank penalty, Axis Bank minimum balance, State Bank of India charges, private bank penalty fees, RBI bank penalty data, savings account charges, average monthly balance penalty, Indian banking sector, personal finance India, public sector banks penalty, zero balance account, bank balance maintenance fee
Indian bank customers have shelled out a whopping ₹7086 crore in penalties during the 2026 financial year for failing to maintain the mandatory minimum balance in their savings and current accounts. According to the latest data released by the Reserv... [1691 chars]
Source: Malayala Manorama
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