Tag: HDFC Bank

Banks Collect ₹7,086 Crore In Minimum Balance Penalties: Why Are Customers Still Paying For Low Account Balances?

Banks collected ₹7,086.63 crore in FY26 from customers for failing to maintain the required minimum balance, taking the four-year total to over ₹26,170 crore. While most public sector banks have removed savings-account penalties, private banks continue to account for the majority of these charges.