Tag: RBI Guidelines

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.

Hidden Charges In Your Credit Card Statement That Banks Hope You Never Notice

A ₹500 dinner, a rushed minimum payment and one small ATM withdrawal may look harmless. Yet these transactions can...

RBI Mis-Selling Rules From July: What Bank Customers Should Know Before Buying Financial Products

RBI mis-selling rules aim to protect customers from forced products, hidden charges and misleading financial sales practices. Know what to check before buying.