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Banks shouldn't penalise account holders over minimum balance: Raghav Chadha
short by Garima Garg / on Tuesday, 17 March, 2026
Rajya Sabha MP Raghav Chadha said that banks shouldn't charge penalties from customers for not maintaining a minimum average account balance. He cited government data that banks collected ₹19,000 crore in such penalties from FY23 to FY25. "If a poor person's balance falls below the minimum level, the banks should not treat it as a crime," he added.
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