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Banks collected over ₹7,000 crore in minimum balance charges in FY26: Govt
short by Garima Garg / on Wednesday, 29 July, 2026
Public sector banks collected ₹2,137.92 crore from current and savings account holders in FY26 as charges for non-maintenance of minimum average balance, the government informed Parliament. Private sector banks collected ₹4,948.71 crore. Among private lenders, HDFC Bank and Axis Bank accounted for 58% of total charges by collecting ₹1,798.14 crore and ₹1,081.33 crore, respectively.
read more at Moneycontrol