Minimum balance charges: Banks collected significant penalties from customers for low account balances. Public sector banks alone gathered over Rs 8,000 crore. However, zero-balance accounts like those under Pradhan Mantri Jan Dhan Yojana are exempt from thes…
HDFC Bank, Axis Bank and Punjab National Bank (PNB) received the highest penalties in FY 22-23, FY 23-24 and FY 24-25 from their customers for not maintaining the required minimum balance in savings … [+6403 chars]
