Banks Collected Rs 7,100 Crore in Minimum Balance Penalties

Public sector banks in India collected Rs 7,100 crore in penalties from customers for failing to maintain minimum balance requirements during the 2025-26 financial year.

An analysis of government data shows that the average cost for owning a debit card has surged by nearly 90% over the last five years.

The rising fees for basic banking services, including debit card maintenance and low-balance charges, have significantly increased the financial burden on retail account holders.