Banks Collect Rs 5,000 Crore From Customers As Minimum Balance Penalty In FY18

SBI, which re-introduced the penalty on deposits going below monthly average balance basis from April 2017, collected Rs 2,433.87 crore.

Banking & Financial Services | | Updated: August 05, 2018 18:18 IST
Banks Collect Rs 5,000 Crore From Customers As Minimum Balance Penalty In FY18

After SBI, the largest amount of charges for not maintaining minimum balance was collected by HDFC Bank.