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Tag: savings accounts

Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

Posted on July 31, 2024 By Admin No Comments on Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India
Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not maintaining minimum balance. This works out to an average of Rs 1,699 crore a year and is more than what govt has budgeted for incentivising…

Read More “Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India” »

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