Archive · 29 Jul 2026
Private Banks Collect ₹4,949 Crore in FY26 Minimum Balance Charges
In the fiscal year 2026, private banks in India collected a total of ₹4,949 crore from customers who did not maintain the required minimum balance in their accounts.
HDFC Bank and Axis Bank were the top collectors among private banks.
Public sector banks collected ₹2,138 crore for the same reason.
The government also introduced a scheme to help businesses with short-term liquidity issues caused by the West Asia crisis.
This scheme provides guarantee coverage for loans to small and medium enterprises (MSMEs) and other sectors.
Private banks collected ₹4,949 crore in FY26 from customers for not maintaining minimum balance.
HDFC Bank collected the highest amount (₹1,798.14 crore), followed by Axis Bank (₹1,081.33 crore).
Public sector banks collected ₹2,138 crore for the same reason.
No penal charges are levied on Basic Savings Bank Deposit Accounts, including PMJDY accounts.
The government introduced the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 in May 2026 to address short-term liquidity mismatches.
- Who
- Private and public sector banks in India
- What
- Collection of minimum balance charges from customers
- When
- Fiscal Year 2026
- Where
- India
- Why
- To enforce minimum balance requirements in current and savings accounts
Private Banks
Public Sector Banks
Collection Amounts
Private Banks
Private banks collected ₹4,948.71 crore in FY26 from customers for minimum balance shortfalls.
Public Sector Banks
Public sector banks collected ₹2,137.92 crore for the same reason.
Top Collectors
Private Banks
HDFC Bank collected the highest amount (₹1,798.14 crore), followed by Axis Bank (₹1,081.33 crore).
Public Sector Banks
State Bank of India collected the highest amount (₹477.27 crore), followed by Bank of Baroda (₹394.10 crore).
- Total Collection by Private Banks
- ₹4,948.71 crore
- Total Collection by Public Sector Banks
- ₹2,137.92 crore
- Top Collector (Private Banks)
- HDFC Bank (₹1,798.14 crore)
- Second Top Collector (Private Banks)
- Axis Bank (₹1,081.33 crore)
- Top Collector (Public Sector Banks)
- State Bank of India (₹477.27 crore)
- Second Top Collector (Public Sector Banks)
- Bank of Baroda (₹394.10 crore)
- Accounts Exempt from Charges
- Basic Savings Bank Deposit Accounts, including PMJDY accounts
- Emergency Credit Line Guarantee Scheme (ECLGS) 5.0
- Introduced in May 2026 to address short-term liquidity mismatches
- Guarantee Coverage
- 100% for MSMEs, 90% for non-MSMEs and scheduled passenger airlines
- Total Credit Flow Under ECLGS 5.0
- ₹2,55,000 crore, including ₹5,000 crore for scheduled passenger airlines
