During FY 2022–23 to FY 2024–25, Public Sector Banks (PSBs) have collected ₹8,092.83 crore customers, on account of non-maintenance Minimum Monthly Average Balance (MAB).
The amount of ₹8,092.83 crore collected over the last three financial years constitutes approximately 0.23% of the total income of Public Sector Banks during the same period.
SBI had completely waived off penal charges for non-maintenance of minimum MAB in saving accounts since March 2020. In 2025 nine more PSBs have completely waived off such charges. The remaining two PSBs have also rationalised minimum balance charges in 2025.
Details of charges collected by Public Sector Banks in last 3 years (Rs. cr):
| Bank | Charges levied for non-maintenance of Minimum AverageBalance (Current account & Savings account) | ||
| FY 2022-23 | FY 2023-24 | FY 2024-25 | |
| Bank of Baroda | 387.52 | 443.30 | 441.35 |
| Bank of India | 174.99 | 194.25 | 170.83 |
| Bank of Maharashtra | 131.77 | 143.69 | 152.86 |
| Canara Bank | 390.85 | 358.67 | 277.71 |
| Central Bank of India | 150.81 | 135.31 | 97.19 |
| Indian Bank | 295.23 | 367.66 | 503.38 |
| Indian Overseas Bank | 13.00 | 15.06 | 15.55 |
| Punjab & Sind Bank | 19.02 | 42.53 | 48.57 |
| Punjab National Bank | 486.16 | 674.04 | 417.67 |
| State Bank of India* | 211.47 | 302.95 | 418.40 |
| UCO Bank | 18.30 | 43.43 | 53.56 |
| Union Bank of India | 128.70 | 188.21 | 178.84 |
*Amount pertains to current account as SBI had completely waived off penal charges for non-maintenance of Minimum Average Balance in saving accounts since March 2020.
Details of charges collected by Private Sector Banks in last 3 years (Rs. cr):
| Bank | Charges levied for non-maintenance of MinimumAverage Balance | ||
| FY 2022-23 | FY 2023-24 | FY 2024-25 | |
| Axis Bank Limited | 878.23 | 826.45 | 1,001.29 |
| Bandhan Bank Limited | – | 43.26 | 73.54 |
| City Union Bank Limited | 75.35 | 31.86 | 35.45 |
| CSB Bank Limited | 25.29 | 35.58 | 44.15 |
| DCB Bank Limited | 8.73 | 9.94 | 11.75 |
| Dhanlaxmi Bank Limited | – | – | – |
| Federal Bank Limited | 86.21 | 102.76 | 132.42 |
| HDFC Bank Limited | 1,036.05 | 1,316.80 | 1,518.92 |
| ICICI Bank Limited | 400.45 | 433.06 | 391.28 |
| IDBI Bank Limited | 76.17 | 59.31 | 75.73 |
| IDFC First Bank Limited | 91.93 | 120.44 | 119.18 |
| IndusInd Bank Limited | 92.68 | 108.76 | 170.60 |
| Jammu & Kashmir Bank Limited | – | 30.52 | 47.67 |
| Karnataka Bank Limited | – | – | – |
| Karur Vysya Bank Limited | 51.99 | 50.14 | 49.84 |
| Kotak Mahindra Bank Limited | 192.26 | 261.24 | 254.26 |
| Nainital Bank Limited | – | – | – |
| RBL Bank Limited | 28.33 | 28.92 | 33.43 |
| South Indian Bank Limited | 41.83 | 62.61 | 89.45 |
| Tamilnad Mercantile Bank Limited | 26.71 | 28.76 | 30.03 |
| Yes Bank Limited | 59.75 | 69.66 | 119.89 |
