Bank Charges News

SBI will implement new rules for Basic Savings Bank Deposit (BSBD) accounts starting October 1, 2026, introducing a ₹15 plus GST charge for withdrawals exceedin

Starting October 1, SBI will charge Rs 15 plus GST for cash withdrawals exceeding four per month from Basic Savings Bank Deposit accounts, while the first four

SBI has changed its cash withdrawal rules, implementing a charge of Rs 15 plus GST for any withdrawal beyond the first four in a month, effective October 1.

Banks collected approximately Rs 7,100 crore in minimum balance penalties during FY26, with private banks accounting for Rs 4,948 crore of this amount. HDFC Ban

Government data reveals that banks collected over ₹26,170 crore in minimum balance penalties from customers between FY23 and FY26, with private lenders continui