Banks are quietly stealing thousands of crores of rupees!
Minimum Balance Penalty Report: In india, the common man trusts anyone the most in terms of his money, then it is the country's banks. However, now aam aadmi party MP Raghav Chadha has raised questions on these banks in Rajya Sabha. He has described the hidden charges and fees being levied by the banks as a problem. Let us tell you through figures how much truth is there in the words of rajya sabha MP Raghav Chadha and whether the banks are really robbing the pockets of the common people every year with these charges and fees.
What did Raghav Chadha say?
Speaking in the rajya sabha, Raghav Chadha said that if you do not maintain the minimum balance in your bank account, then the banks charge you a penalty charge for this. This charge can be from Rs 100 to Rs 600 per month. He further said that banks collected Rs 3500 crore from account holders in 2022-23 from this charge alone. Apart from this, banks also deduct money from the accounts of the general public in the name of extra ATM usage fees, bank statement fees, inactivity fees and SMS alert fees.
What do the figures say?
According to a report by the indian Express, in the financial year 2023-24, 11 public sector banks of india collected a total penalty of Rs 2,331 crore from customers for not maintaining minimum balance in savings accounts. This amount was 25.63 percent more than the year 2022-23, when these banks charged Rs 1,855.43 crore from customers for not maintaining minimum balance.
Which banks collected how much in 2023-24?
Punjab National bank (PNB) was at the forefront in this matter. It had collected Rs 633.4 crore from its account holders in the name of minimum balance penalty. bank of Baroda was second in this case. It had charged Rs 386.51 crore from its account holders. indian bank was third. indian bank had collected Rs 369.16 crore from its account holders.
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