In FY26 alone, banks collected Rs 7,086.63 crore through minimum balance charges. Meanwhile, private lenders accounted for Rs 4,948.71 crore, more than twice the Rs 2,137.92 crore collected by PSBs. Among private banks, HDFC Bank reported the highest collection from minimum balance charges in FY26 at Rs 1,798.14 crore, followed by Axis Bank at Rs 1,081.33 crore. Together, the two lenders accounted for nearly 58 per cent of the total minimum balance charges collected by private sector banks during the year. Other private lenders that reported collections included ICICI Bank at Rs 353.50 crore, Kotak Mahindra Bank at Rs 290.65 crore, Yes Bank at Rs 195.05 crore and IDBI Bank at Rs 175.15 crore.