Check bank wise full list How much money banks made via penalty for not maintaining minimum balance;

Last year when India’s largest lender the State Bank of India decided to introduce back the penalty for not maintaining the minimum balance in bank accounts, it created a lot of furore. A year later, the SBI collected about half of the total amount of penalties collected by 21 Public Sector Banks (PSBs) and three major private banks. The SBI, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, collected Rs 2433.87 crore. Following the SBI were HDFC Bank and Axis Bank, with collected penalties of Rs 590.84 crore and Rs 530.12 crore.

The SBI said that its charges for non-maintenance of Average Monthly Balance (AMB) were one of the lowest in the history. It announced a reduction in its AMB charges by up to 75% from April 1. The SBI does have a lower minimum average balance requirement of Rs 3000 as compared to other banks, in which it can go up to Rs 10,000 in metro cities.

Check full list:

Bank	Penalty amount (Rs crore)
SBI	2433.87
Axis Bank	530.12
HDFC Bank	590.84
ICICI Bank	317.6
Allahabad Bank	16.16
Andhra Bank	48.42
Bank of Baroda	10.94
Bank of India	17.35
Bank of Maharashtra	19.17
Canara Bank	118.11
Central Bank of India	173.92
Corporation Bank	24.29
Dena Bank	18.25
Indian Bank	88.38
Indian Overseas Bank	41.95
Oriental Bank of Commerce	131.48
Punjab & Sind Bank	0.97
Punjab National Bank	210.76
Syndicate Bank	57.54
UCO Bank	5.47
Union Bank of India	46.11
United Bank of India	5.83
Vijaya Bank	1.07