Non-deposit of minimum amount in bank accounts has also become a source of income and profits of banks. Punjab National Bank has recovered Rs 278.66 crore in the financial year 2018-19 as a penalty for not having the minimum amount in the account. This amount has been recovered from about 1 crore 27 lakh customers across the country. Chandrashekhar Gaur, an RTI activist in Neemuch district of Madhya Pradesh, had sought information from Punjab National Bank about how much amount has been recovered from the account holders in the last two financial years when there is no minimum amount in savings and current account. As per the details provided by PNB, in the financial year 2018-19, Punjab National Bank (PNB) recovered Rs 278.66 crore from the account holders as penalty for not having minimum amount in bank accounts. This amount is 32 percent more than the amount recovered in the last financial year. PNB has recovered a total of Rs 226.36 crore from 1,22,53,756 savings accounts and a total of Rs 52.30 crore from 5,37,692 current accounts during FY 2018-19. This amount was recovered due to not having the minimum amount in these accounts.

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