The state-owned (PNB) collected around Rs 170 crore by charging customers for not performing the required maintenance minimum amount In their accounts during 2020-21, as per RTI information. The lender’s revenue earned from such charges stood at Rs 286.24 crore in 2019-20.

Banks levy such charges on a quarterly basis during a financial year.

The quarterly average balance (QAB) in the April-June period of 2020-21 was Rs 35.46 crore (both on savings and current accounts); Whereas no such fee was levied in the second quarter of FY21.

In the third and fourth quarter, QAB non-maintenance charges stood at Rs 48.11 crore and Rs 86.11 crore, respectively, PNB said in a Right to Information (RTI) reply sought by a Madhya Pradesh-based social worker. Chandra Shekhar Gaur.

Also, the lender earned Rs 74.28 crore as ATM Transaction fees during the year. Earlier in 2019-20 it was Rs 114.08 crore.

NS Bank said that it has waived off ATM transaction charges during the first quarter of 2020-21 vide IBA letter and government guidelines.

Responding to a query on the number of operative and dormant accounts, the lender said 4,27,59,597 accounts were dormant as on June 30, 2021, while a total of 13,37,48,857 accounts were operational.