Income earned by
from ATM transaction expenses stood at Rs 645.67 crore in monetary 12 months 2021-22, the financial institution mentioned in response to an utility looking for info beneath the Proper to Info (RTI) Act.
Apart from, the nation’s second largest lender collected Rs 239.09 crore within the type of penalty imposed on prospects who failed to take care of minimal steadiness or quarterly/month-to-month common steadiness of their financial institution accounts, in accordance with the financial institution’s response to Madhya Pradesh-based RTI applicant Chandrashekhar Gaur.
In 2020-21, the financial institution had earned Rs 170 crore by levying expenses on prospects for not sustaining minimal steadiness of their accounts.
This quantity was collected from 8,518,953 accounts throughout FY22. To a question on the variety of zero steadiness accounts with the financial institution, PNB (Punjab Nationwide Financial institution) mentioned there have been a complete of 67,637,918 such accounts as of March 31, 2022.
Going by the pattern for the final 4 monetary years from 2018-19 to 2021-22, it was revealed that the zero steadiness accounts in PNB have gone up steadily over these years.
As of March 31, 2019, there have been 28,203,379 zero steadiness accounts at PNB, which elevated to 30,583,184 by the tip of March 2020 and additional to 59,496,731 as of March 31, 2021.