Young professionals are becoming a major force behind the growth of consumer lending in India. Rising incomes, digital loan platforms, and increasing demand for products like personal loans, credit cards, and vehicle loans are encouraging this segment to borrow and spend more confidently.
If you do not maintain the minimum balance in your bank account, a non-maintenance charge is applied. The amount varies by bank and account type, usually ranging from ₹50 to ₹600. Repeated non-maintenance can lead to multiple penalties.