diff --git a/runtime/src/bank.rs b/runtime/src/bank.rs
index 84b1c10f1b8e5a..5d2a1535d2386d 100644
--- a/runtime/src/bank.rs
+++ b/runtime/src/bank.rs
@@ -5301,6 +5301,22 @@ impl Bank {
             debug_do_not_add_builtins,
         );
 
+        // Cost-Tracker is not serialized in snapshot or any configs.
+        // We must apply previously activated features related to limits here
+        // so that the initial bank state is consistent with the feature set.
+        // Cost-tracker limits are propagated through children banks.
+        if self
+            .feature_set
+            .is_active(&feature_set::raise_block_limits_to_50m::id())
+        {
+            let (account_cost_limit, block_cost_limit, vote_cost_limit) = simd_0207_block_limits();
+            self.write_cost_tracker().unwrap().set_limits(
+                account_cost_limit,
+                block_cost_limit,
+                vote_cost_limit,
+            );
+        }
+
         if !debug_do_not_add_builtins {
             for builtin in BUILTINS
                 .iter()
diff --git a/runtime/src/bank/tests.rs b/runtime/src/bank/tests.rs
index 210b64eb1820dc..1cb8c7ab4b5a22 100644
--- a/runtime/src/bank/tests.rs
+++ b/runtime/src/bank/tests.rs
@@ -8004,8 +8004,9 @@ fn test_reserved_account_keys() {
 fn test_block_limits() {
     let (bank0, _bank_forks) = create_simple_test_arc_bank(100_000);
     let mut bank = Bank::new_from_parent(bank0, &Pubkey::default(), 1);
-    bank.feature_set = Arc::new(FeatureSet::default());
-
+    assert!(!bank
+        .feature_set
+        .is_active(&feature_set::raise_block_limits_to_50m::id()));
     assert_eq!(
         bank.read_cost_tracker().unwrap().get_block_limit(),
         MAX_BLOCK_UNITS,
@@ -8017,6 +8018,15 @@ fn test_block_limits() {
         &feature_set::raise_block_limits_to_50m::id(),
         &feature::create_account(&Feature::default(), 42),
     );
+    // apply_feature_activations for `FinishInit` will not cause the block limit to be updated
+    bank.apply_feature_activations(ApplyFeatureActivationsCaller::FinishInit, true);
+    assert_eq!(
+        bank.read_cost_tracker().unwrap().get_block_limit(),
+        MAX_BLOCK_UNITS,
+        "before activating the feature, bank should have old/default limit"
+    );
+
+    // apply_feature_activations for `NewFromParent` will cause feature to be activated
     bank.apply_feature_activations(ApplyFeatureActivationsCaller::NewFromParent, true);
     assert_eq!(
         bank.read_cost_tracker().unwrap().get_block_limit(),
@@ -8031,6 +8041,30 @@ fn test_block_limits() {
         MAX_BLOCK_UNITS_SIMD_0207,
         "child bank should have new limit"
     );
+
+    // Test starting from a genesis config with and without feature account
+    let (mut genesis_config, _keypair) = create_genesis_config(100_000);
+    // Without feature account in genesis, old limits are used.
+    let bank = Bank::new_for_tests(&genesis_config);
+    assert_eq!(
+        bank.read_cost_tracker().unwrap().get_block_limit(),
+        MAX_BLOCK_UNITS,
+        "before activating the feature, bank should have old/default limit"
+    );
+
+    activate_feature(
+        &mut genesis_config,
+        feature_set::raise_block_limits_to_50m::id(),
+    );
+    let bank = Bank::new_for_tests(&genesis_config);
+    assert!(bank
+        .feature_set
+        .is_active(&feature_set::raise_block_limits_to_50m::id()));
+    assert_eq!(
+        bank.read_cost_tracker().unwrap().get_block_limit(),
+        MAX_BLOCK_UNITS_SIMD_0207,
+        "bank created from genesis config should have new limit"
+    );
 }
 
 #[test]