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You are here: Home / Account Maintenance / What Is Monthly Average Balance (MAB)? How Is It Calculated? How To Avoid Penalty For Not Maintaining MAB?

What Is Monthly Average Balance (MAB)? How Is It Calculated? How To Avoid Penalty For Not Maintaining MAB?

Jane Sheeba · Leave a Comment

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What Is Monthly Average Balance

Monthly Average Balance or MAB is something you would have heard about, if you have a bank account. It is nothing but the averaged, minimum balance requirement imposed by a bank.

This MAB value can be different depending upon the account you open, and depending upon whether your home branch is in the rural or urban area.

Nevertheless, it is very important that you have a clear understanding of what this MAB is, how it is calculated by the banks and what you should do in order to avoid the penalty imposed by banks for not maintaining minimum balance.

Watch today’s video fully to get a clear understanding about MAB and to put it to good use!

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Banking Minutes is an amusing feather on my multi-passionate cap. Stay tuned to the site as well as the YouTube channel as I share handy banking tips. Don't forget to subscribe to the YouTube channel.

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    Banking Minutes is an amusing feather on my multi-passionate cap. Stay tuned to the site as well as the YouTube channel as I share handy banking tips. Don't forget to subscribe to the YouTube channel.




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