AskBanking – Get solution to all your banking FAQs
Banking FAQs & HowTo Guide
The country’s largest lender, State Bank of India has reduced charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts by nearly 75 per cent. The charges for non-maintenance of AMB for customers in Metro and Urban centers have been reduced from a maximum of Rs 50 per month to Rs 15 per month. Semi-Urban […]
Comparison between MAB or AQB of various banks. Majority of the Banks has moved from the Average Quartly balance (AQB) To Monthly average balance (MAB) in recent times. There are various reason for moving in to MAB from AQB by the banks. Which is more beneficial for customer and banks at large either MAB or […]
Monthly Average Balance (MAB) is being charged by each of the banks for non maintenance of minimum balance in the account.The Monthly Average Balance (MAB) is calculated on a simple average of day-end balances for a calendar month. The MAB is calculated by adding the closing ledger balance of the account of each day from […]
by 
