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 … [Read more...] about What Is Monthly Average Balance (MAB)? How Is It Calculated? How To Avoid Penalty For Not Maintaining MAB?
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