Well, let’s come back again to the ₹100 for a period of 3 Days Problem: Case 1: What happens if you take out ₹10 on Day 2? If you are required to maintain the same for 30 days, and you didn’t take out any money, then also your average balance will turn out to be ₹100 using the above formula.By the above formula, your average balance will be: /3 = ₹100.You put ₹100 on the bank account and didn’t take out anything.Let’s say you are required to maintain an average balance of ₹100 for a period of 3 days.How is the Average Monthly Balance Calculated in the Banks?Īverage Balance over ‘X’ days = / X. (AMC stands for Asset Management Company). This includes the total amount of your Account Balance, FD, RD, Mutual Funds from the same AMC, etc. TRV stands for Total Relationship Value.MAB stands for Monthly Average Balance.AQB stands for Average Quarterly Balance.AMB stands for Average Monthly Balance. ![]() Definition of the Terms AMB / AQB / MAB / TRV: How is this average balance calculated? We will know that in today’s post. It specifies the average balance you need to maintain in that bank account. Whenever you want to open a bank account, you will hear the term: AMB/AQB/MAB/TRV.
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