Current Account Monthly Average Balance (MAB) Calculator


Current Account Monthly Average Balance (MAB) Calculator
 
   Note: For latest daily closing balances, log onto Corporate Internet banking or call corporate care nos.
To calculate your monthly average balance, follow the steps as below
Step 1: Choose your Current Account Variant OR Enter your Monthly Average Balance below:
 
Step 2: Choose Month  
Step 3: Enter your daily closing balance maintained in your Current Account till date for the month chosen.
DateAmount   Date Amount
1 16
2 17
3 18
4 19
5 20
6 21
7 22
8 23
9 24
10 25
11 26
12 27
13 28
14
29
15
30
    31
Existing Average Balance : Average Balance to be maintained in the remaining days of the month:
Disclaimer :Terms & Conditions apply. This calculator enables you to calculate the Monthly Average Balance required to maintain in your Current Account based on inputs provided. For Representational purposes only. Only "Closing Balance" on clear fund basis on a particular day is taken into consideration. Linked FDs, limit in an account are not taken into calculation for MAB. Debit balances are taken as zero for MAB calculation.
Monthly Average Balance = Sum of closing balance for all days in a month (Day 1 + Day 2 + Day 3 +...... + Day 30) Divided by Number of Days in a month (30).
Example: If the balances in Current Account are: October 1 (Rs 2000), October 2 (Rs 1000), October 3 (-Rs 1000, i.e., debit balance of Rs 1000), Average Balance as on October 3 = (Rs 2000 + Rs 1000 + Rs 0) / 3 = Rs 1000/-. Note: October 3 balance is taken as Rs 0 as it is in debit balance.