All posts tagged "MAB"
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108MUST KNOWMonthly Average Balance: Benefits, Charges, Calculation – Here’s everything you need to know
At the end of each month, the bank calculates whether you’ve met the required MAB, and if you haven’t, penalties may be...
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346MUST KNOWCan’t maintain minimum balance in a bank savings account? Use these tips to avoid penalties
Many banks impose penalties for not maintaining minimum balance in savings accounts. In such cases, closing the account would be beneficial if...
