All posts tagged "MAB"

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  90

  MUST KNOW

  Monthly 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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  342

  MUST KNOW

  Can’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...