Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Minimum average balance (MAB) is the least average balance a bank requires a savings account holder to maintain over a period, failing which a penalty is charged.
The lowest average amount your bank requires you to keep in your savings account.
Requirement and penalty structure vary by bank, account type, and branch location (metro/urban/rural); many banks now offer zero-balance savings accounts to avoid this requirement.
Falling below the ₹10,000 required average balance for a month triggers a non-maintenance penalty on the account.
The lowest average amount your bank requires you to keep in your savings account.
Minimum Average Balance helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.