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Banks Fool You 🤫 Many people face this problem in the name of Minimum Balance Maintanence charges by Banks. MAB is Monthly Average Balance (MAB). This is known as the minimum average amount balance which is the minimum amount needed to maintain the savings in your bank account every month. The figure is calculated each month and if you fail to maintain the average balance you will be charged a penalty fee Source:- Official Banks Websites Follow Fiknown #finance #banks #bank #banking #rbi #money
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