Understanding Quarterly Average Balance (QAB) vs Monthly Average Balance (MAB)
Posted on Thursday, November 14th, 2024 |
Maintaining a minimum balance is often a requirement in current accounts. This balance helps banks maintain liquidity and manage the cost of operations. Two of the most commonly used metrics for this are Quarterly Average Balance (QAB) and Monthly Average Balance (MAB). Though they sound similar, QAB and MAB are distinct in their calculation methods…
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