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Monthly Average Balance (MAB) Calculator

 

Quickly calculate how much monthly average balance you need to maintain in your ICICI Bank savings account.

 

Steps to calculate your Monthly Average Balance:-

Step 1: Enter the MAB required to be maintained in your Account, along with the month and year. Click here to check the required MAB for your account type.

 

Step 2: Select the days in the calendar shown and enter your average end-of-day account balance for these days. Click on ‘Calculate’. You can enter this multiple times for different groups of days as per the average balance maintained.

 

Step 3: The entered amounts will be displayed in the account summary. Click ‘Calculate’ again to see your average balance for the days entered so far. You will also see the amount you will need to maintain in your Account for the remaining days of the month in order to meet the MAB requirement of your Account.

 

Step 4: You can choose to view your Account summary as a graph or as a table.    

 

About Monthly Average Balance Calculator

What is Monthly Average Balance (MAB)?

Monthly Average Balance is the average of daily closing balances in your savings account over a calendar month. It helps ensure account activity and maintain account benefits.

Why is MAB Important?

Maintaining the required MAB helps avoid non-maintenance charges and ensures uninterrupted banking services like debit cards, cheques, and digital access.

How the MAB Calculator Helps

This calculator estimates your average balance based on your input for different days of the month. It shows whether you’re on track or need to adjust your balance.

How to Use the Calculator

Enter the required MAB, month, and year. Enter your daily closing balances for selected days, and the tool will show your existing average and what’s needed for the rest of the month.

Benefits of Using This Tool

  • Helps you plan your deposits
  • Avoids unnecessary charges
  • Offers visual results via table or graph
  • Easy and instant to use