How to Calculate Average Monthly Balance in Bank | AMB Balance Charges by Bank
September 5, 2022
How to Calculate Average Monthly Balance in bank account. how to calculate average monthly balance.
Monthly Average Balance- refers to the sum of all the End of Day (EOD) balances and dividing it by the number of days in the month. It means average account balance that you need to maintain over the specified period. Suppose the Monthly Average Balance
requirement of your bank is Rs 5000.
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