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 (MAB)

Step 1: Enter the MAB required to be maintained in your Account, along with the month and year. Check the MAB required for your account type in the Service Charges and Fees schedule.

 

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.    

 

Calculate MAB

Monthly average balance Calender

 

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About the Monthly Average Balance Calculator

What is Monthly Average Balance (MAB) at ICICI Bank?

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.

How Does the ICICI Bank MAB Calculator Help You Avoid Non-Maintenance Charges?

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

Benefits of Using the ICICI Bank MAB Calculator

  • Helps you plan your deposits
  • Helps you avoids unnecessary charges
  • Shows your results as a table or a graph
  • Easy and instant to use

How to Use the MAB 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 is needed for the rest of the month.

Why is MAB Important?

Maintaining the required MAB helps you to avoid non-maintenance charges and ensures uninterrupted banking services like Debit Cards, cheques and digital access.

FAQs

What is Monthly Average Balance (MAB)?

Monthly Average Balance (MAB) is the average of the closing balance in your bank account for all days in a month and is used to determine minimum balance compliance.

How does the Monthly Average Balance (MAB) Calculator work?

The Monthly Average Balance (MAB) calculator helps you estimate the average balance maintained in your Savings Account during the month. By entering your balances, it shows your current average and indicates the balance you may need to maintain for the remaining days of the month to meet the required MAB. This helps you plan your account balance and avoid non-maintenance charges.

How is the Monthly Average Balance calculated by Banks?

Banks calculate the Monthly Average Balance by summing up the daily closing balances in your account during a month and dividing the total by the number of days.