AXIS Bank Monthly & Quarterly Average Balance (MAB & QAB) Charges
QAB means quarterly Average Balance, which you need to maintain in your bank account as aggreed, in order to avail services as mentioned in respective variant of that particular account. It is calculated by adding End of Day balances of all days in a quarter and dividing the same with total number of days in that quarter. If result is less than required QAB of your account, your account might be charged with QAB charges.
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