How is Average Quarterly Balance (AQB) calculated
Average Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. It is the sum of the end of day balance in the account for each day in the quarter, divided by the number of days in the quarter. Example: Say if your account is subjected to maintain an AQB of Rs. 10,000 /-, that means the EOD balance x Number of Days AQB = 10,000 = ———————————————— Number of days in Quarter Let’s assume the number of days in Quarter are 90 (30days for 3 months), Also, assume you maintained […]
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