Do you know what is MAB in SBI? Many of you might have got confused about MAB. Let me tell what it is. MAB is simply the short form of Monthly Average Balance. A minimum of Rs.5000/- MAB should be maintained by the SBI. It has been following from 01st April 2017. So now the question arises how to calculate my MAB in SBI bank account. How much they charge for not maintaining the minimum balance. Let me answer your query one by one.

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You don't need to have Rs.5000 in your account always. Here is a formula to find out how it works.

Still don't understand? Let me explain it further.

Suppose, take this month August in which you have 31 days. At the end of August 1, how much was in your bank account will be taken. Similarly, at the end of August 2, how much balance in your account will be taken. Likewise, upto 31st August 2017, the end day balance will be taken in the similar way and all will be added together. That is sum of all the EOD (End of the Day) closing balance. And this sum will be divided by 31 (as this month 31 days). The result should equal to Rs.5000/- or more. Otherwise, you will see MAB SBI debit in your account statement.

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Here is the charge for non-maintenance of MAB in SBI.

1. Shortfall of less than 50% = Rs.50 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.75 + Service Charge

3. Shortfall of more than 75% = Rs.100 + Service Charge

1. Shortfall of less than 50% = Rs.40 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.60 + Service Charge

3. Shortfall of more than 75% = Rs.80 + Service Charge

1. Shortfall of less than 50% = Rs.25 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.50 + Service Charge

3. Shortfall of more than 75% = Rs.75 + Service Charge

1. Shortfall of less than 50% = Rs.20 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.30 + Service Charge

3. Shortfall of more than 75% = Rs.50 + Service Charge

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**How to calculate MAB:**

You don't need to have Rs.5000 in your account always. Here is a formula to find out how it works.**How to calculate MAB:**

**MAB = Sum of all the EOD (End of the Day) closing balance / Number of days in the particular month.**Still don't understand? Let me explain it further.

Suppose, take this month August in which you have 31 days. At the end of August 1, how much was in your bank account will be taken. Similarly, at the end of August 2, how much balance in your account will be taken. Likewise, upto 31st August 2017, the end day balance will be taken in the similar way and all will be added together. That is sum of all the EOD (End of the Day) closing balance. And this sum will be divided by 31 (as this month 31 days). The result should equal to Rs.5000/- or more. Otherwise, you will see MAB SBI debit in your account statement.

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**How much penalty will be put if you don't maintain Rs.5000 MAB:**

Here is the charge for non-maintenance of MAB in SBI.**How much penalty will be put if you don't maintain Rs.5000 MAB:**

**Metro Monthly Average Balance or MAB Rs.5000/-**1. Shortfall of less than 50% = Rs.50 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.75 + Service Charge

3. Shortfall of more than 75% = Rs.100 + Service Charge

**Urban Monthly Average Balance or MAB Rs.3000/-**1. Shortfall of less than 50% = Rs.40 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.60 + Service Charge

3. Shortfall of more than 75% = Rs.80 + Service Charge

**Semi-Urban Monthly Average Balance or MAB Rs.2000/-**1. Shortfall of less than 50% = Rs.25 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.50 + Service Charge

3. Shortfall of more than 75% = Rs.75 + Service Charge

**Rural Monthly Average Balance or MAB Rs.2000/-**1. Shortfall of less than 50% = Rs.20 + Service Charge

2. Shortfall of greater than 50% to less than 75% = Rs.30 + Service Charge

3. Shortfall of more than 75% = Rs.50 + Service Charge

So are you clear about What is MAB in SBI? How to calculate it? If not, then leave comment below so that we will guide you further.

## 6 comments

Thank you for your explanation

Its was so easy

Thanks for your comment! You are welcome!

My MAB is 3000,as per you,if i keep 30000 for 5 days,i wont get penalty,

Khanna, As your MAB is 3000, it is enough you to have 30000 for even 3 days. For these 3 days, at the end of each day, you have 30000. So 3 * 30000 plus 0 for all 27 days. So 90000/30 = 3000.

Suppose you transfer 2000 from your account having 10,000 rupee on 1st Ocober.

So balance counted on first October will be 8000 or 10000?

of-course it will be 8000

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