Monthly average balance caluclation is very important when you have a bank account . Not maintaining monthly average balance lead to penalty and different banks charges if not doing it.
This video in malayalam helps everyone to understand the calculation of monthly average balance in simple way with example.
Monthly average balance varies based on different banks and purely depends on the features and benefits provided by the bank with the account.
Hence when you apply for the bank account find out the penalty for not maintaining the balance and also it is important to understand the calculations.
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