Quarterly Average Balance basically implies the normal of the all the end day equalization in a given quarter. So given a quarter, include all the end day parity and after that separation it by the quantity of days in the quarter.

Investment funds and current accountholders are commonly required to keep up a base parity in their ledger. Measure of parity necessity shifts from bank to bank, and even the same bank could have varying parity prerequisite relying upon the record holder's area (Urban, Semi-urban and Rural) or classification of record (Normal, Privilege, Platinum, and so forth).

Saving Account Detail

Highlights

Bank State Bank of India

Category Regular

Minimum AQB
(Average Quarterly Balance)

Metro/Urban/Semi-Urban

Cheque operated account- Rs.1000

Ordinary account - Rs. 500

Rural

Cheque operated account- Rs.500

Ordinary account -Rs. 250

Interest Rate 4%

Card Offered ATM cum Debit Card
Free

Main Features

Card Convenience.
Easy and Wide Accessibility.
Moderate Earning.
Money Multipliers.
Transfer of accounts between our wide network of branches without any charge.
Facility to open your Savings Account in Single or Joint Names.
Low Minimum Balance Requirements.
Full Security of your money at all times.

Fees & charges
Charges for non maintenance of minimum quarterly average balance

Metro/Urban/Semi-Urban
Cheque operated account- Rs.1000
Ordinary account - Rs. 500

Rural
Cheque operated account- Rs.500
Ordinary account -Rs. 250