MOST OF THE BANKS IN THIS WORLD USED TO HAVE MAB.
MAB REFERRING TO MINIMAL AVAILABLE BALANCE.
ASSUME THAT:
a. I AM THE OWNER OF MY NEW BANK MURUGESAN_OPENSSL_BANK.
b. ANY USER CAN OPEN NEW ACCOUNT AT MURUGESAN_OPENSSL_BANK.
c. TERMS AND CONDITIONS:
1) IF YOUR ACCOUNT IS NOT A SALARY ACCOUNT, YOU NEED TO HAVE MAB AS 10000.00 INR ALWAYS.
2) IF YOUR ACCOUNT IS A SALARY ACCOUNT, MAB CONDITIONS NOT APPLICABLE.
3) IF YOUR ACCOUNT IS NOT A SALARY ACCOUNT AND YOU ARE USING A DEBIT CARD YOU NEED TO PAY 118.00 INR ONCE EACH YEAR.
WHAT IS MAB?:
EXAMPLE MAB DURING JANUARY.
JANUARY MONTH HAVING 31 DAYS.
YOU ARE HAVING 10000.00 INR WITHOUT WITHDRAWING AND DEPOSITING ANY AMOUNT AT YOUR ACCOUNT.
HENCE 31*10000.00/31 = 10000.00 IS YOUR MAB.
EXAMPLE MAB DURING APRIL.
APRIL MONTH HAVING 30 DAYS.
YOU ARE HAVING 10000.00 INR WITHOUT WITHDRAWING AND DEPOSITING ANY AMOUNT AT YOUR ACCOUNT.
HENCE 30*10000.00/30 = 10000.00 IS YOUR MAB.
EXAMPLE MAB DURING JUNE.
JUNE MONTH HAVING 30 DAYS.
YOU ARE HAVING 90000.00 INR ON FIRST DAY.
FROM SECOND DAY TO LAST DAY YOU ARE HAVING 0.00 INR.
HENCE YOUR MAB IS:
MAB = ( 90000.00 + 0.00*29 ) / 30
MAB = ( 90000.00 + 0.00 ) / 30
MAB = ( 90000.00 ) / 30
MAB = 10000.00
IF YOU ARE NOT HAVING 10000.00 INR AT YOUR MAB, MURUGESAN_OPENSSL_BANK USED TO WITHDRAW 42.00 EACH MONTH FROM YOUR ACCOUNT.
ASSUME THAT:
a) MURUGESAN_OPENSSL_BANK HAVING ONE LAKH CUSTOMERS WHO ARE HAVING NORMAL ACCOUNT.
b) THESE ONE LAKH CUSTOMERS ARE ALWAYS MAINTAINING THEIR MINIMAL AVAILABLE BALANCE FOR A YEAR.
c) MURUGESAN_OPENSSL_BANK HAVING 1000000000.00 INR(ONE BILLION OR 100 CRORES) PER MONTH. MURUGESAN_OPENSSL_BANK INCREASING THIS AMOUNT AT SHARED MARKET/MUTUAL FUND/POST OFFICE MIS/IT BUSINESS
IF I AM HAVING A NORMAL ACCOUNT AT MURUGESAN_OPENSSL_BANK,
I USED TO HAVE 10100.00 INR MAB AT MURUGESAN_OPENSSL_BANK
REASON: MURUGESAN_OPENSSL_BANK USED TO DEBIT BULK CHARGES/STH/... FROM MY ACCOUNT WITHOUT INFORMING ME THE REASON FOR THE SAME.