Hey buddy. I can help you understand what are MAB charges in ICICI bank? As per my understanding, the charge is Rs. 100 + 5% of the shortfall in the required MAB. If you are not aware of how to calculate MAB, then you can check the below steps.
Go to the
ICICI Bank MAB Calculator.
Next, enter the required MAB, month, year and average of the end-of-day balance.
After that, click on Calculate to learn about the payable amount.
And that’s about it. I hope you find this helpful.
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The minimal amount that you must have in your ICICI Bank savings account each month is called the Monthly Average Balance (MAB), sometimes referred to as the minimum average balance. MAB charges in ICICI bank or penalties will be applied if this minimum average balance is not maintained; the amount is determined at the end of every month.
What are the ICICI Bank MAB Charges?
These charges as per accounts are as follows,
Charges |
Regular Salary Account |
Standard Salary Account |
MAB |
Rs. 10,000 |
Rs. 5000 |
Charges for non-maintenance |
Rs. 100 + 5% of the shortfall in required MAB |
Rs. 100 + 5% of the shortfall in required MAB |
The following options allow you to view the minimum Monthly Average Balance (or "MAB") that must be maintained in your account as well as your current MAB:
Online Banking: Logged in section > Bank Accounts > Accounts > Monthly Average Balance details
Mobile Banking: FD/RD & Accounts > Select Savings Account Number. Additional Choices > Details of the Monthly Average Balance > Press the Submit button.
Alternative Option: Mobile Banking > Statement > More Options > Monthly Average Balance details > Click on Submit
Apart from these options you can also call ICICI Bank customer support.
I hope this information helps you!
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Before understanding, what are MAB charges in ICICI bank, let me highlight that customers must maintain a minimum Monthly Average Balance (MAB) in their savings accounts in order to avoid penalties from the majority of the banks. The Monthly Average Balance is calculated by multiplying the total End of Day (EOD) closing balance by the number of days in the given month.
What are the ICICI Bank minimum balance maintain charges?
- Metro and Urban locations:
Rs.10,000
- Semi-urban locations:
Rs.5,000
- Rural locations:
Rs.2,000
- Gramin locations:
Rs.1,000
Free cash transactions will be charged at a rate of Rs. 100 for the first two cash transactions and Rs. 125 for each additional transaction for accounts that do not maintain the requisite MAB. In addition to the non-maintenance of MAB charges listed in the terms and conditions that apply to the account, this fee will be assessed.
The ICICI minimum balance penalty charges are associated with failing to maintain a minimum monthly average balance. This is equal to 6% of the required MAB deficit or Rs. 500, whichever is less.
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I am annoyed that a bank account holder needs to remember so many details. From bank opening charges, and closure charges to MAB charges ICICI bank. So many aspects to focus on. To get the most out of your bank account, you should know details about the same.
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What is MAB charges in ICICI bank?MAB or Monthly Average Balance is the minimum balance that each account holder needs to have in his savings account. This amount is calculated at the end of each month. If you don't keep the minimum balance, you will be penalised by the bank.
Here is the formula banks use to calculate MAB :Monthly Average Balance = Sum of closing balance for all days in a month (Day 1 + Day 2 + Day 3 +...... + Day 30) Divided by Number of Days in a month (30). The MAB amount is different for different banks. To know your necessary MAB, contact your bank.
If you are still confused about MAB charges in ICICI bank means, keep reading.
MAB required in an account is different for urban locations, semi-urban and rural locations. Take a look at the table to know the figures.
Metro/ Urban locations -MAB maintained in the account |
Charges to be levied |
Rs. 5,000 =< MAB < Rs. 10,000 |
Rs. 250 per month |
MAB < Rs. 5,000 |
Rs. 350 per month |
Semi Urban locations -
MAB maintained in the account |
Charges to be levied |
Rs. 2,500 =< MAB < Rs. 5,000 |
Rs. 250 per month |
MAB < Rs. 2,500 |
Rs. 350 per month |
Rural locations -
MAB maintained in the account |
Charges to be levied |
Rs. 1,000 =< MAB < Rs. 2,000 |
Rs. 250 per month |
MAB < Rs. 2,000 |
Rs. 350 per month |
This is all from my end on MAB charges ICICI bank
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What does MAB Charges in ICICI Bank Means?
The minimum monthly balance required to maintain the savings account is Rs.10,000/- in metro and urban locations, Rs. 5,000/- in semi-urban and Rs. 2,000/- in rural locations. Metro/ Urban locations -MAB maintained in the account | Charges to be levied |
Rs. 5,000 =< MAB < Rs. 10,000 | Rs. 250 per month |
MAB < Rs. 5,000 | Rs. 350 per month |
MAB maintained in the account | Charges to be levied |
Rs. 2,500 =< MAB < Rs. 5,000 | Rs. 250 per month |
MAB < Rs. 2,500 | Rs. 350 per month |
MAB maintained in the account | Charges to be levied |
Rs. 1,000 =< MAB < Rs. 2,000 | Rs. 250 per month |
MAB < Rs. 2,000 | Rs. 350 per month |

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What is MAB charges in ICICI bank?
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2022-08-30T09:51:18+00:00 2023-09-29T22:21:14+00:00Comment
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