What Is QAB Balance In BOB?

Are you curious to know what is QAB balance in BOB? You have come to the right place as I am going to tell you everything about QAB balance in BOB in a very simple explanation. Without further discussion let’s begin to know what is QAB balance in BOB?

What Is QAB Balance In BOB?

In the ever-evolving world of banking and finance, it’s crucial to stay informed about the various terms and concepts that shape the industry. One such term that might pique your interest is “QAB Balance in BOB.” If you’re wondering what QAB Balance is and how it relates to BOB, you’ve come to the right place. In this comprehensive guide, we will unravel the mysteries surrounding QAB Balance in Bank of Baroda (BOB) and shed light on its significance.

What Is BOB?

Before diving into QAB Balance, let’s begin by understanding what BOB stands for. Bank of Baroda, often abbreviated as BOB, is one of India’s leading public sector banks. Established in 1908, BOB has grown to become a prominent player in the Indian banking industry and has a global presence as well.

What Is QAB Balance?

QAB, or Quarterly Average Balance, is a critical term in the realm of banking. It refers to the average balance that customers need to maintain in their bank accounts over a specific quarter or financial period. This balance is typically calculated by summing up the daily closing balances of an account and dividing them by the number of days in that quarter.

QAB Balance In BOB

Now that we have a basic understanding of QAB Balance, let’s delve into how it relates to Bank of Baroda.

  1. Account Types: BOB offers a variety of accounts, including savings accounts, current accounts, and fixed deposit accounts. The QAB requirement can vary depending on the type of account you hold with BOB.
  2. Minimum Balance: BOB, like many other banks, requires its customers to maintain a minimum QAB in their accounts. Failure to meet this requirement may result in the imposition of penalty charges.
  3. Penalty Charges: If your account falls below the stipulated QAB, BOB may charge you penalty fees. These fees can vary depending on the account type and the extent to which your balance falls short of the QAB requirement.
  4. Variation by Location: It’s important to note that the QAB requirement may vary from one branch or location to another. Different branches of BOB may have different QAB criteria based on factors like the branch’s location, the type of account, and prevailing market conditions.
  5. Notification: To help customers stay informed, BOB typically sends notifications regarding QAB requirements and penalty charges through SMS, emails, or physical statements.

Importance Of Maintaining QAB Balance

Maintaining the QAB Balance in your BOB account is essential for several reasons:

  1. Avoiding Penalty Charges: Meeting the QAB requirement helps you avoid penalty charges, which can eat into your savings.
  2. Banking Privileges: Some premium banking privileges and services are often extended to customers who maintain a higher QAB. This may include preferential interest rates, fee waivers, and personalized services.
  3. Creditworthiness: A healthy QAB balance can also boost your creditworthiness when you apply for loans or credit cards. Banks view customers with a consistent QAB as responsible account holders.


In conclusion, QAB Balance in Bank of Baroda is a crucial concept for account holders to understand. It represents the average balance you need to maintain in your account over a specific financial period. Falling short of the QAB requirement may result in penalty charges, so it’s essential to stay informed about the specific QAB criteria for your account type and branch location. By doing so, you can manage your BOB account effectively and enjoy the associated benefits and privileges.

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How Is QAB Calculated In BOB?

The QAB is calculated by adding the Closing Day Balances and dividing the sum by the number of days in the quarter. For a simple understanding, if the QAB of your account is Rs. 500, you need to have at least Rs. 500 in the account at the end of the day for the entire quarter.

What Is QAB And Mab Balance In BOB?

MAB is similar in concept as QAB. Only difference is that while for QAB balance maintained is computed for 3 months (i.e. a quarter) at a time, for MAB computation is done every month. Thus the bank will add day end balances for each day of the month and divide by number of days in the month to arrive at MAB.

What Is Below QAB In Bank Of Baroda?

The minimum QAB for Advantage Savings Account for urban and metro branches is being increased from Rs 1,000 to Rs 2,000 and for semi-urban branches, the minimum QAB is being increased from Rs 500 to Rs 1,000. Maintaining several bank accounts adds to the cost. Close those savings account which you would use often.

What Is The Penalty For Minimum Balance In BOB?

Rs 100/- per occasion. No penal charges on inoperative Savings accounts where stipulated minimum balance is not maintained – as stipulated by RBI.

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