what is qab balance in bob ?


QAB stands for Quarterly Average Balance. It is the minimum amount of money that you need to keep in your Bank of Baroda account in order to avoid penalties. The QAB requirement varies depending on the type of account you have and the location of your branch.

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There are a few reasons why banks have QAB requirements. One reason is to ensure that they have enough liquidity to meet their financial obligations. Another reason is to discourage people from opening accounts and then not using them.

How is QAB balance calculated?

The QAB balance is calculated by adding up the closing balances of your account for each day in the quarter and then dividing by the number of days in the quarter. For example, if you have a quarterly average balance requirement of Rs. 2,000 and your account has a closing balance of Rs. 1,000 on 15 March, Rs. 1,500 on 16 March, and Rs. 2,500 on 17 March, then your QAB balance for the quarter would be Rs. 1,833.

What are the penalties for not maintaining QAB balance?

If you do not maintain the minimum QAB balance in your Bank of Baroda account, you may be charged a penalty. The amount of the penalty depends on the type of account you have and the location of your branch. For example, if you have a Baroda Advantage Savings Account and you do not maintain the minimum QAB balance, you will be charged Rs. 200.

How to avoid QAB penalties?

There are a few things you can do to avoid QAB penalties. First, make sure you know what the minimum QAB balance requirement is for your account. Second, try to keep your account balance above the minimum requirement at all times. Third, if you know that you are going to be below the minimum requirement for a period of time, you can contact your bank and ask them to waive the penalty.


QAB balances can be a pain, but they are there for a reason. By understanding how QAB balances work and taking steps to avoid penalties, you can save yourself some money and keep your account in good standing.

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