{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/savings-account\/how-to-calculate-average-quarterly-balance\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/savings-account\/how-to-calculate-average-quarterly-balance\/","headline":"What is Average Quarterly Balance (AQB) and How to Calculate it?","name":"What is Average Quarterly Balance (AQB) and How to Calculate it?","description":"You deposit some money into your savings account at the start of the month. A few weeks later, you withdraw some for a bill or an unexpected expense. By the end of the quarter, your balance has gone up and down quite a bit. This often leaves account holders wondering \u2014 does this affect the...","datePublished":"2025-03-19","dateModified":"2025-03-19","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/#Person","name":"CONVONIX Antony","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/How-to-Calculate-Average-Quarterly-Balance.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/How-to-Calculate-Average-Quarterly-Balance.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/savings-account\/how-to-calculate-average-quarterly-balance\/","about":["Savings Account"],"wordCount":1101,"articleBody":"You deposit some money into your savings account at the start of the month. A few weeks later, you withdraw some for a bill or an unexpected expense. By the end of the quarter, your balance has gone up and down quite a bit. This often leaves account holders wondering \u2014 does this affect the minimum balance requirements set by the bank?That\u2019s where Average Quarterly Balance (AQB) comes into play. If you\u2019re not sure what it means or how banks calculate it, don\u2019t worry. Once you understand the basics, you\u2019ll know exactly how to manage your savings account and avoid unnecessary penalties. Let\u2019s break it down into simple terms.What is Average Quarterly Balance (AQB)?At its core, Average Quarterly Balance \u2014 or AQB \u2014 is the average amount you need to keep in your savings account over a three-month period.Banks use this metric to make sure account holders are actively using their accounts, while also maintaining a basic level of funds. Unlike a daily minimum balance, AQB doesn\u2019t focus on individual days. Instead, it looks at how your balance adds up across the entire quarter. That means your account could dip below the required amount for a few days \u2014 as long as you recover and balance it out later, you\u2019re still in good shape.It\u2019s essentially a way for banks to ensure that customers are maintaining a healthy savings habit without constant pressure.Also Read: Everything You Need to Know About Savings Account Average Monthly BalanceHow to Calculate Average Quarterly Balance (AQB)?Thankfully, calculating AQB is quite straightforward. Here\u2019s the process:Step 1: Add up the closing balance of your savings account for each day in the quarter.Step 2: Divide that total by the number of days in the quarter.That\u2019s your AQB.Example: Let\u2019s say the bank is tracking AQB from January to March, which is a 90-day period. If the total of all your daily closing balances across these 90 days adds up to \u20b99,00,000, your AQB would be: AQB = \u20b99,00,000 \u00f7 90 = \u20b910,000 In this case, you maintained an average balance of \u20b910,000 for the quarter \u2014 which is right on target if \u20b910,000 is the required AQB for your account type.Things to Know About AQBIf you want to stay ahead and avoid any surprises, here are some important points to keep in mind about AQB:The bank tracks your balance for the entire quarter. Even if your account dips below the required level for a few days, you still have time to make up for it before the quarter ends.Non-maintenance fees apply if you miss the mark. When the average falls below the required level, most banks apply a penalty \u2014 though the exact fee varies based on your account type and the shortfall.Every bank has its own AQB rules. Premium savings accounts might have higher AQB requirements, while basic accounts may have lower limits. It\u2019s worth checking the specifics for your account.All balances count. Even small amounts sitting in your account contribute to the average, so every rupee helps maintain your AQB.Wondering what happens if you regularly fall short? Repeatedly missing the AQB could lead to additional charges or even account restrictions in some cases.Also Read: The Importance of Maintaining a Minimum Balance in Your Savings AccountLooking for Hassle-Free Banking? Choose a Zero-Balance Savings AccountIf keeping track of your AQB feels like too much effort, there\u2019s an easy solution \u2014 IndusInd Bank INDIE Savings Account.This zero-balance savings account comes with no minimum balance requirement, meaning you can use your funds freely without worrying penalties for falling short. Whether you\u2019re a student, a young professional, or someone who prefers flexibility, this account lets you bank without balance stress.Along with the freedom of a zero-balance savings account, the IndusInd Bank INDIE Savings Account also offers convenient digital banking service, attractive rate of interest, discounts and offers on top brands. It\u2019s designed to offer the flexibility modern customers want, with all the benefits of a trusted savings accountWrapping Up!Average Quarterly Balance may sound technical at first, but once you break it down, it\u2019s just a simple way to manage your savings account responsibly. By staying aware of your balance trends, you can easily avoid penalties and make sure your account benefits stay intact. And if you prefer a savings account with no minimum balance requirement, the IndusInd Bank INDIE Savings Account could be just what you need. Whether you want flexibility or structure, understanding AQB helps you make informed choices about your money \u2014 and that\u2019s always a good thing.Share This:"}