Average Quarterly Balance (AQB) is the average balance to be maintained in the account over a period of a quarter. Add the balance each day of the quarter and divide the sum by the number of days in that quarter.
320.51 A+
It depends on the bank and the types of facilities offered by your banker. Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card. Private banks require a minimum quarterly average balance of Rs. 2500 or above
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
Average daily balance method
To calculate the average mortgage balance, you would add up the total amount owed on all mortgages and then divide that sum by the number of mortgages. This gives you the average balance owed per mortgage.
average quarterly deposit
It depends on the type of account you have. For ex:For a regular savings account you need a quarterly minimum balance of Rs. 10000/-For a Salary account - it is '0'For a Savings account with a Gold Debit card - it is Rs. 50000/- quarterly balanceEtc.
8 percent compounded quarterly is equivalent to approx 36% annually. At that rate, after 3 years the ending balance would be 1762.72 approx.
$160 quarterly
Balance sheet What you'll need is two quarterly balance sheet Example Balance sheet from 2008 and one from 2009 to get the average liabilities you'll take total liabilities from 2008 add it to 2009 total liabilities and divide both by two example 2008 total liabilities = 8 2009 total liabilities = 10 Average liabilities = 8 + 10 = 18 18 / 2 = 9 You will do the same with assets. Usually the average is provided for you in a the problem.
Quarterly is an adjective (quarterly bills) and an adverb (paid quarterly).
320.51 A+
It depends on the bank and the types of facilities offered by your banker. Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card. Private banks require a minimum quarterly average balance of Rs. 2500 or above
The Quarterly was created in 1987.
The Quarterly ended in 1995.
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
Average daily balance method