Average Quarterly Balance is abbreviated as AQB. It is the average balance to be maintained in the account over a period of a quarter. It is the sum of the end of day balance in the account for each day in the quarter, divided by the number of days in the quarter. AQB differs for various banks and various accounts. Use this online financial Average Quarterly Balance Calculator to estimate the average quarterly balance (AQB) based on the inputs known.
What would be the AQB if the first month EOD closing balance is Rs.1500, 2nd month EOD closing balance is Rs.2500 and 3rd month EOD closing balance is Rs.4000.
Average Quarterly Balance = (1500 + 2500 + 4000) / 91