Do Fixed Deposits fulfill QAB condition?

[Walter White]

Does FD count under total MAB/QAB requirements of a bank?

 

[skvignesh]

Does FD count under total MAB/QAB requirements of a bank?

Yes but check the details of account varient..

For eg one axis account consider 3L FD min 6 months , another variant not..

In few HDFC savings you can maintain FD of certain amount to fulfill MAB...

 

[punrziq]

Amount of fd required to fulfill Q/MAB is higher than balance required. For example 1L mab or 20L fd in indusind exclusive account.

 

[Walter White]

Was thinking to open a premium account at a public sector bank (most likely BoB) and considering to open a FD as interest rates offered are good and in the hope QAB issues are addressed as well.

 

[Tarun239]

yup like for axis burgundy account, one can do that

 

[Wealth is my birth right!]

Does FD count under total MAB/QAB requirements of a bank?

Not directly proportional
Ex HDFC Bank savings max account min bal 25k but fd required 1.5l
Similarly axis burgundy 10l balance or 30l fd

 

[pgarg24]

Fd requirement is mostly 5x times saving account mab(generally).. you can download the terms and condition or account charges for account varients on banks website.

 

[FinGuru]

Does FD count under total MAB/QAB requirements of a bank?

Ceteris paribus, no. You need account balance to maintain MAB. However, there are some account variants that explicitly allow keeping FDs in lieu of account balance.

 

[EINSTEIN]

Does FD count under total MAB/QAB requirements of a bank?

No, it is counted in TRV. Most accounts variants give you a choice between Average Balance and Relationship Value, but TRV is always higher, for example instead of 10L balance you will need 30L FD in burgundy, pioneer & imperia etc