What happens If mab is not maintained in private bank account

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Deal Cadet
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Will it show up as debit and cibil report as such ?

If one has taken a credit card will it show up as bill?

Ot the account if kept non operational will be blocked

Also rbi guideline in these matter https://rbidocs.rbi.org.in/rdocs/notification/P...

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billubakra wrote:

+ @guest_999
MAB won’t impact credit score

Can the mab amount be levied upon in as credit card bill if the credit card is from same bank and linked?

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demerius2020 wrote:

Can the mab amount be levied upon in as credit card bill if the credit card is from same bank and linked?

MAB has nothing to do with cibil score except when acc in question is current acc with overdraft facility which is a kind of short term loan & which can be used by bank to charge for MAB even if current acc balance is zero so if you don’t clear it then it is equivalent to a loan default.

Even if no relation with cibil, bank will likely place a customer having MAB issue in some non-priority/least preferred category for issuing any new credit card or enhance the limit of existing credit card from same bank.

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demerius2020 wrote:

Can the mab amount be levied upon in as credit card bill if the credit card is from same bank and linked?

No

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Though you’ll not face any trouble for abandoning an account and wait it to be become dormant, It is advised that you don’t do it with big banks like icici or hdfc. Cause no one knows whether you’ll require their service in future or not(like job change-salary account or new credit card). And they may deny servicing you stating that you have bad record in their system.

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ZNZ wrote:

Though you’ll not face any trouble for abandoning an account and wait it to be become dormant, It is advised that you don’t do it with big banks like icici or hdfc. Cause no one knows whether you’ll require their service in future or not(like job change-salary account or new credit card). And they may deny servicing you stating that you have bad record in their system.

Super happy with sbi for salary a/c
Super happy with amex for credit cards

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MAB and cibil score are two separate entities so don’t worry about that.
MAB = Money which you have in savings.
Credit Card = Loan which you take from your bank
So there is no connection between them grinning
#AA_JJ sunglasses

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MrKool_JJ wrote:

MAB and cibil score are two separate entities so don’t worry about that.
MAB = Money which you have in savings.
Credit Card = Loan which you take from your bank
So there is no connection between them grinning
#AA_JJ sunglasses

See my above post, there is a connection if the acc in question is a current acc. smile

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guest_999 wrote:

See my above post, there is a connection if the acc in question is a current acc. smile

I was talking about savings biggrin

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demerius2020 wrote:

Can the mab amount be levied upon in as credit card bill if the credit card is from same bank and linked?

May i know which is this bank account?

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MrKool_JJ wrote:

May i know which is this bank account?

My guess: IDFC 25k MAB savings account sunglasses

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DimeDime wrote:

My guess: IDFC 25k MAB savings account sunglasses

No No They Have 4 Plans, 1k, 5k , 10k, 25k…

25k minimum balance plan has more benefits

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