Multiple Bank Accounts: Nowadays it is necessary for all of us to have an account in the bank.
Due to having an account in the bank, people get many special benefits, but today we tell you a special thing related to the bank account. If you also have more than one bank account and you are not using them, then you may have to suffer heavy losses. Let me tell you how-
If you have more than one account, you have to face many types of financial loss. Experts also recommend keeping a single account for investment and ITR.
If you have more than one account, then you have to pay many charges including maintenance charges, credit and debit card charges, service charges. So if you keep an account in only one bank, then you will have to pay the charges of only one bank.
Apart from this, the possibility of fraud with you also increases. If you do not do transaction from your account then that account will become inactive. Apart from this, later this account turns into inoperative.
Apart from this, minimum balance charge also has to be paid which is very high. The minimum balance in many banks is 5000 and in many banks it is 10,000. If you keep the balance less than this, then you have to pay penalty, which directly affects your CIBIL score.
So you close your unnecessary accounts, so that you do not have to face such trouble. Let us tell you that to close the account, you have to fill a D-Link form. You get the account closure form from the branch of the bank, after filling and submitting your account gets closed.
