Bank Account: Those having more than one bank account may suffer a big loss...
At present, almost everyone has a bank account. At the same time, it is often seen that a person has more than one bank account. Since banking services have been digitalized, opening a bank account has become easier than before.
This is the reason why people now have more than one account in different banks. Although you may have more than one bank account, you may have to face some losses due to this. In such a situation, let us understand what losses we may have to face if we have more than one bank account.
Minimum balance problem
The biggest problem that arises when you have more than one bank account is that of maintaining minimum balance. Most banks make a rule for their customers to maintain a minimum balance in the account. This minimum balance may vary from bank to bank. Even in some banks the minimum balance is up to Rs 10,000. The bank can also impose some penalty on you for not maintaining minimum balance. In such a situation, if you have many accounts, you may face problem in maintaining minimum balance in different bank accounts.
Apart from this, if you have more than one bank account, there is a risk of fraud with you. The biggest reason for this is that having more than one bank account makes it difficult to manage the information about all of them. In such a situation, your personal banking information can also be easily leaked.
Bank account becomes invalid
If you have more than one bank account, there is a risk of them becoming invalid. If you are not using your bank account for a long time then your bank account will also become invalid. In such a situation, you will have to pay some charges to restart your bank account.
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