Bank Accounts: Everyone has a bank account for financial transactions. At the same time, some people open more than one account in the bank for business or any other work. If you also have more than one bank account, then this news is very important for you. Due to your small negligence, you may have to suffer a big financial loss. Let’s know in the news below –
Bank Accounts: In the digital age, everything has become online today. Even if you have to send money to someone or ask for money from someone, then there is no need to go to the bank. This work is done online sitting at home. For this, it is very important to have a bank account. Since the government has started the PM Jan Dhan Account Scheme, opening an account in the bank has become very easy. Many times people keep more than one account for business or any other work. If you also have more than one bank account, then you need to be careful. Your small mistake can cause a big loss.
If you have a single savings account, you can get many monetary benefits. Actually, you will not have to keep more than one debit card and will not have to pay the fee levied on them. On the other hand, if you keep more than one bank account, then you may have to suffer a lot.
Bank account rules –
Many rules related to bank accounts have been made by RBI and banks. Usually, minimum balance has to be maintained in all bank accounts. If you do not keep minimum balance in the account, then you may have to pay a penalty. Let us tell you that the limit of keeping minimum balance is different in different banks.
Cibil score will be bad –
Keeping more than one bank account and not keeping minimum balance in them causes financial loss. Along with this, your CIBIL score is also affected. Not maintaining the minimum balance in the account can lead to a downfall of the CIBIL score, due to which you may face difficulties in taking a loan in the future.
You will have to pay many service charges –
When you have multiple bank accounts, you have to pay various service charges, such as SMS alert service charges, Debit Card AMC etc. If you have a single savings account, you will have to pay once.
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