Bank Account: People with more than one bank account may face problems, know how
Nowadays everyone has a bank account. But some people keep more than one bank account. If you use more than one bank account, then let us tell you that you can get into big trouble. Let us know what are the major dangers of having more than one bank account:
The Kalamkar News: Nowadays almost everyone has a bank account. At the same time, many times a person has more than one bank account. Since the digitization of banking services, opening a bank account has become easier than ever.
This is why today people have more than one account in multiple banks. If you have more than one bank account, it may cause some loss to you. In such a situation, let us understand what harm can happen from having more than one bank account.
minimum balance problem
The biggest challenge is having more than one bank account. Most banks have made rules for their customers to maintain minimum balance in their accounts.
This minimum balance may be different in different banks. Minimum balance is up to Rs 10,000 in some banks also. If you do not have the minimum balance, the bank may impose some penalty on you. This is why if you have multiple bank accounts, you may face problems in maintaining the minimum balance.
Having more than one bank account increases the risk of fraud. The biggest reason for this is that having multiple bank accounts makes it very difficult to control all their information. Even in such a situation, your personal banking information can be stolen.
no bank account
Having more than one bank account also poses a risk of 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.