Bank Account Tips- Do this before closing the bank account, otherwise, you may suffer a loss

If we talk about today's scenario, everyone has a bank account, but today in the digital age, security and management of bank accounts are very important, the government has encouraged the opening of bank accounts through initiatives such as the Jan Dhan Yojana, and many people now hold multiple accounts, including salary and savings accounts.

Avoiding closure charges: Banks often charge a fee for closing an account. To avoid this fee, make sure you close the account only after it has been open for at least a year.

Fees-free closure period: If you have recently opened an account and decide to close it, take advantage of the 14-day grace period offered by most banks.

Cash withdrawal limits: While closing a bank account, you can withdraw up to Rs 20,000 in cash. If the balance in your account exceeds this amount, the excess funds (over and above Rs 20,000) will be transferred to another bank account in your name.