Bank Account Tips: Keep these 4 things in mind while closing your bank account, otherwise you will incur losses...
Opening a bank account also has many benefits, because by opening an account here you get an ATM from which you can withdraw money whenever you want. Apart from this, you get facilities like a check book and internet banking for making payments, etc.
On the other hand, many people have more than one bank account, which they close when they are no longer needed. In such a situation, if you are also getting any of your bank accounts closed, then you must know some things. Otherwise, you may suffer loss. So let us know what things should be kept in mind before closing a bank account.
Do not get it closed before one year
If you have opened a bank account and you are thinking of closing it immediately for some reason, then avoid doing so. If you do this, you may have to pay closing charges. Therefore, if you wish, you can close the account after one year.
However, if you want to close your account, the bank gives you 14 days from the time of opening the account for this. If you close your bank account within this period, you do not have to pay any charges.
At the same time, also know that if you are closing any of your bank accounts and have more than Rs 20 thousand deposited in that account. So in such a situation, the account holder gets only Rs 20 thousand in cash.
The bank transfers the remaining money in the account holder's account to his other account. For this, the bank takes information from you about your other bank accounts.
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