If you look from cities to rural areas, you will see that almost everyone has a bank account. People keep their hard-earned money in this. Opening a bank account has its advantages too, 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 not 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 be at a loss. So let's know what things should be taken care of before closing the bank account...
Do not get closed before one year
If you have opened a bank account and you are thinking of closing it immediately for any reason, then avoid doing so. If you do so, you may have to pay closing charges. Therefore, if you want, you can get the account closed after one year.
However, if you want to close your account, the bank gives you 14 days from the date of opening the account. If you close your bank account within this period, then you do not have to pay any charges.
At the same time, also know that if you are getting your bank account closed and more than Rs 20,000 is deposited in that account. So in such a situation, the account holder gets only Rs 20,000 in cash.
The bank transfers the remaining money in the account of the account holder to his other account. For this, the bank takes the information of your other bank account from you.
(PC: Freepik)
