You must have a bank account, even if it is a salary account. In today's time, people keep more than one bank account. While they spend on their daily needs from one account, on the other hand, they save in another account. When you open an account, you get many other facilities like ATM cards and internet banking, but many times people close their bank account due to some reasons. If you are also planning to close any of your bank accounts, then you should avoid making some mistakes. Otherwise, you may suffer loss. So let's know what are these things that you should keep in mind...
Keep these things in mind:-
If you also have a bank account and you are closing this account, then know that avoid closing the bank account within a year. If you close a bank account within a year, then you have to pay closing charges. Therefore, a bank account should be closed only after one year, so that no charge is levied.
If for some reason you have to close your account early, then some days are fixed for this. You can close your bank account within 14 days and you do not have to pay any closing charge for doing so. The bank gives 14 days time to its customers.
If you are closing any of your bank accounts, then obviously money will also be deposited in that bank account. In such a situation, if you have money in your bank account, then you are given cash up to Rs 20,000 only. Understand it like this if you have a deposit of up to Rs 20,000 in your bank account, then you can get cash.
Now if you are thinking that if there is more than Rs 20,000 deposited in your account, then how will you get the remaining money? So know that there is a system for this as well. What happens in this is that you have to give the information of any other bank account of yours in the bank and the bank transfers that money to that account of yours.
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