If More than one old bank account is running in your name, in which you are not transacting money, then you should be alerted. It is better that you shut down such bank account. Otherwise, apart from loss of money, you may also have to face many other problems. Let us know what problem can be caused by not closing the old bank account.
1. Banks deduct charge
If you have changed the job and the new company has opened your salary account in another bank, then your old salary account will be converted into a savings account in 3 to 6 months. You have to keep a minimum balance in a savings account. If you do not maintain a minimum balance in the account, then the bank starts cutting money from your account. If there is no money in the account, your balance goes into negative and your relationship with the bank may deteriorate. If you want to open an account again in this bank, then you will not be able to open a new account without closing the old account.
2. Tension of minimum balance
There will be a loss of money in maintaining many bank accounts, it is necessary to keep the average minimum balance in most bank accounts. If you are maintaining three to four bank accounts, then you have to keep a minimum balance in these accounts. In such a situation, you will lose money. You can get most interesting by applying this money to FD and elsewhere.
3. Danger of fraud and misuse
Inactive accounts are threatened with hacking and fraud as hackers easily take all your information. You do not even know this and wrong transactions are done in your name. Not only this, you are made a victim of fraud. Therefore, the old account that you are not using should be closed as soon as possible.
4. Bad effect on credit score
The passive bank account has a bad effect on the credit score. Therefore, the non -used account should be closed as soon as possible.
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