You might think that you will get so much convenience as you have more accounts and you will get so much benefit. So you are thinking of what is wrong. The reality is vomit. The more you eat, the more harm you will get. Let's tell you for the damage that keeps on eating more than 2.
Maintenance fees and service charge
banks levy the maintenance fees and charges of the accounts every year from all their customers. You have to pay as little as you have to eat. Besides, if you have taken a debit or ATM card for all the accounts, you will have to pay the fee, which increases the cost. There is a lot more tension with more debit cards, remembering the password of each card.
Minimize Balance
If you have a savings account other than a Salary Account, you have to keep a minimum balance in all the accounts. However, the charge in each bank is different. In this case, if you keep a lot of money, you will have to maintain a minimum balance in the account.
That is why if you have fewer accounts and you can not do minimum balance maintenance, you will also feel a penalty.
Problems in Tax Filing Problems with
Multiple Bank Account Income Tax Filing. This is because you have to give all account information in return filing. In addition, multiple saving accounts are more pronounced in paper proceedings.
view detail gujarati
Maintenance fees and service charge
banks levy the maintenance fees and charges of the accounts every year from all their customers. You have to pay as little as you have to eat. Besides, if you have taken a debit or ATM card for all the accounts, you will have to pay the fee, which increases the cost. There is a lot more tension with more debit cards, remembering the password of each card.
Minimize Balance
If you have a savings account other than a Salary Account, you have to keep a minimum balance in all the accounts. However, the charge in each bank is different. In this case, if you keep a lot of money, you will have to maintain a minimum balance in the account.
That is why if you have fewer accounts and you can not do minimum balance maintenance, you will also feel a penalty.
Problems in Tax Filing Problems with
Multiple Bank Account Income Tax Filing. This is because you have to give all account information in return filing. In addition, multiple saving accounts are more pronounced in paper proceedings.
view detail gujarati
