Saving Bank Account कितने रख सकते है | Disadvantages of multiple Saving bank accounts

How many saving account do you have so that how will not get any Income tax department notice. Discussion on disadvantages of multiple account in Banks. How to save 25000 INR per year.

#MultipleSavingAccount #Disadvantagesofmultiplesavingaccount

How many savings accounts can i have at one bank?
Feartures questions :
Disadvantage of multiple account
Maintaining minimum balance - money gets locked and not available for self use (some bank ask for 10-25K as AMB)
Loss of earning higher interest rate opportunity in FD or other investment option (4% saving interest vs 8-10%)
Debit cards changes and SMS Changes
Penalty in case of non maintaining minimum balance – sometime bank change rule and charge penalty.
Salary account with zero balance change to normal account after 3 months if no salary credit – attract penalty and Danger to CIBIL rating
Account going into inactive mode/Dormant account then hassle to make it active
Filling income tax return will be cumbersome
can i have two bank accounts with the same bank
What to do – way forward
Always maintain one permanent account in Gov Bank – low MAB
Link all your home load EMI, ECS PF account to this account

Open FD without saving account if service available
In case not possible then open A/c without debit card if purpose is only FD (high interest rate)
Close A/c as soon as FD purpose is done

Close a/c after change in job
With UAN – you don’t have to change A/c in PF every time
Maintaining two account is fine.

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