19 June 2019

5 reasons why you should have more than one savings bank account

5 reasons why you should have more than one savings bank account
Here are 5 reasons why you should have more than one savings bank account

The savings bank account is very much in the modern era.  Having more than one savings bank account can help you a lot.  This will help to cover your immediate needs and emergency expenses.  Here are some of the reasons you have a Savings Bank account but there are more than one Savings Bank account.

Changes to current conditions.
 When a person begins a savings bank account with their employer or the chosen bank or a bank branch near the ninnan.ennal tamasasthalattin their job, if tired of your old workplace sakaryapradamayirikkukayilla.putiya bank transactions, transactions conducted in another area bankumayittan  Ntil the minimum balance to maintain.
For a bank account that you have opened at a branch near your residence, you may need to transfer to a nearby branch if the bank has moved to a location where it has little presence.  In these cases, having an alternative savings account can be very useful.
5 reasons why you should have more than one savings bank account
High rates.
 You just have to look at a bank chosen by the circumstances above, you nastamayekkum.udaharanattin more bank charge, if you have sambala HDFC bank account, and you know you will be charged a fee for ATM withdrawals a month, HDFC Bank ATM 5  Ikkanam, however, allows the bank to withdraw money free of charge Unlimited

Protecting your wealth.
 Deposit Insurance Credit Guarantee Corporation (DIGC) is only insured upto Rs 1 lakh for deposits in savings and fixed deposits in banks in India.  If a person has more than one bank account in the same bank, all of them will be treated as a single account but if they are kept in different banks, each account can be secured up to Rs 1 lakh.
If banks impose unexpected financial constraints.
 The Reserve Bank of India (RBI) had imposed financial controls on its co-operative bank Sivajirao Bhosale Co-operative Bank Limited in Pune in May.  Savings and current account holders can withdraw only Rs 1,000 at a time, and the bank is not allowed to accept the application for new loans.
5 reasons why you should have more than one savings bank account
 Similarly, in 2017, compose the Mumbai-based co-operative bank, the central bank made the controls, it is only Rs 3,000 consumers in six months to lift the kalinnullu.itupealeyulla the circumstances of a public sector bank or a savings and non-trusted banking brand, such as the post office to avoid  The account is choosing the best

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