Do not make these 4 mistakes otherwise your bank account will be closed.

Do not make these 4 mistakes otherwise your bank account will be closed: Know Today!

News Bank Account: This news is for you if you are also a bank account holder. In fact, in today's news we are going to tell you about four such mistakes, if committed, your bank account will be closed. Let us discuss in the post in details below:

Today almost every person has his own bank account. Many people have more than one bank account. People keep their hard-earned money in bank accounts, so that they can use it when needed. Opening a bank account provides many other facilities, such as internet banking, check book and debit card. This can be a current account, zero balance account or a bank account.

It always comes across that many people not use their bank account. Perhaps you do not know that due to some of our mistakes, the bank account may be closed. Therefore, it is important to keep some things in mind after opening a bank account. So let us tell you about it. In this post, you can know the possible reasons for bank account closure.

If no business has been done in two years

The bank will list your zero balance, savings or current accounts as inoperative bank accounts if you have not made any transactions in the last two years. At the same time, such bank accounts become inoperative when they become inactive.

On receiving of money without Proof

Imagine if a huge sum of money suddenly comes into your bank account. For example, if Rs 1 crore comes to your account and you do not have proof of this money, then in such a situation your bank account gets fridge or closed and the Income Tax Department investigates such case.

In case of no KYC

It is mandatory for every customer to do KYC in every bank. Moreover, as per the RBI rules, the account holder will have to update KYC once in three years. But if a customer does not do so, the bank will close your account.

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In case of suspicious communication

If suspicious payments start coming from an account holder's bank account, suddenly a lot of money starts coming from abroad, a lot of things are purchased abroad etc. So even in such a scenario the bank has right to closes the account. However, the bank account is reopened once the case is confirmed and communicated correctly.