A wide range of banking operations available on apps has transformed the way people go about their money
Here are top five reasons why you should consider closing your old bank accounts

Ideally, a single savings bank account is all that you need.

Bank lockers aren’t entirely risk-free as there have been instances of bank lockers being robbed.

Online banking is safe as long as you are using it in a secure manner, otherwise you could be a victim of convenience. 

Create a household budget if you don’t have one already and maintain it to have a better grip on your finances.

Investing is different from saving because it involves a greater level of risk.

Company FDs look attractive with the higher returns but they are fraught with loopholes.

With bank deposit rates losing sheen, corporate fixed deposits and non-convertible debentures are finding more favour.

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