In today’s world everyone has a bank account and we keep doing money transactions in it. But sometimes due to excess of accounts or lack of time, we are not able to do transactions in the accounts. In such a situation, many times our account gets closed and we have to bear the brunt of it. In such a situation, know the disadvantages of closing the account.
If you do not do any transaction in your account for two years, then your account becomes inactive from the side of the bank. In such a situation, you will have to go to the bank once again and get the account started.
If your account has not been active for two years and has become inactive, then you should activate the account. Otherwise, you do not get any interest on the money lying inside it. In such a situation, you have to bear its direct loss.