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. 

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