I'm 23 year old......I do have lots of bank accounts.....one is i used to handle rent,
And even now I handle insurance and House expense of my house. .....as my parents r not so interested in credit card.....it took me lots of efforts to get 4 cards for my dad........then I handle expenses of my friends
And I'm active investors and I apply IPOs in 7 different people.......so I created different accounts so I can sort it than spending hours segregation of transactions......it's was a lot of difficult task to do it.
So now, different account for different usage....I use khatabook , cashbook for maintaining of payments.....excel for credit card...and Leo to give detailed house expenses in each category statment to my parents.
Kotak ace- main account will be my salary account
Kotak 811 - need to close, no use now. I had given request but they didn't close it.
Jupiter - everyday normal spending.
Paytm and Airtel payments bank- need to close.
As I'm using Jupiter
Fi- spends for travel, group spending.
Equitas- used to send cash for my friends who r brother for regular expenses who was away from family.
No use...need to close soon.
DBS- one of old account.....kept it like this because after few years have plan to go to Singapore for studies. Now I keeping my investment profits in this
IDFC- for FD .... behalf of my parents when I handled rent income on behalf of my father.
ICICI - ipo and investment related ( I apply in my friends acc so I transfer to my friends, as transaction limit is very high). ELSE I WOULDN'T OPEN IT
HDFC, AXIS - linked with my various demat accounts. I hold huge trading. Reason they have huge transaction limit and my turnover of short term and long term run into tens of lakhs. So dfc told convert into current account... that's why I opened axis to split it.
BOB - initially took it for education loan. Now government bonds and above 1 lakh bonds. Investments in grip. Etc
IDBI- linked with my demat.... useless now as it's one of old account and now I opened axis and HDFC.
AU bank- opened just for LIT card and I didn't get even after 3rd application. Was rejected 1st time due to kyc and details mismatch in cibil. now I use to get cash from parents , as I handle all house and parents expenses, so I kept seperate account.
Fincare - don't know why I opened. My cousin forced me as he used to intern as sales there😂😂. Now I use to get cash and split bills from friends. I order a lot for my friends who r like my brother's using my HDFC swiggy, Amazon....so they send a lot of people, it will come to this....at least 100 transactions per month.
SBI- 2nd bank I opened and it's because of college hostel. They forced me. Have loan
Then I had SBM from vested. ..but I'm using vested a lot.
One through ind money, IND money for mistake. SBM through niyo global I guess
Requested for post office savings bank for there good insurance.
Give me guidence if I have to change any account and also to sort my accounts. If I get guidance and info it will be better
