My employer will not change my salary account, and e-NACH is active for my loans. What should I do?

Created by Ishrath Ahamed, Modified on Mon, 23 Sep, 2024 at 1:41 PM by Ishrath Ahamed

We advise not to use the same bank account for your salary and your debt accounts. With e-NACH linked to your salary account, automatic deductions for overdue payments will occur as soon as your salary is credited, leaving you with minimal funds for living expenses. It is best to open a separate account for your salary where you can manage your savings for your escrow account.

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