Saving Account: A person cannot open so many accounts in a bank, RBI has told the limit

rbi news

In today's time, almost everyone has a bank account. To take advantage of many schemes of the central and state governments, it is necessary to have a bank account. Bank accounts can also be opened for children. But do you know how many bank accounts can be opened in your name? RBI has recently issued an alert. In which it has been told how many bank accounts can be in the name of a person. (Saving Account)

Open a bank account according to your needs

People have the option of opening a bank account as per their needs. This includes a current account, salary account, joint account or savings account. Talking about the primary bank account, it is a savings account.

Which most people open. Because in this you also get interest on the deposited amount. People who have more transactions choose the option of current account. In which most of the business people are included.

Salary account is for salaried people. In which you do not need to maintain minimum balance. It is a zero balance account. You can open a joint account with any other person like your spouse or your children, parents.

Who can open how many accounts?

It is not fixed how many bank accounts a person can open in India. There is no limit for this. Any person can open as many bank accounts as he wishes and needs.

RBI has not set any limit. You have to take care of all the bank accounts you open. You have to manage all the accounts according to the option you choose.

If you want, you can open savings or other accounts with different banks. But for this you will have to follow all the rules of banking.


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