Multiple Bank Accounts: If you are also going to open an account in the bank, then there is big news for you. Big information has been given to crores of customers by the Reserve Bank. Let us tell you that many times we get more than one account opened, but do you know that if you have also opened more than one account then you can suffer huge loss. Let’s know what are the rules of Reserve Bank-
RBI has not issued any limit, let us tell you that no limit has been fixed by the Reserve Bank for opening the account. The customer can open 2, 4 or 5 any number of accounts. No limit has been issued by RBI.
There are many problems in keeping multiple accounts. Along with opening a bank account, you have to maintain its minimum balance. Apart from this, you have to manage many other types of facilities.
If you keep more than one account, then you have to pay many charges including its maintenance charge, credit and debit card charges, service charge . So if you keep an account in only one bank, then you will have to pay the charges of only one bank.
Sometimes the penalty has to be paid, the minimum balance in many banks is 5000 and in many banks it is 10,000. If you keep the balance less than this, then you have to pay penalty, which directly affects your CIBIL score.
You have to fill the form RBI has told that you should close your unnecessary accounts, so that you do not have to face such trouble. Let us tell you that to close the account, you have to fill a D-Link form. You get the account closure form from the branch of the bank, after filling it and submitting your account gets closed.
