While doing transactions in banks or while opening an account in any bank, the question must have come in your mind that how many bank accounts we can open maximum? In this article, we will know that is there any limit for opening a bank account in the country? Or the maximum number of bank accounts you can open in India?
Most people have 3 to 4 savings accounts, while some people keep accounts in more banks than this. There is no limit to open a bank account in India. Reserve Bank of India is the central bank of India and it sets the rules for all other banks. The Reserve Bank has not fixed any limit on the number of bank accounts. You can open as many bank accounts as you want.
Manage multiple accounts like this
If you want to open your account in multiple banks, then you can manage it easily. For this, you have to keep the transactions going on from your accounts. If you are not active for a long time, the bank can close your account. That’s why you have to keep using all your accounts. However, there are several things you need to keep in mind while opening multiple bank accounts.
Minimum balance has to be maintained At present, it has been made mandatory in almost all the banks to maintain the minimum balance in the savings account except the salary account. This means that you always have to keep a minimum balance in your bank account.
If you do not do this then the charge will be deducted from your bank account. If you do not maintain the minimum account even after deducting the charge, then your bank account goes negative. In such a situation, you will need to be careful about the minimum balance. In this way you can manage bank account.
Banks get benefits from more accounts Banks get a lot of benefits from more accounts. Every bank charges an amount every month for sending messages. You also have to pay a cost for maintaining the bank account. At the same time, an annual fee has to be paid for the debit card of the bank. In such a situation, you should open as many bank accounts as you need.
