Banking System: It is very important for people to have a bank account for financial transactions. At the same time, people are also seen having more than one bank account. However, how many bank accounts should people keep in the country? Let us know about it…
Bank Account Open: In today’s era, it is very important to have a bank account to conduct transactions. People may face difficulties in doing big transactions without a bank account. At the same time, there are some people who have more than one bank account. These bank accounts are opened on different occasions, but later it becomes difficult to maintain them. In such a situation, today we are going to tell you how many bank accounts an Indian can keep. And what are its advantages and disadvantages.
Rules for opening bank account
Many types of bank accounts can be opened in the country. These include savings bank account, current bank account and salaried bank account. Every bank account has its own importance. In such a situation, you can open a convenient bank account to fulfill your objectives. However, there remains doubt among people regarding how many bank accounts should be opened.
How many bank accounts can be opened?
Let us tell you that a person can open any number of bank accounts in India. There is no limit on the number of opening bank accounts. There is no limit set by any bank on how many bank accounts you should have. However, it is advised that people should have fewer bank accounts as it becomes difficult to maintain more accounts.
Disadvantages of having more bank accounts
Actually, the amount prescribed by the banks i.e. minimum balance must be there in the bank account. If the prescribed minimum amount is not maintained in the bank accounts, a penalty can also be imposed. Apart from this, different charges are also imposed on people by banks. These also include SMS facility on mobile, ATM charges etc. If the bank account is not being used then these charges will be deducted from your account. In such a situation, it is advisable to keep fewer bank accounts.
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