Bank account limit: Today everyone has a bank account and many facilities are available including making online payments. According to RBI rules, often people open a second account despite already having an account in the bank, which can cause them many problems in the future. How many bank accounts has RBI allowed to open.
Bank account limit: Generally, all the work related to online payment is done from one account, but some people keep more than one bank account. RBI has made some rules regarding bank accounts, which is very important for you to know. Know the RBI rules for opening more than one bank account.
Accounts are opened for these works
Nowadays everyone has one or more bank accounts (RBI Rules for Bank Accounts). Some people open it to save, some for daily expenses and some to get government benefits. Now bank accounts are opened even for children, so that government assistance can go directly to their account (RBI guidelines for bank accounts). But do you know how many bank accounts a person can open? The Reserve Bank of India has made a specific rule on this.
Classification of bank accounts
Most bank accounts are of four types. First, there is a bank savings account for safekeeping and depositing money. This account comes first and is used as a primary account. Second, current account, which is mainly used for sales. Third, salary account, also known as zero balance account, does not require minimum balance. Fourth, a joint account, which is run by two or more persons, can be in both savings and current types.
Which account remains the best?
People open a savings account (Multiple accounts news) to keep savings safe, in which the bank gives interest on the amount deposited. This benefit depends on the policy of the bank; some banks give profit after month, some every three or six months and some every year. On the other hand, businessmen open a separate account for their sales, and employees use a separate account for their salary. This is called the benefits of salary account.
Limit on opening a bank account
The RBI (Reserve Bank of India) has not imposed any limit on how many accounts a person can open. But more bank accounts need to be managed properly. If you open too many accounts and do not use them, the bank can charge you. To avoid unnecessary charges, it would be good if you keep an eye on the status of all your accounts (bank account ki limit). You also have to take care of rules like minimum balance in them. If you have more accounts, your expenses can increase, so if one account is right for your needs then adopt it.
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