How many bank accounts can a person open, know the rules of RBI..

Nowadays almost everyone has a bank account. To avail the benefits of many schemes of the Central and State Government, 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 is told how many bank accounts a person can have in his name.

Open bank account as per your need
People have the option to open a bank account as per their need. Which includes current account, salary account, joint account or savings account. Talking about primary bank account, it is a savings account, which is opened by most of the people. With this you also get interest on the deposited amount. People who have more transactions opt for current account. In which most of the business people are involved. Salary account is for salaried people. In which you do not need to maintain minimum balance. This is a zero-balance account. You can open a joint account with someone else like your spouse or your child or parent.

Who can open how many accounts?
There is no fixed number of how many bank accounts a person can open in India. There is no fixed limit for this. Any person can open any number of bank accounts as per his wish and requirement. RBI has not set any limit. The more bank accounts you open, the more you will have to take care of them. As such, you will have to manage all the accounts as per the option you choose. If you wish, you can open savings or other accounts in different banks. But for this you will have to follow all the rules of banking.