There are many people in India who have more than one bank account. In such a situation, the news that if you have more than one bank account then you will have to pay a fine can trouble people. Especially those who work in private companies. In fact, most of the people working in private companies have more than one bank account.

This is because as soon as you switch companies, the company opens your salary account in the bank with which it has a tie-up. In this way, some people end up opening accounts in not just two but 4 or 5 banks. Let us now know what is the truth behind this claim.

First know what the claim is

Recently a post is going viral on social media, in which it is claimed that if you have more than one bank account, then you can be fined. In this claim, referring to former RBI Governor Shaktikanta Das, it has been said that RBI has issued a new guideline, under which if a person has two bank accounts, then a heavy penalty will be imposed on him. Let us now know the truth of the claim.

what is the truth

PIB has done a fact check on this claim. Press Information Bureau on Sunday declared this claim as fake. PIB wrote that some articles are spreading the misconception that if you have two bank accounts, you will be fined. Whereas, RBI has not issued any such guideline. That is, this claim is completely fake. PIB said that you should avoid such news and rumours.

How many bank accounts can a person have?

The number of bank accounts a person can have in India is not fixed. That is, there is no limit on the number of bank accounts a person can open in India. You can open as many bank accounts as you want and need. RBI has not set any limit for this. However, the more bank accounts you open, the more you have to take care of them all. That is, you have to keep a fixed amount in them. If you do not do this, it can affect your CIBIL score.