Do you know how many bank accounts one can have? Note this folks..
Do you know how many bank accounts one can have? Note this folks..How many bank accounts can each indian have? Be sure to read this if you have multiple accounts.In today's age, having a bank account is essential for carrying out transactions. people data-face difficulties in making large transactions without a bank account. At the same time, there are also holders of more than one bank account. These bank accounts are opened on different occasions. But then it becomes difficult to maintain them. In such a situation, see how many bank accounts an indian can have. Many types of bank accounts can be opened in the country. These include Savings bank Account, Current bank Account, and Salary bank Account. Each bank account has its significance. In such a situation, you can open a convenient bank account to fulfill your objectives. However, there is doubt among people about how many bank accounts should be opened. A person can open any number of bank accounts in India. There is no limit to the number of bank accounts that can be opened. No bank sets any limit on how many bank accounts you should have. However, people are advised to keep fewer bank accounts as it is difficult to maintain more accounts. Banks have fixed amounts i.e. minimum balance in the bank account. Penalties may also be levied if the prescribed minimum balance is not maintained in the bank accounts. Apart from this, banks also levy various charges on people. It also includes an SMS facility on mobile, ATM payment, etc. If a bank account is not used, these charges will be deducted from your account. In such a situation, it is better to have fewer bank accounts