Bank Account: How many bank accounts can a normal person have? Know what the rule says!
Photo Credit: lokmat.news18
In today's time, it is very important to have a bank account for financial transactions. A bank account facilitates your financial transactions. Along with this, it also protects the savings of the people. For this reason, it is necessary to have at least one bank account. But there are many people who have more than one bank account. How many bank accounts can a person open at such a time? After all, what is the rule of the government regarding this? We are going to tell you about this.
Banks offer several types of bank accounts. These include savings accounts, current accounts, salary accounts, and joint accounts. A savings account is the main account of the people. This is usually where people open a savings account and this account is the primary bank account for most people. Interest is also earned on this account.
Photo Credit: India Today
whereas the current account is opened by those people who do business and their transactions are very high. Along with this, those who get a salary every month, open a salary account. These accounts also have many different benefits and do not require maintaining a minimum balance after regular pay. It can also be a temporary account that you can consider closing when you change jobs.
Number of bank accounts
A joint account can be a joint account between a husband and wife. There are many advantages of this account as well. On the other hand, there is no limit on the number of bank accounts a person can have in India. People can open more than one bank account according to their needs.