There has been some confusion regarding the number of bank accounts one can open and potential penalties for having multiple accounts.
Recent viral messages on social media suggested that the Reserve Bank of India (RBI) had imposed new guidelines penalizing individuals with more than one bank account. Here’s what the government has clarified:
Government’s Clarification
Source of Information: Press Information Bureau (PIB), the official press agency of the Government of India.
Viral Message: The message falsely claimed that RBI had issued new guidelines imposing penalties on individuals with multiple bank accounts.
Reality Check
No New Guidelines: PIB confirmed that RBI has not issued any such guidelines or penalties related to having more than one bank account.
Fake News Alert: The PIB urged people to be cautious of misinformation and assured that no new regulations regarding bank account limits or penalties exist.
How to Verify Information
If you come across suspicious or misleading news regarding government policies or banking regulations, you can verify it through PIB’s Fact Check services:
WhatsApp: Send screenshots or URLs to +91 8799711259
Email: Factcheck@pib.gov.in
Stay informed and avoid falling for misinformation by relying on official sources for updates on banking regulations.
