Yes, you can open multiple accounts in the same bank. Banks generally allow customers to hold different types of accounts, such as a savings account and a current account, or even multiple savings accounts for different financial goals.
Key considerations include:
- Each account will have a unique account number but can be linked to the same customer ID.
- You must meet the minimum balance requirements for each account to avoid non-maintenance charges.
- Multiple accounts can help in better budgeting and tracking expenses separately.