Yes, you can generally open more than one account in the same bank. Most Indian banks allow customers to maintain multiple accounts, such as a combination of savings, current, or fixed deposit accounts, to help manage different financial needs.
However, certain restrictions apply:
- As per RBI guidelines, an individual is eligible for only one Basic Savings Bank Deposit Account (BSBDA) in one bank.
- Banks may have internal policies regarding the number of similar account types (like multiple regular savings accounts) one person can hold.
- Each account must independently satisfy the bank's minimum average balance requirements.