Banking

Can we open two accounts in same bank

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.

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