How many bank accounts can a person have

In India, there is no legal limit on the number of bank accounts an individual can hold. You can open multiple savings or current accounts across various banks based on your financial needs. While having multiple accounts helps in organizing goals and diversifying risks, it is important to consider the following:

• Maintaining the required Monthly Average Balance (MAB) in each account to avoid penalties.
• Managing multiple sets of login credentials and tracking various statements.
• Monitoring accounts regularly to prevent them from becoming dormant due to inactivity.