How many bank accounts can i 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 different banks based on your financial needs. However, managing too many accounts can be challenging. Key considerations include:

• Maintaining the minimum average balance required by each bank to avoid penalties.
• Monitoring multiple statements and tracking various debit card or SMS alert charges.
• Ensuring accounts remain active, as those unused for over two years may become dormant.

Most experts recommend holding two to four accounts to effectively balance savings, expenses, and investments.