How many bank accounts should i have

The number of bank accounts you should have depends on your financial goals, but most experts recommend 2 to 4 accounts. At a minimum, Indian users should maintain:

• One Savings Account for an emergency fund and long-term goals.
• One Checking or Savings Account for monthly bills and daily expenses.

Additional accounts can help separate business income or track specific goals like a house or vacation. In India, having accounts at different banks can also maximize DICGC insurance, which covers deposits up to ₹5 lakhs per bank.