Delhi, May 05: If you have multiple bank accounts in the same name, if suspicious transactions are found, a fine of ₹10,000 will be imposed. The Reserve Bank of India has sounded a warning bell to customers.
If you have two or more accounts in the same name, you can now be fined. What rule has RBI brought? The Reserve Bank of India says that if there are multiple accounts in the name of a person, there can be a problem.
It is very important to know these rules if you have multiple bank accounts, otherwise you will have to pay a fine of ₹10,000. The Reserve Bank of India has implemented this tough rule. If you do not pay the money, the bank can take legal action.
According to important information released by the Reserve Bank of India, if fake transactions are found in the account, a fine will be imposed. If there are suspicious transactions, a fine will be imposed.
In addition to being fined if there are fake transactions, you cannot have more than one bank account in the same name. Therefore, customers should be careful.