Recent social media buzz has led to concerns that the Reserve Bank of India (RBI) might impose fines on individuals with multiple bank accounts. This rumour has created confusion among many account holders. To address these concerns, the Press Information Bureau (PIB) has issued a clarification.
No RBI Directive on Multiple Bank Accounts
According to the PIB, the RBI has not issued any guidelines or directives regarding penalties for holding multiple bank accounts. The rumours circulating about such penalties are false and unfounded.
No Need to Close Bank Accounts
Customers are not required to close any of their bank accounts due to these misleading messages. The PIB assures that there are no fines for maintaining multiple accounts.
Reporting False Information
The PIB has urged the public to report any such misleading information they come across. They are continuously monitoring these false news reports and request individuals to inform them if they encounter any.
Contact PIB for Verification
For accurate information related to government guidelines or news, individuals can use PIB’s fact-checking services. False news or misleading information can be reported via screenshots, tweets, Facebook posts, or URLs to PIB’s WhatsApp number at 8799711259 or via email at factcheck@pib.gov.in.
The PIB’s clarification should help dispel any doubts regarding the management of multiple bank accounts and ensure that individuals are not misled by incorrect information.
