No. of accounts??

chaitu..... (Querist) 10 September 2010 This query is : Resolved
dear sir,
how many bank (savings) accounts can have an individual, if there is any problem if the person can have more than 5 or more accounts?

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B.B.R.Goud. (Expert) 10 September 2010
there is no problem of having more no of accounts. but only then you do illegal transactions for unlawful gains.

Parthasarathi Loganathan (Expert) 10 September 2010
As per Anti Money Laundering norms every account of an individual must be linked with a common customer ID wherein all banks are instructed by the Regulatory authorities to strictly adhere with KYC norms

M/s. Y-not legal services (Expert) 10 September 2010
i agree with the above expert persons..

s.subramanian (Expert) 10 September 2010
I agree.

masood ausaf (Expert) 11 September 2010
In my view there is not restriction on having number of accounts.

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