New of penalty for maintaining accounts in more than one bank is fake – PIB Factcheck
A misconception is being spread in some articles that according to the new guidelines of the Reserve Bank of India, now a penalty will be imposed for maintaining accounts in more than one bank
In social media, a fake news is being spreading that according to the new guidelines of the Reserve Bank of India, now a penalty will be imposed for maintaining accounts in more than one bank. This has resulted into an atmosphere of fear and apprehension in the mind of general public.
PIB Fact check has investigated the fake news of penalty for maintaining accounts in more than one bank and found it completely fake. According to PIB Factcheck, RBI has not issued any guideline and public should be alert to such fake news.
- Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT
- Last date to submit MEF 2026-27 extended to 09.09.2026
- Validity of demand u/s 156 for default u/s 115-O, if assessment order u/s 143(3) has Nil demand
- Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts
- TDS can’t be denied for non deposit of tax deducted by the deductor – High Court
