News of penalty for maintaining accounts in more than one bank is fake

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.

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