‘Fake News’: PIB On Reports Claiming RBI Will Impose Penalty For Multiple Bank Accounts

In today’s time, people often have accounts in more than one bank. Having a bank account is also very important to receive the services of various central and state government schemes. While thousands of people have more than one account in different private and public banks, a message has recently gone viral on social media that sparked concern among the people. The viral message claimed that according to the new guidelines published by the Reserve Bank of India (RBI), a penalty will now be imposed on people who have accounts in more than one bank. But do you know whether this guidelines are true or not?

The Government of India’s press agency, the Press Information Bureau (PIB) reportedly unveiled the truth behind this viral message. The agency checked the facts regarding the claim and shared a post on its official X handle (formerly Twitter). “In some articles, this misconception is being spread that as per the new guidelines of the Reserve Bank of India, now a penalty will be imposed for keeping an account in more than one bank. @RBI has not issued any such guidelines. Be careful of such fake news!” when translated to English.

The Press Information Bureau completely debunked the viral message mentioning that there are no such guidelines issued by the RBI. The agency continuously monitors such news that quickly spread on the Internet sparking concern among the people. Anyone can report such news to the PIB for proper fact-checking.

You can also use the service of PIB Fact Check to verify any news or guidelines that are related to the government. A person who wishes to do so can send a screenshot, tweet, Facebook post, or URL of the misleading news to the PIB Fact Check WhatsApp number 8799711259 or email it to factcheck@pib.gov.in.