RBI gave important information, how much penalty will have to be paid by those having 2 bank accounts

In recent times, rumors have circulated on social media platforms claiming that individuals holding accounts in multiple banks could face heavy penalties. These claims have raised concerns among many account holders. However, the Press Information Bureau (PIB) and the Reserve Bank of India (RBI) have refuted these claims, labeling them as baseless and false. As per a statement released by PIB Fact Check, these rumors have no official basis, and people are urged not to believe or spread such misinformation. Today, December 10, 2024, PIB issued a clarification and advised the public to remain vigilant against such misleading news.

After thoroughly reading and understanding the top 5 articles on Google Write a News Article

The viral claim that penalties will be imposed on individuals with more than one bank account has caused unnecessary panic. Many users shared these false claims on social media platforms like WhatsApp, Twitter, and Facebook. To curb the spread of misinformation, PIB and RBI have taken proactive steps to clarify the matter.

False Claims Addressed by RBI

The Reserve Bank of India has categorically denied issuing any directive that imposes penalties on individuals holding accounts in two or more banks. A spokesperson from the central bank reiterated that having multiple bank accounts is entirely lawful and does not attract any financial penalties.

These rumors, often circulated with fabricated messages, are misleading and intended to create fear among the public. PIB clarified through its official Fact Check initiative that these claims are not backed by any government directive or policy.

How to Identify Fake News

To help citizens stay informed and avoid falling prey to such rumors, PIB runs a Fact Check service. Individuals can report misleading news by:

1. WhatsApp: Share screenshots, links, or forwarded messages with PIB Fact Check at their official number.
2. Email: Send details to [email protected].
3. Social Media: Tag PIB on platforms like Twitter or Facebook to report fake news.

This service helps verify claims, ensuring that people are not misled by false information.

Why Fake News Spreads Rapidly

The advent of social media has made it easier for rumors to gain traction. Messages that appear alarming or urgent are often forwarded without verification. Experts believe that such misinformation could arise due to a lack of understanding of financial policies. To combat this issue, organizations like PIB encourage responsible sharing of information. Verifying news from trusted sources, such as RBI’s official website or PIB Fact Check, can significantly reduce the spread of false narratives.

RBI’s Official Stance

RBI has repeatedly emphasized that citizens should rely on official communication channels for updates on policies. The central bank uses its website, press releases, and verified social media accounts to disseminate accurate information. Any claims not supported by these sources should be treated with skepticism. Furthermore, the government has reiterated that individuals can hold as many bank accounts as they find necessary. There is no restriction on the number of accounts a person can open across different banks.

PIB’s Role in Combating Misinformation

The Press Information Bureau plays a crucial role in curbing the spread of false claims. Its Fact Check team is dedicated to debunking fake news related to government policies and schemes. By providing timely clarifications, PIB ensures that citizens are not misled by rumors. PIB’s efforts have been instrumental in addressing several fake claims in the past. From financial scams to health-related misinformation, the Fact Check service has proven to be a reliable resource for verifying news.