How many bank account You have & use regularly.

[Titan]

10 Bank accounts that's a really a lot. How are you able to manage these?

Out of 10 bank A/C, 3 are dormant & will never use. (Paytm already stopped transaction after RBI rule)
Now remains = 7
Indian Bank : Its a salary account, It cant be changed. After salary credited , I just transfer the amount to another account. No other transaction. Once a month usage. Nothing to manage. No A/C maintenance charges as it is salary account.
SBI : All transaction related to PPF, stocks , MFs happens here. Maximum transaction are autopay. Nothing manual here. Its SBI Rishtey A/C. So no charges here also.
CBI : This account is going to be dormant soon as we dont use it after parent's retirement. No transaction done here. Less than 500 rs is there, parents just dont want to close it, so lying idle. No Debit Card , so no charges. Only some nominal sms charges.
BOB: Only locker purpose, Cant close it. No transaction done here. BOB lite savings A/C. 1000+ remains always. So no maintenance charges here also.
Bandhan bank : Premium A/C holding here, High amount FD transaction only. No transaction outside FD. So nothing to track or manage. Yearly 4-5 times I have to check. Account maintenance charges are very low here.
Jio Payments Bank: Upi payments for day to day use. 100+ small transaction done here per month. So thats a very busy account, i check everyday the transaction while going to bed. No A/C maintenance charges.
POSA : Its a very old account . PLI, RD, KVP, NSC, MIS, TD, SSA, etc traditionally done here. Used yearly 1/2 times. No A/C maintenance charges.

So as a conclusion most of Nationalized banks are zero or low maintenance charges. So no problem in that case. Main 3 accounts are SBI, Bandhan, Jio to track and manage. Rest are of no headache.

P.S. : Want to open a bank account in AU SMALL FINANCE BANK jointly with my son. Want to know the reason ? Visit the link given below.

Thread 'ASBA FOR MINOR BANK ACCOUNT NEEDED THROUGH NETBANKING FOR IPO APPLY'

Oct 9, 2025

I want to open a bank account which offers ASBA facility for minor accounts through netbanking for IPO apply purpose (to increase the chance of allotment).

Minor can't get internet banking access, so usually Minors bank account is tied to guardian Netbanking. (Minor accounts don’t have a separate Net Banking login, as they’re linked to the guardian’s bank account.)

But there is a issue with Netbanking portal of bank, it is usually tied with PAN. When guardian apply for IPO, it picks the PAN of Guardian instead of Minors PAN. As I already applied for the same IPO in my name, duplicate...

• Titan
• asba bank account ipo minor net banking
• Replies: 1
• Forum: Bank Account