Can You Open Bank Accounts with the Same Mobile Number at Different Banks?
Yes, you can typically open bank accounts at two or more different banks using the same mobile number. Most banks use mobile numbers for verification and communication purposes, but they generally do not restrict you from using the same number across multiple institutions. However, it's essential to check the specific policies of each bank, as some may have unique requirements or limitations concerning account creation.
Understanding the Bank Account System
The principle of having one individual, one bank, and one account is a common practice, especially when it comes to recognizing and validating unique bank account numbers. However, when it comes to opening accounts with different banks, using the same mobile number is perfectly fine. For example, if you have two bank accounts with different banks, you can use the same mobile number for both.
It's also worth noting that if you have two accounts with the same bank, it is possible to have two accounts with the same resident mobile number (RMN). The resident mobile number is often used as a form of identification and can be linked to multiple accounts if they belong to the same person or close family members.
Upi Payments and Wallet Accounts
For UPI (Unified Payments Interface) payments and wallet accounts such as PayTM or Gallup, it's a bit different. The three primary virtual addresses for UPI payments include a mobile number, email ID, and a suffix based on the service provider. While you can have a QR code as well, it's important to specify a primary bank account to receive money from lenders. For other bank accounts, you can link them with the same mobile number using the wallet and transfer money as needed.
Wallets like PayTM and other similar services typically require a default bank account, which is the primary source for receiving funds. However, you can still link multiple bank accounts with the same mobile number to the wallet, allowing more flexibility in managing funds.
Practical Example
For a practical example, you can have accounts with multiple banks such as SBI, HDFC, and Kotak Mahindra connected to the same mobile number, email ID, PAN card, and AADhaar card. The one-time passwords (OTPs) and SMS messages will be sent to the mobile number linked, making it feasible if all the account holders are the same person or close family members.
Conclusion
In summary, you can open a new account in a different bank using the same mobile number. It is generally not possible to open more than one account with the same bank using the same mobile number. Whether you are opening accounts with the same bank or different banks, the key is to verify and adhere to the specific regulations of each individual bank. By doing so, you can ensure a smoother account creation process and enjoy the benefits of having multiple bank accounts linked to a single mobile number.