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    Selecting a bank account and advantages /disadvantages of the same

    @cn17 Is it advisable to do this from risk mitigation perspective? Isn't it safer since you never know when which bank could go under?
  2. P

    Selecting a bank account and advantages /disadvantages of the same

    @cn17 If RBI has a limit of 5L as amount insured against one account what's stopping a regular Joe from opening 10 accounts in same or different banks to spread say 50L rupees. Is this a recommended approach? Say open one account in every TBTF and PSU bank? Any downsides of doing this?
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