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Bank audit- fixed deposit

This query is : Resolved 

18 August 2017 Kindly solve my query
Can bank give fixed deposit maturity amount in cash to customer? If no then according to which section?
Thanks in advancr

22 August 2017 Kindly Refer section 269SS/ST As per bank cannot give maturity amount directly rather the bank should transfer the maturity amount to his/her bank account

15 October 2021 But for amount less than the specified limit, the cash payment is allowed.






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