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Regarding retention limit of cash in bank

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(Querist)
02 May 2016 Sir I am doing concurrent audit. but I am confuse regarding retention money of bank in a day. rs 12 lakh of 15 lakh .Please guide me
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BASHISHT KUMAR

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BASHISHT KUMAR (Querist)
02 May 2016 banking regulations act
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CA Prateek Garg

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CA Prateek Garg (Expert)
03 May 2016 Cash retention for each branch is different... only brach can tell what is their cash retention limit



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BASHISHT KUMAR

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BASHISHT KUMAR (Querist)
03 May 2016 Thanks sir
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BASHISHT KUMAR

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BASHISHT KUMAR (Querist)
03 May 2016 Sir please tell me what is the rule to determine cash retention limit
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CA Prateek Garg

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CA Prateek Garg (Expert)
03 May 2016 Generally regional office (RO) of bank decides the cash retention limit of all the branches under its control... it is desided on the basis of deposit size of branch... however RO may take into account other considerations
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BASHISHT KUMAR

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BASHISHT KUMAR (Querist)
03 May 2016 Sir please tell me what is the way to determine cash retention limit ( by notificati)on or letter or documents
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BASHISHT KUMAR

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BASHISHT KUMAR (Querist)
03 May 2016 by which way RO NOTIFY TO BRANCH




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