SEO Sai Gr. Hosp.
210821 Points
Joined July 2016
In Democratric.....Independent country like India.......... citizen has right to deposit his legitimate cash to his account without any barrier....... For check on money laundering, RBI has set some norms for reporting by banks, e.g. any cash deposit of 50K or more in any account on any single day.........
Similarly yearly 10 lakhs or more in any savings account. and aggregate cash transactions of 50 lakhs or more in any current account.