Deposit of money in bank
Tejas Jasoriya (CPT clear) (284 Points)
09 November 2016
Can I as a student deposit my saved money in bank after ban since I have no proof of Income?
Tejas Jasoriya (CPT clear) (284 Points)
09 November 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160663 Points)
Replied 09 November 2016
Yes, upto "saved money"
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 09 November 2016
Any amount can be deposited into bank on producing proof of identity. (Pan, Aadhar card etc)
Tejas Jasoriya
(CPT clear)
(284 Points)
Replied 09 November 2016
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 09 November 2016
If you have got as gifts - Gift OR other income OR some suitable field may be opted.
I don't think bank will ask for Proof of Income. It is not Bank's duty. Just quoting your PAN (and Copy of it) will do.
I hope, being a student you are not going to deposit in lakhs. (if its more than lakhs - you must be having Source for such Income.
Thanks.
CAclubindia
