Cash
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2018
How much cash can I deposit in my savings accounts? Is there any annual limit? i have three savings accounts.
22 April 2018
No limit But it mandatory for a banking company or a cooperative bank to report
cash deposits aggregating to Rs 10 lakh or more in a financial year, in one or
more accounts (other than a current account and time deposit) of a person to
the Income tax department.
cash deposits aggregating to Rs 10 lakh or more in a financial year, in one or
more accounts (other than a current account and time deposit) of a person to
the Income tax department.
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