Cash deposit
This query is : Resolved
16 October 2014
Dear Experts,
What is the Maximum cash deposit limit in the bank for Individual in a year in Savings account as well in current account.
Thanks in Advance,
What is the Maximum cash deposit limit in the bank for Individual in a year in Savings account as well in current account.
Thanks in Advance,
16 October 2014
there is no limit but cash deposits in excess of Rs 10 lakhs are reported to Income-tax Department through Annual information Report
16 October 2014
Thank you for your reply Mr. Nikhil.
Does this limit apply to current account also.
Does this limit apply to current account also.
16 October 2014
only saving accounts are covered......
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