Cash deposit In Bank

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Depositing cash into your savings account is generally permitted, especially if it relates to your salary. While there's no strict annual limit for salary deposits, be aware that banks report cash deposits exceeding ₹10 lakhs. If you have a valid source of income, you can deposit larger amounts, but it's wise to stay within the ₹2 lakh threshold to avoid potential scrutiny.

Sandeep Jain

Sandeep Jain (Querist)
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25 May 2020 dear sir

In a year how much cash we have deposit in Saving account ?

My annual income is less then 250000/- i got the salary Cash mode

Please advise

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 May 2020 You can deposit cash in SB account to the extent of salary received.

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CA Ankur Tripathi

CA Ankur Tripathi (Expert)
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29 May 2020 you can deposit any amount of cash if you have a valid source of income and also within the conditions of Rs 2 Lacs. But bank report in its AIR if more than 10 lacs of cash is deposited in an a/c.

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