Deposit limit in a saving account (spouse)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2017
Hello Experts,
How much can I deposit in my wife saving account who is not salaried?
Can I deposit 2L per annum will that be any problem?
what is the maximum amount per transaction I can deposit?
How much can I deposit in my wife saving account who is not salaried?
Can I deposit 2L per annum will that be any problem?
what is the maximum amount per transaction I can deposit?
K Srinivas, CMA CS
(Expert)
22 September 2017
There is no restriction regarding cash deposits in SB account
K Srinivas, CMA CS
(Expert)
22 September 2017
Please note that for banking transactions above Rs.50,000 in cash is possible only after linking PAN in the account
K Srinivas, CMA CS
(Expert)
22 September 2017
And any transaction can be identified by IT Department by making use of the PAN. There is no such thing as safe amount which will not invite any problem. Problems will come if we do not have proper accounts for the money
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