Large cash (concurrent audit)
This query is : Resolved
31 October 2015
dear expert
as per the rbi circuller bank need to collect purpose letter again cash transaction =>10 laks per day and cumulative cash transaction =>10 laks also,
e.g if for day ther r 3 cash transaction i.e 1) 11,00,000 2) 4,00,000 3) 5,00,000
and customer provids only 1 purpose letter against 11lakhs transaction so is it ok if he dont provid letter against (4lhks+5lhks) as the total is 9lakhs only which is below 10 lakhs...and if the other 2 transaction total exceed 10 lakhs than only bank needs to collect letter for that..
as per the rbi circuller bank need to collect purpose letter again cash transaction =>10 laks per day and cumulative cash transaction =>10 laks also,
e.g if for day ther r 3 cash transaction i.e 1) 11,00,000 2) 4,00,000 3) 5,00,000
and customer provids only 1 purpose letter against 11lakhs transaction so is it ok if he dont provid letter against (4lhks+5lhks) as the total is 9lakhs only which is below 10 lakhs...and if the other 2 transaction total exceed 10 lakhs than only bank needs to collect letter for that..
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