Regarding deposit of cash
This query is : Resolved
11 November 2016
Dear experts; my father income is below 2.5lkh Per annum. But we have saving up to RS.3lkh in hand. how can we deposit this. can I deposit some amount in my account as I am above 18. if so then how much money can I deposited.
11 November 2016
Deposit 2.50 lacs in your father's ac and balance fifty thousand in your ac.
12 November 2016
can I deposit more than 50000 RS. in my account
12 November 2016
Yes you can do it...................
12 November 2016
how much can I deposit? what is. the maximum limit if my father already deposited 2.5 lkh in his account?
plz
12 November 2016
The limit is 2.50 lacs.
13 November 2016
means I can also deposit RS.2.5 lkh in my account
13 November 2016
Don't deposit other's cash in your ac other than your father's.
13 November 2016
OK thanks a lot but I can conclude that each family member can deposit upto RS.250000 in his account
17 October 2021
No that conclusion is not as per law. The solution is given to you as to the best of saving your cash, with least of possible hurdles.
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