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Saving account balance

This query is : Resolved

garvit bharti (Querist)
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27 September 2013 hello all. we all know that rs 10 lacs limit in saving bank accounts in aggregate of in all the banks is to be seen by department for the purpose of application of AIR by banking companies. Now my query is suppose i am having 5 bank accounts in various branches with saving account balance rs 4 lacs in each. whether my name will be mentioned and if yes then how??? wheathr i will get notice from deptt for maintaining high amt in saving account.pls suggest thanks in advance

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 September 2013 It is advised to open multiple bank a/c if u have so much cash lying for avoiding such troubles by dept.

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