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about bank account
how much amount i can credit in my bank account at one time?
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In Democratric.....Independent country like India.......... citizen has right to deposit his legitimate cash to his account without any barrier....... For check on money laundering, RBI has set some norms for reporting by banks, e.g. any cash deposit of 50K or more in any account on any single day.........
Similarly yearly 10 lakhs or more in any savings account. and aggregate cash transactions of 50 lakhs or more in any current account.
No limit, however, the account has to be fully KYC complied with.
Such limits are for reporting, if the source is legitimate and well accounted for there is no reason to hesitate.
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