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Bank related

Deepak Raja (8 Points)

24 February 2017

can a banker accept a deposit more than 50000 with form 60?

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9 Replies

(Guest)

Pan number is required

Deepak Raja (8 Points)
Replied 24 February 2017

Pan number is required?

Deepak Raja (8 Points)
Replied 24 February 2017

What happens when accepted please tell me

Deepak Raja (8 Points)
Replied 24 February 2017

Can a banker required to take pan card for accepting loan repayment or can accept with form 60 only

(Guest)

deposit cash in part like 20000/- and 10000/- and 20000/- in different days

any amout more than fifty thousand deposit or withdraw need pan no

(Guest)

With a view to ensuring compliance with provisions of 114B of the Income Tax Rules, 1962, the banks are advised that anybody depositing more than Rs 50,000 in cash in their bank account has to submit a copy of the PAN card in case the bank account is not seeded with PAN.

(Guest)

The RBI asked banks to ensure that customers submit a copy of their PAN card for any cash deposit exceeding Rs 50,000, if it is not already seeded with the account, to ensure tax rule compliance in the wake of the recent decision to abolish Rs 500 and Rs 1,000 notes.

(Guest)

https://yourstory.com/2016/11/rbi-pan-cards-demonetisation/

Mukesh Kumar (Accounts Manager) (1466 Points)
Replied 25 February 2017

DEAR SIR, ,,,,,,,,,,,,AS YOU MAY KNOW THAT WHAN CASH DEPOSIT MORE THAN 50K , BANKER ASK TO PAN CARD COPY IF YOU HAVE NOT PROVIDE YET ,,,,,,,,,,, BUT IF BANKER NOT ASK THAN NOT HAPPEN ANYTHING AND BANKER ASK TO YOU NEXT TIME