banner_ad

Cash deposit in a day?

857 views 10 replies
How much can a person deposit cash in his savings account in a day?
Replies (10)

As such depends upon each bank, and type of savings account/s..

But bank has to report to ITD for any cash deposited by cash for amount of Rs. 50K or more per day.

Can i deposit 5 transactions of 49,900? suppose i have declared income of 4 lakh in ITR
Restrictions on deposits of cash in a day Rs.199999/ applicacable for one account and for individual account.
Can i deposit in 2 different banks 49000*4 each?

Not in a single day............. yes, on different days....

Thank you so much

You are welcome..                

Sir Reporting of Cash Deposit of 50K or more by banks is this as per Income Tax Act?  As per As per Section 285BA of the Income Tax Act, 1961, SFT Reporting limit is 10 lakh.

No not as per IT act, but may be RBI guidelines...

Rs.199000 on a day or depending upon the transactions limit.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details