Cash deposit in a day?

This discussion clarifies daily cash deposit limits for savings accounts, noting that these vary by bank and account type. While there isn't a universal daily limit, banks must report cash deposits of ₹50,000 or more to the Income Tax Department (ITD). For reporting purposes, the threshold is ₹10 lakh as per Section 285BA of the Income Tax Act, though RBI guidelines might impose different transaction limits. It's advised to avoid structuring deposits to circumvent reporting requirements.