Chandrakant Parmar (11 Points)30 September 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:firstname.lastname@example.org voice no:9989324294)
Replied 30 September 2021
ndividuals who deposit cash above Rs. 2.5 lakh and senior citizens who deposit cash above Rs. 5 lakh may be scrutinised. Any amount within the specified limit will be excluded from scrutiny considering that the money is from household savings, cash withdrawals, earlier income, and so on.
Cash withdrawal limit for self using cheque is capped at ₹1 lakh while cash withdrawal limit by third party (only through cheque) is capped at ₹50,000. ... At the non-home branch – no charges will be levied for cash transactions up to ₹25,000 per day. For third party transactions, the limit has been set at ₹25,000 per day.
D K Gupta
Replied 22 October 2021
You may deposit it in your bank account by subdividing it in 49K to 1L daily but not exceeding 10 lakh in a month total to avoid its reporting to FIU, & IT.