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Cash limit in current account
Kindly confirm the cash withdrawal and deposit limit in CC and OD BANK ACCOUNT for whole year?
Replies (2)
As such no limit, unless banks have own restrictions on different types of such accounts; but if aggregate transaction exceed 50 lakhs, bank has to report it under section 285BA(1) of the Act
Agree with Mr Dhirajlal Rambhia sir.
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