Deposite

You can make a cash deposit of Rs. 50,000/- per day without furnishing PAN. But a new circular issued by Government says deposits made between 9th November to 30th December, 2016 will require a PAN if combined sum exceeds Rs. 2.5 Lacs.

As per RBI circular, max.deposit  allowed per day is Rs.50000 without PAN. 

Yes you can deposit 2 lac in 5 installments. No need of Pan.