sir, cash deposit limit in saving and current account how much sir,?
how much cash deposit in one transaction is safe ?
Banks have to report cash deposits or withdrawals aggregating to Rs 50 lakh or more in a financial year in one or more Current Account/s of a person.
Banks/Post offices also have to report cash deposits aggregating Rs 10 lakh or more in a financial year in one or more accounts (other than Current Account / Time Deposit) of a person.
Banks/Post offices additionally have to report cash deposits aggregating Rs 10 lakh or more in a financial year in one or more Time Deposit accounts of a person .
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