Loan account

hello sir,madam.. can I deposit 3 lakh rupees loan in cash.. at a time in a year..?

Replies (4)

No. By virtue of section 269SS/T any loan amount exceeding 20,000/- cannot be accepted/repaid, except some exemption given to Government, bank, co.op. bank etc.

if I want to clear that loan... than hw to do..?

if it is from bank or any FI than you can 

YOU CAN  REVEIVE OR PAID 3 LAC ONLY TO BANK AND F.I.  OTHERWISE IT IS INELIGIBLE

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