Loan repayment cash

can we take loan repayment in cash from debtors
Replies (3)
Quick Summary
This discussion explores the legality of accepting loan repayments in cash. It highlights that entities other than banks generally cannot accept cash loan repayments exceeding Rs. 20,000 in a single day. This limit is crucial for both lenders and debtors to understand to ensure compliance with financial regulations.

Other than banks cannot accept loan repayment if loan amount is Rs. 20K or more.

20k in a day or in a year
A day....

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