Receipt more than 50000 Revised

Saravanan (Manager Internal Audit) (97 Points)

24 October 2007  

Is there any regulation which prohibits collection of cash more than 50000.


Is there any penal consequenses.



Will 269 SS attract for the situation mentioned below.

An NBFC has given loan t a customer.
Can he repay the same in cash in excess of Rs 50000/-