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Reg: Cash Withdrawal limit in Current A/c

Others 361 views 4 replies
Dear sir/Madam
As per companies act or Income tax act what is the maximum withdrawal limit of Current account.
Regards
Replies (4)

There is no restriction over any such cash withdrawals, but aggregate transactions over 50 lakhs in any current account must be declared by bank to ITD.

Dear Sir

Thank you so much for your valuable reply. 

Regards

Originally posted by : Dhirajlal Rambhia
There is no restriction over any such cash withdrawals, but aggregate transactions over 50 lakhs in any current account must be declared by bank to ITD.

what is the similar threshhold in SB account for the bank to declare to ITD?

Rs. 50,000/- Per Day

& Rs. 10 Lakhs Per Annum ......


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