one of the trust related to a temple is having bank balance in its SB A/c of upto Rs.48lakhs... Now the trust can leave the balance as it is in it's account or it need to keep any amount of money in the form of FD? please reply...
if this amount is not in used and can be used to lock for some period like one or more year you may make FD for better return than saving account. no other restriction for keeping the level of amount in bank account.
CAclubindia
