How many transitions can be made in savings account in 1 financial year?by cash or check or atm card?
And how many transactions can be done through online net banking or UPI?
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Saving account related
Replies (10)
Quick Summary
I think There is no such limit , but if during the year transaction crossed 10 lakh then Bank will Report in SFT , to Income Tax Department,
then department may ask for information of such transaction.
then department may ask for information of such transaction.
There is no such limit but as per SFT transactions deposit above 10 lakhs rupees have to be reported by Bank
Banks have prescribed limits in their rules. you have to ask the bank for a copy of such rules.
few days back i just read somewhere in the account opening form that one can deposit cash in account only thrice in a month. thereafter charges will apply.
few days back i just read somewhere in the account opening form that one can deposit cash in account only thrice in a month. thereafter charges will apply.
Please share the copy of such notification
You may ask the bank to give a copy
There is no limit for transactions, there may be a charges if number of transactions or amounts exceeds, but there is no limit that you can't do transactions.
Then we may call it free transactions limit, beyond which charges will apply
No there is no such limit
It depends upon the bank
May be
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