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Neeraj Kumar Gupta   25 January 2020

Turnover Limit for Individual Saving Bank Account

What is the highest turnover limit for saving acount in a financial year what liabilities are for this type of turnover ?


 4 Replies

Roshni

Roshni (Studwnt)     25 January 2020

The Amount you can imagine will be the highest turnover. Liability will be to pay tax😜
Neeraj Kumar Gupta

Neeraj Kumar Gupta   25 January 2020

Yes but I mean, is any restriction regarding turnover of saving acount ?
CA Kiran Sutrave

CA Kiran Sutrave (CA)     25 January 2020

Anything above Rs. 10,00,000
Kapadia Pravin

Kapadia Pravin   26 January 2020

Not turnover but SB Account has limit for number of entries permissible in a year . Beyond that either bank may take service charge it even ask you to open current account.

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