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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 ?
Replies (4)
The Amount you can imagine will be the highest turnover. Liability will be to pay tax😜
Yes but I mean, is any restriction regarding turnover of saving acount ?
Anything above Rs. 10,00,000
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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