Can i deposit 5 lakhs cash in my account

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WebFeb 9, 2024 · Individuals who deposit cash above Rs. 2.5 lakh and senior citizens who deposit cash above Rs. 5 lakh may be scrutinised. Any amount within the specified limit will be excluded from scrutiny considering that the money is from household savings, cash withdrawals, earlier income, and so on. WebApr 14, 2024 · Moneylife Digital Team 17 March 2024. In February 2024, Reliance Industries and PVR were the most preferred stocks of Indian mutual funds. The net purchases of Reliance Industries were Rs2,835 crore. State Bank of India and Bank of Baroda were the most sold stocks.

Can I deposit one lakh in my savings bank account? - Quora

WebFeb 9, 2024 · Till now, the limit for cash deposit without PAN was Rs 50,000 per transaction. A lot of people were depositing less than Rs 50,000 per day to escape the … WebDec 12, 2024 · Rs 5 Lakh Deposit Guarantee: Now Mandatory for Banks to Return Money Within 3 Months, says PM With deposit insurance coverage of Rs. 5 lakh per depositor per bank, the number of fully... how to scroll up in hypixel skyblock

Cash deposit of about 5.5 lakhs in my savings account

WebMay 11, 2024 · Cash deposit in FD: The Central Board of Direct Taxes has said that banks have to report if a person deposits in one or more time deposits (other than a time … WebJun 13, 2024 · Then in such a situation entire Rs. 3 lakhs can be paid in cash etc. mode i.e., Rs. 1 lakh by the person being married, Rs. 1 lakhs by the father and Rs. 1 lakhs by the mother. Even if all the bills are in the joint names of three persons then also the payment can be made in the above manner. ... (ALL) that cash deposit in the bank account of ... WebFeb 9, 2024 · Can I deposit 5 lakhs cash in my account? Individuals who deposit cash above Rs. 2.5 lakh and senior citizens who deposit cash above Rs. 5 lakh may be scrutinised. Any amount within the specified limit will be excluded from scrutiny considering that the money is from household savings, cash withdrawals, earlier income, and so on. how to scroll up and down using touchpad hp

Cash deposit limit in Savings Account as per Income Tax

Now, depositors can withdraw up to ₹5 lakh if bank placed und…

WebA Salary Account is a type of savings bank account dedicated to receiving your monthly salary deposited by your employer. It has plenty of benefits, which you can read here. … WebJan 20, 2024 · It seems 1.5 lakh such accounts might have received more than Rs 10 lakh between November 9, 2016 and December 30, 2016. Holders of these accounts will … how to scroll up and down on fire stickWebAnswer (1 of 12): Depositing the money in the bank with the recent developments in the income tax area, Its a very risky move even though its a 2.5Lac rupees because of the following reason where you might … how to scroll up and down with two fingers

"WebNumber limit (sum total of deposits and withdrawals) 5 free cash transactions per month. Charges above free limits: Rs. 150 per transaction. OR. Value limit (sum total of deposits and withdrawals) The value limit is inclusive of both Home and Non home branch transactions. Up to Rs. 2 lakh. Free per month per account. " - Can i deposit 5 lakhs cash in my account

Can i deposit 5 lakhs cash in my account

I had 5 lakhs in my savings account can I deposit 2.5 now …

WebCash deposits, while allowed in a fixed deposit (FD), should not exceed ₹10 lakhs. You can make large FD transactions through other traceable means such as cheques or Mobile banking App. Credit card bill … WebDec 25, 2024 · 2] Bank savings account deposits: The cash deposit cap in a bank account is ₹ 10 lakh. If a savings account holder deposits more than ₹ 10 lakh during a financial year, the income tax ...

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WebJun 24, 2024 · Forgot to deposit minimum amount in your PPF account? Here is what you may lose & ways to revive it While the maximum investment limit is Rs 1.5 lakh in a financial year, a minimum annual... WebFeb 9, 2024 · Till now, the limit for cash deposit without PAN was Rs 50,000 per transaction. A lot of people were depositing less than Rs 50,000 per day to escape the …

Web7 hours ago · If you are looking to invest in fixed deposits, here are six banks that offer more than 8 per cent interest on short-term fixed deposits (up to three-year tenure). DCB Bank DCB Bank offers an interest rate of 8.50 per cent to senior citizens for deposits maturing between 15 months and 24 months for amounts below Rs 2 crore. WebFeb 9, 2024 · There are no limits to the amount of money you can deposit into your checking or savings account. Except for a few formalities, the process of depositing a large amount of money is similar to that of smaller amounts. Can I …

WebMay 22, 2024 · Updated: 22 May 2024, 09:42 AM IST Balwant Jain PPF scheme: There is no restriction on any of parent or both the parents contributing to the PPF account of a child. The annual deposit limit of... WebJan 17, 2024 · What if I deposit 5 lakhs in my account? Individuals who deposit cash above Rs. 2.5 lakh and senior citizens who deposit cash above Rs. 5 lakh may be scrutinised. Any amount within the specified limit will be excluded from scrutiny considering that the money is from household savings, cash withdrawals, earlier income, and so on.

WebAffordable & efficient banking for single-city businesses. Features of Regular Current Account. Deposit up to 2 lakhs cash free per month OR 25 txns (whichever is …

WebDear Sir. Since it is a cash deposit, only you are responsible for the same. You should be in position to explain the source for the same. Since there is a system of Annual … how to scroll up in centos terminalWebFeb 9, 2024 · Score: 4.5/5 ( 75 votes ) Since there is a system of Annual Information Return being filed by banks, your cash deposit exceeding Rs. 10 Lakhs in a Savings account … how to scroll up in selenium webdriverWebAnswer (1 of 6): You can deposit any amount in your saavings Bank. Hope this money is by Cheque or by money transfer. Cash can be deposited but bank would like to know … how to scroll up in selenium javaWebMar 19, 2024 · “The tax laws require banking companies to report cash deposits and withdrawals of Rs 10 lakh or more in bank accounts, other than current or time deposit … how to scroll up in webdriverioWebDec 12, 2024 · According to a statement by PMO, with deposit insurance coverage of Rs. 5 lakh per depositor per bank, the number of fully protected accounts at end of previous … how to scroll up in vmware consoleWebNov 21, 2016 · Also, deposits of Rs 12.5 lakh or more in a current account need to be reported to the authorities. The notification also said that the permanent account number … how to scroll up on a items stats in hypixelWebApr 10, 2024 · You can avail tax deduction of a maximum ₹1.5 lakh as per Section 80C by investing in Tax Saving Fixed Deposit You can easily add a nominee to your FD accounts. Kotak Mahindra Bank charges no prepayment penalty for premature FD withdrawals before 180 days (penalty of 0.5% and 1% for premature withdrawals of less than 364 days and … how to scroll up in minecraft chat