Thursday, November 16, 2017

How much cash I can deposit in my savings deposit account?


You are having savings deposit with a public sector bank in India
There is no restriction in regard to cash withdrawal and cash deposit in your own account
However, in case of huge withdrawal amounting to lakhs of rupees, it is better that you inform the branch in advance
In the case of cash deposit, in case you had not provided your PAN number to the bank, you have to mention PAN number in the remittance challan without fail
This is as per Income tax rules

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