Can i deposit 5 lakhs cash in my account
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. 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...
Can i deposit 5 lakhs cash in my account
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WebMy Account; Register a Complaint; Sales 1800-208-8787; Service 1800-258-5970; Download Mobile App. ... the investor's initial deposit of Rs. 1 lakh has grown to Rs 1,46,932.88 with a total interest earned of Rs. 46,932.88. ... You can avail of a loan against your Money Double Scheme. The loan amount will depend on the amount of your … WebApr 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 …
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. WebMar 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 …
WebAnswer (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 … 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 have to disclose the source of such income and justify deposits. Authorities will also consider specified deposits even in regional rural banks and cooperative banks.
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 …
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 … holidays schoolWebFeb 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 … hulu tv shows snowfallhttp://ww.w.zeebiz.com/personal-finance/news-post-office-time-deposit-calculator-2024-td-rules-1981-account-tax-benefit-scheme-80c-premature-withdrawal-td-calculator-income-tax-saving-230432 hulu tv shows tv seriesWebFeb 9, 2024 · What is the limit to deposit cash in bank in India? 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. hulu tv shows scheduleWeb7 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. holidays school nzWeb13 minutes ago · A person eats a meal at a hotel in Muppathadam in Kerala and pays the bill using a unified payment interface (UPI). Unfortunately, the UPI account from which the payment was made is linked with an online fraud. The result? The bank accounts of the hotel, its chicken supplier and the father-in-law of the supplier are now frozen on orders … holidays schools have offWebMar 22, 2024 · 1. Insurance on deposits in bank accounts is only till INR 5 lakh (this is a concern if its a new age &/or not a very big bank). 2. Risk of cyber frauds. To get a safety … holidays school usa