What is the cash deposit limit for current account?

The account allows free unlimited collection of funds through RTGS and NEFT, and provides monthly cash deposits up to Rs. 10 lakhs.

Can we deposit cash in current account?

There are no restrictions on deposits made in the current account opened in a home branch of a bank. However, the current account holder can deposit the cash from any other branch of a bank other than the home branch by paying a nominal charge as applicable.

Can I deposit 50000 cash in bank without PAN?

No PAN mandatory for deposit or cash transactions above Rs 50,000, you can use Aadhaar. Earlier, Budget 2019 proposed to allow the use of Aadhaar for filing income tax returns in case anyone does not possess PAN. UIDAI Twitter account. For cash transactions over Rs 50,000, people can use their Aadhaar instead of PAN.

What is the limit of cash deposit in SBI?

The per transaction limit is Rs. 49,900/- for Cardless deposit and through Debit Cards Rs. 2.00 lacs (subject to account has ceded with PAN number). You can also deposit cash in your PPF, RD and Loan accounts.

How much cash can we deposit in bank without pan?

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 PAN provision. But a circular issued on Tuesday says deposits made between 9 Nov and 30 Dec 2016 will require a PAN if the combined sum exceeds Rs 2.5 lakh.

Can I deposit 2 lakh cash in my SBI account?

CASH DEPOSIT – BANK BRANCH Maximum cash deposit limit: While there is no limit on the amount of cash deposit made in a home branch, the maximum limit for cash deposit at a non home branch is Rs 2 lakh per day.

What is the time limit to deposit demonetised banknotes in India?

The Reserve Bank of India stipulated that the demonetised banknotes could be deposited with banks over a period of fifty days until 30 December 2016. The banknotes could also be exchanged for legal tender over the counter at all banks. The limit for such exchange was ₹4,000 per person from 8 to 13 November,…

How much money can be withdrawn from ATM after demonetisation?

As the demonetisation drive progressed, the country witnessed currency shortage, followed by long queues outside banks and ATMs. # ATM withdrawal to be restricted to Rs 2,000 per day per card up to Nov 18.

Are there any restrictions on deposit in a no frill account?

You have not specified the type of account. If it is No Frill account, there are restrictions on transaction amount. But if it is normal account, in all most all banks, there are no restrictions on deposit. Yes, for cash deposit above certain prescribed limit, there are charges in many banks.

Are there any restrictions on cash deposit in an NRI account?

If it is No Frill account, there are restrictions on transaction amount. But if it is normal account, in all most all banks, there are no restrictions on deposit. Yes, for cash deposit above certain prescribed limit, there are charges in many banks. How much cash can an NRI deposit after the demonetization?