Can i deposit 5 lakhs cash in my account
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... Web13 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 …
Can i deposit 5 lakhs cash in my account
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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 · 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 …
Web9 hours ago · Dead money in Subaida's account. Subaida Beevi (76) Chirayinkeezhu in Thiruvananthapuram district has several health issues, including clotting of blood in the head. But she cannot access the Rs 2.36 lakh in her account with the Federal Bank because it was frozen on June 7, 2024, nearly two years and a half ago. The account … 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 …
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 … WebSep 29, 2024 · What this means is that even though you can open two accounts, the total deposit in both the accounts cannot exceed the overall allowed maximum limit for a single person which is currently Rs 1.5 lakh in a financial year. Section 80C benefit for PPF PPF is one of the most popular investment instruments due to its government backing and tax ...
WebNov 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 …
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. sometimes always never 2018 pelicula completaWebFeb 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. sometimes always never meaningWebJun 24, 2024 · While the maximum investment limit is Rs 1.5 lakh in a financial year, a minimum annual investment of Rs 500 is necessary to keep a PPF account active. An … sometimes always never maths ks2WebFeb 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. small colleges in the carolinasWebDec 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 ... sometimes always never mathWebApr 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. small colleges in the ussmall colleges in va