Can i deposit 5 lakhs cash in my account

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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. 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...

Kotak Mahindra Bank Fixed Deposit Interest Rate 2024 @ 7.70 PA

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 … 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. detangle matted human hair wig

Public Provident Fund: How much cash can you deposit in …

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 … 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... 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. detangle hair before or after washing

Post Office Time Deposit (TD) Calculator 2024: Save income tax …

Fraud Alert: Beware! Police Are Freezing Bank Accounts for …

WebJun 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 … WebMar 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 … detangled hair salon maple shade njWeb7 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. chunhua su university of aizu

"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 … " - Can i deposit 5 lakhs cash in my account

Can i deposit 5 lakhs cash in my account

How much cash can be deposited in bank without tax India?

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 … 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 …

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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 … WebNov 10, 2014 · 1. You can deposit the cheque in your account. The interest earned would be added in your income. You have to pay capital gains tax if applicable. You can deposit the amount in any bank including Cooperative Bank.Seek the advise to get exemption from capital gains tax from the tax consultant.

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 · 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 …

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 ... WebApr 13, 2024 · Post Office Time Deposit Accounts can be held for a duration of 1 year, 2 years, 3 years, or 5 years. The deposit period can be extended for a year upon maturity by giving an application. Post Office Time Deposit Account: Deposit amount. Post Office TD account can be opened for a minimum amount of Rs 1000 and in multiples of Rs 100 …

WebApr 14, 2024 · In the old regime, you can get a deduction of up to Rs 1.5 lakh in a financial year by investing in these funds. But are these funds useful for those opting for the new regime? There are two questions to answer here: What should you do with your existing investments in ELSS funds if you have opted for the new regime?

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 … detangler brush by felicia leatherwoodWebFeb 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 … detangler comb for thick hairWebMay 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 … detangle hair naturallyWebApr 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. detangle my hair leave in sprayWebFeb 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 … detangle natural black hairWebMy 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 … detangled hair loss washing natural hairWebCash 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 … detangler brush for waves