Can i deposit 5 lakhs cash in my account
WebCash 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 … 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 ...
Can i deposit 5 lakhs cash in my account
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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 … 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.
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. 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...
WebApr 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. 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 …
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 …
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 … how to take care of bleached blonde hairWebNumber 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. how to take care of blisters on your feetWebMay 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 … ready mixed wall tile adhesiveWeb7 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. how to take care of black skinWebAnswer (1 of 12): Depositing the money in the bank with the recent developments in the income tax area, Its a very risky move even though its a 2.5Lac rupees because of the following reason where you might … how to take care of blue orchidhttp://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 how to take care of blackberry bushesWebAnswer (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 … ready mixed wallpaper paste homebase