Bank audit- fixed deposit
This query is : Resolved
18 August 2017
Kindly solve my query
Can bank give fixed deposit maturity amount in cash to customer? If no then according to which section?
Thanks in advancr
Can bank give fixed deposit maturity amount in cash to customer? If no then according to which section?
Thanks in advancr
22 August 2017
Kindly Refer section 269SS/ST
As per bank cannot give maturity amount directly rather the bank should transfer the maturity amount to his/her bank account
15 October 2021
But for amount less than the specified limit, the cash payment is allowed.
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