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Cash deposit

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(Querist)
16 October 2014 Dear Experts,

What is the Maximum cash deposit limit in the bank for Individual in a year in Savings account as well in current account.


Thanks in Advance,
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 October 2014 there is no limit but cash deposits in excess of Rs 10 lakhs are reported to Income-tax Department through Annual information Report
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Arun Kumar. G

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Arun Kumar. G (Querist)
16 October 2014 Thank you for your reply Mr. Nikhil.
Does this limit apply to current account also.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 October 2014 only saving accounts are covered......

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