Cash transaction limit rs,300000/-

This query is : Resolved 

08 February 2017 Dear Sir ,
pls help me explain the limit of Rs.300000/- fixed for cash transactions . what this limit mean actually . per day or per transaction or per year per transaction or per year per party






16 February 2017 No cash transaction above ₹ 3 Lakhs will be permitted in respect of a single transaction or a number of transactions with a person in a single day.



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