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limit of 2.5 lakh

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(Querist)
22 November 2016 if my client has both saving and current account....can he deposit 2.5 lakh in both saving and current account....or the sum of total cash deposit in these two account should not exceed 2.5 lakh
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 November 2016 Savings bank ac limit is 2.5 lacs. For current ac the closing cash balance of business as on 8th November could be remitted.
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anwesha

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anwesha (Querist)
23 November 2016 so that means the total deposit in current account could exceed 2.5 lakh
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 November 2016 Of course if the book balance exceeds.

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