Saving account balance

This query is : Resolved 

27 September 2013 hello all. we all know that rs 10 lacs limit in saving bank accounts in aggregate of in all the banks is to be seen by department for the purpose of application of AIR by banking companies. Now my query is suppose i am having 5 bank accounts in various branches with saving account balance rs 4 lacs in each. whether my name will be mentioned and if yes then how??? wheathr i will get notice from deptt for maintaining high amt in saving account.pls suggest thanks in advance

27 September 2013 It is advised to open multiple bank a/c if u have so much cash lying for avoiding such troubles by dept.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries