Cash limit in current account
ghanshyam lohar (30 Points)
27 August 2018
Kindly confirm the cash withdrawal and deposit limit in CC and OD BANK ACCOUNT for whole year?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 28 August 2018
As such no limit, unless banks have own restrictions on different types of such accounts; but if aggregate transaction exceed 50 lakhs, bank has to report it under section 285BA(1) of the Act
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