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limit for saving bank a/c

Vara Lakshmi (44 Points)

12 July 2019

Is there any limit for Savings in saving bank a/c ??

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167681 Points)
Replied 12 July 2019

As such none, but should be normal savings account, not Jan Dhan like...

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Vara Lakshmi (44 Points)
Replied 12 July 2019

it's just a normal savings ,, and I heard there is limit for savings in saving bank a/c if the limit cross they automatically convert it as a deposit

Mrugashi Nene (student) (133 Points)
Replied 12 July 2019

Yes, some banks convert the basic saving account with such special facility; but if you do not want, you can deny such auto-debit transfer. More over the FDs are linked to the account with auto debit facility.

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J S BHAVSAR (CONSULTING) (1288 Points)
Replied 12 July 2019

Can someone just win some 100 crore rupees lottery and deposit that lottery winning cheque in Savings bank? Is there no such limit on the money that can be held on Savings account?