Limit on Cash Withdrawal from Savings Account in a year

utkarsh gupta (-) (21 Points)

19 February 2022  
I am getting married this month and want to withdraw cash from my savings bank account for the wedding expenses as most vendors accept cash payments only. My withdrawals will be greater than 10 Lakh rupees. Do I need to report this transaction or am I breaching any IT Act provisions by doing so?