Urgent: lar asked by bank

CA Unnati (ACA) (81 Points)

13 April 2015

Sir,

on deposit of cash in bank, the bank is asking for LAR.

what is it and why bank is asking for it.

thanks in advance

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4 Replies

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 13 April 2015

Liquidity at risk.. in mah view.. but bank asking that for cash deposit...

didnt got that... do call the bank officials and confirm this... why and what they want ??

because usually i hadnt heard any thing like that while depositing cash in personal accounts or in our company a/c even when the amount is huge

CA Unnati (ACA) (81 Points)
Replied 13 April 2015

Thanks sir will confirm it.

CA Unnati (ACA) (81 Points)
Replied 13 April 2015

Is it anything related to legality of cash amount deposited beyond 10 lakhs.

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 13 April 2015

hadnt heard yet........!!!!!!!!

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