Cash deposit in bank account info needed

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Deal Newbie
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Please guide.

How much cash can we add in a bank account in one single year?
And cash withdraw limit if any?

Do Income Tax people care all this?

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You can deposit & withdraw unlimited amount, however Rs.10 lakhs deposits per annum may attract income tax scrutiny. Also, individuals who deposit cash above Rs.2.5 lakhs and senior citizens who deposit cash above Rs.5 lakhs may be scrutinised.

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Sigma999 wrote:

You can deposit & withdraw unlimited amount, however Rs.10 lakhs deposits per annum may attract income tax scrutiny. Also, individuals who deposit cash above Rs.2.5 lakhs and senior citizens who deposit cash above Rs.5 lakhs may be scrutinised.

What about deposit by online transfer?

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Instead think about deposit charges. Various deposit charges for various amount. Check that first

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Mufasa wrote:

What about deposit by online transfer?

That depends on case to case basis..

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