Need help regarding deposit of funds

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Deal Cadet
satish_26284
I have 5 lakh rupees in cash. How to deposit this 5 lakhs in bank? What are the technique tobe followed to overcome fine?

Is FD a better option to invest this 5 lakhs? If yes means Post office or any bank providing better interest?
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Benevolent Benevolent
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Is that White or Black? 🧐

Pro Community Angel Pro Community Angel
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All our incomes for the current year are black, they would become white when we file income tax return in 2025 and include those incomes. 

Brand Enthusiast Brand Enthusiast
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I dont even ask you white or black. Close your eyes deposit in your savings account. Any deposit beyond 10L will be reported to i.tax so your amount will not be reported if you have PAN & Aadhar atrached to your account.

I dont know your investment horizon for FD, but here are high FD interest rates with some omissions.

1. Kotak giving 7.4% for 23 months

2. BOB giving 7.25% upto 3 yrs

3. If you can lock for 5yrs can consider Nsc 7.7%

4. Post office MIS is 7.5% non cumulative with monthly interest paid

5. If you can deposit in the name of senior citizen, post office senior citizen savings account gives 8.2% paid quarterly

6. Can invest in floating rate  GOI bonds that gives yield of 8.05% and paid half-yearly. Since its floating rate, the interest will be reviewed every six months(?) , but will be highest interest compared to any bank ( omitting NBFC)

7. SBM bank is giving 8.25% interest on FD if you trust, similarly shriram finance etc.

Dont be greedy and  play safe with your money

Good luck

Deal Subedar Deal Subedar
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Banks now charge a fee for cash deposits after a limit. That's what op is referring.


Split money into 5 and deposit in 5 different accounts. Probably can avoid the deposit fee.
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Pro Community Angel Pro Community Angel
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"What are the technique tobe followed to overcome fine?" 

Which fine ? 

Deal Cadet Deal Cadet
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One friend adviced me not to deposit more than 2.5 lakhs in cash. So only. Now I'm clear about cash deposit.

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Deal Newbie Deal Newbie
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since there is no unaccounted funds (black money) since November-December 2016,
we assume you or someone have legal evidence of the source of funds
so there is no question of fine.. as it is all declared and you/ someone have filed tax returns too, after declaring the receipts.
Benevolent Benevolent
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Is that White or Black? 🧐

Pro Community Angel Pro Community Angel
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All our incomes for the current year are black, they would become white when we file income tax return in 2025 and include those incomes. 

View 8 more replies
Brand Enthusiast Brand Enthusiast
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I dont even ask you white or black. Close your eyes deposit in your savings account. Any deposit beyond 10L will be reported to i.tax so your amount will not be reported if you have PAN & Aadhar atrached to your account.

I dont know your investment horizon for FD, but here are high FD interest rates with some omissions.

1. Kotak giving 7.4% for 23 months

2. BOB giving 7.25% upto 3 yrs

3. If you can lock for 5yrs can consider Nsc 7.7%

4. Post office MIS is 7.5% non cumulative with monthly interest paid

5. If you can deposit in the name of senior citizen, post office senior citizen savings account gives 8.2% paid quarterly

6. Can invest in floating rate  GOI bonds that gives yield of 8.05% and paid half-yearly. Since its floating rate, the interest will be reviewed every six months(?) , but will be highest interest compared to any bank ( omitting NBFC)

7. SBM bank is giving 8.25% interest on FD if you trust, similarly shriram finance etc.

Dont be greedy and  play safe with your money

Good luck

Deal Cadet Deal Cadet
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There is a financial instrument called T-Bill.

6.8% Annum for 91days.

6.9% annum for 182 days.

7.01% annum for 364 days.

You will get the interest after 1 week of buying T-Bill and the invested amount you will get after the maturity period you selected.

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Deal Subedar Deal Subedar
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Banks now charge a fee for cash deposits after a limit. That's what op is referring.


Split money into 5 and deposit in 5 different accounts. Probably can avoid the deposit fee.
Pro Community Angel Pro Community Angel
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That's new info for me. It's been a while since I last deposited cash. Thanks, kg. 

Deal Newbie Deal Newbie
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mujhe de dou.. main dheere dheere deposit kar doonga.. small small amounts mein.

Like sau-dou sau rupiye par week. Aap ko bhi koi fine nahin lagega aur mere bhi dou teen varsh theek thank nikal jaayenge!
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