WebApr 4, 2024 · 1. Wire Transfer / Telegraphic Transfer. 2. Demand Draft. Note 1: In the case of money transfer, RBI mandates that the money to be transferred, must be sent to the bank or to the chosen money changers account only by way of online bank transfer (NEFT/RTGS/Payment Gateway). No cheque, cash or card payment is allowed. WebAs per RBI guidelines, Savings Account cannot be opened for As per RBI guidelines, Savings Account cannot be opened for. Government departments/bodies depending upon …
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WebApr 13, 2024 · There are some rules and guidelines implicated by the RBI for the banks to manage and control cash deposits and other transactions in different types of accounts. RBI guidelines for cash deposits above 50,000. RBI guidelines given to the bank for cash deposit are as per the provisions of section 114 B of the Income Tax Rule,1962. WebCash withdrawal limits. Another crucial rule surrounds the cash withdrawal limit from Saving Account per day. You cannot withdraw more than the prescribed Savings Account withdrawal limit on any given day, especially at bank ATMs. The limit could range from INR 10,000 to INR 100,000, depending on the type of Savings Account you have. WebMaking a cash deposit in your savings account is simple. All you need to do is carry the cash to the branch and fill out a deposit slip. But remember that you cannot exceed a limit when doing this. The cash deposit limit on savings accounts is ₹1 lakh. Depositing more than ₹1 lakh in a savings account may attract the attention of the IT ... notebooks leather bound