Cryptocurrency Q&A
How much money I can deposit in my bank account?
How much money I can deposit in my bank account?
EthereumLegendGuard
Thu Oct 10 2024
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7
answers
1454
I am wondering about the maximum amount of money that I am allowed to deposit into my bank account. I would like to know the limit, if there is any, on how much funds I can keep in my account.
7 answers
BlockchainBrawler
Sat Oct 12 2024
Despite this daily limit, individuals have the flexibility to deposit up to Rs. 2,50,000 in a single day, provided they do not exceed this amount frequently.
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Lucia
Sat Oct 12 2024
It's crucial to keep in mind that while daily deposits can be adjusted, there's a stricter annual limit in place.
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ZenHarmonious
Sat Oct 12 2024
The annual cash deposit limit for savings accounts is Rs. 10 Lakh, which serves as a safeguard against potential misuse or money laundering activities.
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KatanaBlade
Sat Oct 12 2024
The daily cash deposit limit for savings accounts is set at Rs. 1 Lakh, ensuring a cap on daily transactions for security and regulatory purposes.
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DondaejiDelight
Sat Oct 12 2024
Exceeding this annual limit can lead to penalties or further scrutiny by financial institutions and regulatory bodies.
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