What is the maximum limit for cash deposit in SBI?

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What is the maximum limit for cash deposit in SBI?

The per transaction limit is Rs.49,900/- for Cardless deposit and through Debit Cards Rs. 2.00 lacs (subject to account has ceded with PAN number). You can also deposit cash in your PPF, RD and Loan accounts. Upto 200 currency notes can be deposited in a single transaction.

What is the maximum limit for cash deposit?

Individuals who deposit cash above Rs. 2.5 lakh and senior citizens who deposit cash above Rs. 5 lakh may be scrutinised. Any amount within the specified limit will be excluded from scrutiny considering that the money is from household savings, cash withdrawals, earlier income, and so on.

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Can I deposit 25 lakhs in my SBI account?

SBI customers whose minimum average balance is up to Rs 10,000, they can make upto Rs 25,000 cash deposit per day free of any charges. If the limit is more than Rs 25,000, then you will paying Rs 0.75 on per Rs 1000 you deposit plus GST.

Can I deposit 2 lakh cash in my account?

Cash deposits, while allowed in a fixed deposit (FD), should not exceed ₹10 lakhs. You can make large FD transactions through other traceable means such as cheques or internet banking. Credit card bill payments also have a limit of ₹1 lakh.

Does SBI charges for cash deposit?

The State Bank of India has revised the service charges for Basic Savings Bank Deposit (BSBD) accounts. However, non-financial transactions and transfer transactions will be free of cost at branches, ATM, CDM (cash dispensing machines) for the BSBD account holders.

How can I deposit cash in SBI?

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How to Deposit Money through SBI ATM Machine

  1. Once you have reached the ATM, you can insert your ATM card and then click on ‘Banking’.
  2. After entering the ATM Pin, Click on ‘Deposit’ and then click on ‘cash deposit’.
  3. Click on ‘confirm’ button and choose your account type from Savings or Current Account.

Can I deposit 3 lakh cash in my account?

Since there is a system of Annual Information Return being filed by banks, your cash deposit exceeding Rs. 10 Lakhs in a Savings account / exceeding Rs. 2 lakhs is not allowed as per Section 269ST of the Income tax, which will land you in a penaly of Rs. 10 Lakhs.

Can I deposit 10 lakhs cash in bank?

Cash deposits in bank accounts: CBDT has made it mandatory for a bank or a cooperative bank to report cash deposits aggregating to Rs 10 lakh or more during a financial year, in one or more accounts (other than a current account and time deposit) of a person.

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How much cash can be deposited in SBI Non-Home branch?

Rs 2 lakh per day is the maximum limit for the deposit of cash at the SBI non-home branch.

Is there any charges for cash deposit in SBI?