0
No Limit.
If you are going to deposit more than Rs. 50,000/- you need to provide your PAN card number. If you are going to deposit more than Rs. 10,00,000/- (10 lakhs) you need to provide the source of income of the money.
These are done to ensure that black money is reduced and also to identify possible money laundering activities.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How does the FDIC protect non-banking stockholders?
The FDIC will cover your cash balance in your brokerage/investment account- but only if you signed up for an FDIC-insured cash account. If your cash balance is stored in a cash account as opposed to a money market account, the cash is stored in an account that counts as a savings account. This way, your cash balance can be insured by the FDIC while your invested amount is riding the stock market wave...
Where can you get the best savings account in your area?
The TCF bank usually gives you $100 for opening an account with them. They are also open on Sundays. They dont have a minimum amount of cash that you need to have in your account either, which is very nice.
Maximum how much amount can be deposited in a savings account per day in state bank of India?
Maximum Rs.49999 You may also deposit more than 50K but in that case you just need to submit Your PAN No. (permanent account number) to determine the source of the cash deposited. For more information please visit the government of India's Income tax website
What is the maximum loan amount Magnum Cash Advance offers?
Magnum Cash Advance can offer a loan of $1,200. Or, the amount can be up to 30% of the take home pay that is put into a checking account every month.
What is the maximum amount of cash in an ATM?
50000
What are savings account balances classified as?
cash
Can you deposit a cash card in your savings account?
yes
How does the FDIC protect non-banking stockholders?
The FDIC will cover your cash balance in your brokerage/investment account- but only if you signed up for an FDIC-insured cash account. If your cash balance is stored in a cash account as opposed to a money market account, the cash is stored in an account that counts as a savings account. This way, your cash balance can be insured by the FDIC while your invested amount is riding the stock market wave...
What type of account is most liquid?
The cash in your pocket, but secondary would be a savings account.
What type of account is the most liquid?
The cash in your pocket, but secondary would be a savings account.
Where can you get the best savings account in your area?
The TCF bank usually gives you $100 for opening an account with them. They are also open on Sundays. They dont have a minimum amount of cash that you need to have in your account either, which is very nice.
