BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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100000
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49900
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49999
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75000
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Detailed explanation-1: -Cash deposit with debit card up to Rs. 2 lakhs per day where PAN is registered and Rs. 49, 999 where PAN is not registered in account.
Detailed explanation-2: -PAN is currently required for cash deposits of Rs 50, 000 or more per day.
Detailed explanation-3: -Cash Recycler Machine is capable of accepting and dispensing multiple notes simultaneously. CRMs accepts maximum 200 currency notes of Rs. 50, 100, 500 and 2000 denominations per transaction and maximum value of Rs. 49999/-.
Detailed explanation-4: -No PAN mandatory for deposit or cash transactions above Rs 50, 000, you can use Aadhaar. For cash transactions over Rs 50, 000, people can use their Aadhaar instead of PAN.
Detailed explanation-5: -India’s income tax laws prohibit cash transactions above ₹ 2 lakh for any reason. For example, if you purchase gold jewellery worth ₹ 3 lakh in a single transaction, you must make payment via cheque, credit card, debit card, or bank transfer.