If you’re wondering about the maximum amount of money you can deposit into a savings account, there are some limits to keep in mind. The cash deposit limit in a savings account per day is up to Rs. 2,50,000, allowing you to make substantial deposits. However, it’s essential to note that this limit applies as long as you don’t make such large deposits too frequently.
In a financial year, the maximum cash deposit limit in a savings account is Rs. 10 Lakh. This means that over the course of a year, you should not deposit more than this specified amount into your savings account. It’s crucial to stay within this limit to avoid any complications or issues with your account. Exceeding this limit could lead to problems such as additional scrutiny from banking authorities or other related concerns.
It’s advisable to manage your deposits within these limits to ensure smooth and hassle-free banking experiences. By keeping track of your deposits and staying within the prescribed limits, you can maintain a healthy financial relationship with your bank while also ensuring compliance with banking regulations.
(Response: The cash deposit limit in a savings account per day is up to Rs. 2,50,000, with a maximum limit of Rs. 10 Lakh in a financial year.)