* You can maintain unlimited saving A/C balance, but deposit (cash) is monitored.
*Cash Deposit greater than Rs.50000; requires PAN.
*Cash Deposit Restriction (No formal cap and this is generally recommended)
. Upto Rs.1L can be deposited; single day.
. Limit can be extended to Rs.2.5L; special circumstances.
. Cumulative Limit of Rs.10 Lakh: Annually and applies to all saving A/Cs.
*Cash deposits of over Rs.10L Monitored by Income Tax Department (ASI Reporting by Bank)
*Please also rate, Section 269 ST prohibits any person to receive cash amount of Rs.2 Lakh & above.