Cash Deposit
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SBI Customer Argues With Employee Over Cash Deposit, Video Sparks Debate
A video of the incident shows a customer questioning a bank employee over an alleged delay in accepting cash.
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RBI's Next Big Plan - Cash Deposit In Banks Via UPI. What It Means
In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.
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Cash Deposit Rules Tightened Days Before Deadline
Customers with amounts above that level had to provide an identification number known as the permanent account number.
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For Cash Deposits Of Over Rs 20 Lakhs In A Year, Change In Rules
Depositing more than Rs 20 lakh a year, one will now need to present their PAN details as well as their Aadhaar card mandatorily.
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Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government
The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".
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Deposits Before April 1 Can Be Disclosed Under Pradhan Mantri Garib Kalyan Yojana
The Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 per cent tax and surcharge on declarations of unaccounted cash deposited in banks.
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Taxman Sends 3,000 Notices For High Bank Deposits Post Notes Ban
During this period, the total cash seizures amount to Rs 316 crore, of which new currency is above Rs 80 crore and jewellery seizure is Rs 76 crore.
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In New Rule, Old Notes Above Rs 5,000 Can Be Deposited Only Once
The RBI said that even in case of deposits below Rs 5,000, if the cumulative deposit exceeds Rs 5000, "they may be subject to the procedure to be followed in case of tenders above Rs 5000".
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For Banks, Note Ban Could Bring Rs 38,000 Crore In Treasury Windfall: Report
This potential of windfall earnings from treasury gains comes at a time when banks are facing significant challenges, from bad assets to weak credit growth to capital requirement for new regulatory norms.
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No Questions Will Be Asked For Depositing Above Rs 5000, Says Reserve Bank
According the modified rule, KYC or Know Your Customer-complaint bank accounts will be exempted from the Rs 5,000 deposit norms.
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Household Sector Owned Majority Of Deposits In Banks Till March: RBI
This was followed by the government sector which accounted for 12.8 per cent of total deposits. The private corporate sector came next with a contribution of 10.8 per cent.
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PM Modi Likely To Address Nation Soon
Prime Minister Narendra Modi may speak about the roadmap post-demonetisation period especially on the steps likely to be taken to ease cash flow that has been a major problem ever since demonetisation took place.
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60 Lakh Depositors Put Rs 7 Lakh Crore In Banks Since November 8: Report
Top officials said that while the government will not hound any genuine depositor, it will not hesitate to litigate at any forum to catch any black money holder trying to convert illegal wealth into white.
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Banks To Report Deposits Over Rs 2.5 Lakh In 50-Day Window
Moving quickly to plug loopholes, the Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
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SBI Collects Rs 1,14,139 Crore In Deposits In Seven Days
One can withdraw cash against withdrawal slip or cheque subject to a weekly limit of Rs 24,000 including withdrawals from ATMs and over the counter from the bank accounts.
-
SBI Customer Argues With Employee Over Cash Deposit, Video Sparks Debate
A video of the incident shows a customer questioning a bank employee over an alleged delay in accepting cash.
-
RBI's Next Big Plan - Cash Deposit In Banks Via UPI. What It Means
In a major decision, the Reserve Bank said today that it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones.
-
Cash Deposit Rules Tightened Days Before Deadline
Customers with amounts above that level had to provide an identification number known as the permanent account number.
-
For Cash Deposits Of Over Rs 20 Lakhs In A Year, Change In Rules
Depositing more than Rs 20 lakh a year, one will now need to present their PAN details as well as their Aadhaar card mandatorily.
-
Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government
The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".
-
Deposits Before April 1 Can Be Disclosed Under Pradhan Mantri Garib Kalyan Yojana
The Pradhan Mantri Garib Kalyan Yojana (PMGKY) provides for 50 per cent tax and surcharge on declarations of unaccounted cash deposited in banks.
-
Taxman Sends 3,000 Notices For High Bank Deposits Post Notes Ban
During this period, the total cash seizures amount to Rs 316 crore, of which new currency is above Rs 80 crore and jewellery seizure is Rs 76 crore.
-
In New Rule, Old Notes Above Rs 5,000 Can Be Deposited Only Once
The RBI said that even in case of deposits below Rs 5,000, if the cumulative deposit exceeds Rs 5000, "they may be subject to the procedure to be followed in case of tenders above Rs 5000".
-
For Banks, Note Ban Could Bring Rs 38,000 Crore In Treasury Windfall: Report
This potential of windfall earnings from treasury gains comes at a time when banks are facing significant challenges, from bad assets to weak credit growth to capital requirement for new regulatory norms.
-
No Questions Will Be Asked For Depositing Above Rs 5000, Says Reserve Bank
According the modified rule, KYC or Know Your Customer-complaint bank accounts will be exempted from the Rs 5,000 deposit norms.
-
Household Sector Owned Majority Of Deposits In Banks Till March: RBI
This was followed by the government sector which accounted for 12.8 per cent of total deposits. The private corporate sector came next with a contribution of 10.8 per cent.
-
PM Modi Likely To Address Nation Soon
Prime Minister Narendra Modi may speak about the roadmap post-demonetisation period especially on the steps likely to be taken to ease cash flow that has been a major problem ever since demonetisation took place.
-
60 Lakh Depositors Put Rs 7 Lakh Crore In Banks Since November 8: Report
Top officials said that while the government will not hound any genuine depositor, it will not hesitate to litigate at any forum to catch any black money holder trying to convert illegal wealth into white.
-
Banks To Report Deposits Over Rs 2.5 Lakh In 50-Day Window
Moving quickly to plug loopholes, the Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
-
SBI Collects Rs 1,14,139 Crore In Deposits In Seven Days
One can withdraw cash against withdrawal slip or cheque subject to a weekly limit of Rs 24,000 including withdrawals from ATMs and over the counter from the bank accounts.
