Wed, May 11, 2022
If you are a taxpayer then there is very important news for you. Your one mistake can get you a notice from the tax department. Actually, the government keeps an eye on all your financial transactions. If you do cash transactions more than a limit, then you can get a notice from the Income Tax Department. If a person withdraws more than the prescribed limit in a financial year, then TDS i.e. Tax Deduction at Source (TDS) is deducted under section 194N of the Act. What is the limit for depositing cash in the bank? How much tax will have to be paid on cash withdrawal? What is the limit for accounts? How much is cash payment limit? What is the limit for cash deposit in the bank? Watch Money Guru and know the answer to all these questions from experts.
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Thu, Jun 01, 2017
SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs.
Wed, May 10, 2017
The bank said that now customers will be charged Rs 25 per transaction on every cash withdrawal from ATMs. The bank will also charge on issue of ATM cards except RuPay, henceforth.
Fri, Apr 21, 2017
As per LocalCircles survey, from April 13 - April 16, nearly 46% of Indian citizens could not find ATMs dispensing cash. In the first week of April 2017, about 36% of citizen has reported the similar problem.
Thu, Apr 06, 2017
Cash transaction limit not to be implemented on withdrawal from banks. Watch the full segment for more details.
Mon, Apr 03, 2017
State Bank of India, in a research report said, “It may be also noted that with the implementation of ban on cash transactions of over Rs 2 lakh from April 1, further decline in cash withdrawals may be a possibility.”
Wed, Mar 29, 2017
Data show that although from October to November 2016 saw an over Rs 30,000 crore rise in deposits in Jan Dhan accounts, withdrawals are slowly inching up,
Mon, Mar 13, 2017
In a two-stage process, the weekly withdrawal limit per account had been raised to Rs 50,000, from Rs 24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.
Tue, Mar 07, 2017
During the hearing, the bench observed: "Despite postulations, no individual has been permitted to deposit after December 31, 2016."
Mon, Feb 20, 2017
The central bank on January 30, had cancelled the daily and weekly limits imposed on ATM withdrawals and from the current accounts from February 1.
Wed, Feb 08, 2017
The apex bank had imposed the limitation on withdrawal of cash after Prime Minister Narendra Modi on November 8 had announced the ban on Rs 500 and Rs 1000 notes.
Mon, Jan 30, 2017
While ATM cash withdrawal limit will be ending from February 01, 2017. However bank at their discretion can have their own operating limits as was the case before November 08, 2016, stated RBI.
Sat, Dec 31, 2016
The Reserve Bank of India (RBI) on Friday has increased the daily cash withdrawal limit to Rs 4,500 per day from the earlier cap of Rs 2,500 per day starting from January 1 next year. However, the weekly cash withdrawal limit of Rs 24,000 per week remains unchanged.
Fri, Dec 02, 2016
The judges dismissed the petition on the ground that it was "devoid of merit" as there were "no restrictions" for operating the bank account by "non-cash transactions".
Wed, Nov 30, 2016
In an attempt to protect the innocent farmers and rural account holders of Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme from money laundering and legal consequences, the Reserve Bank of India (RBI) on Tuesday announced restrictions on cash withdrawal limit to Rs 10,000 per month.
Fri, Nov 25, 2016
The company added that the facility will be available across 17 properties starting today.
Sat, Nov 19, 2016
As an another customer-centric move in the times of demonetisation, the Reserve Bank of India (RBI) has now made the limit for cash withdrawal at point of sale (POS) - for debit cards and open system prepaid cards issued by banks in India, uniform at Rs 2000 per day available at all centres.
Tue, Nov 15, 2016
Under the so-called demonetisation scheme, people are allowed to exchange up to 4,500 rupees once only.
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