Reserve Bank of India

Dear Sir, as per Reserve Bank of India rules, what is the maximum limit?

a person can deposit the amount in his name in any indian bank. The person is not having PAN Card.

Public Comments

1. Up to Rs.50,000/=.
2. You can deposit upto INR 50,000/- cash in your account if you don't have PAN card. This according to RBI circular Aug 2002.
3. You can deposit as much money as you like to any bank account. But as single transaction, you can only transact Rs:49000 or below it. If you have 50000 or above you may split it in multiples of 49000 or below it and deposit each with different pay in slips.
4. less then 50000 Rs. only cash deposit,
5. Read when it is required to have PAN card, at http://mytaxes.in/index.php?topic=42.0
6. Rs.50000 is the limit for depositing cash without having PAN Number.
7. Rs 50000