There are certain Deposit and Withdrawal Limits in a Savings Bank Account for a Financial Year and if you cross this limit you may get a notice from income tax department seeking an explanation of the source of the funds. This video explains the limit and the concepts of cash deposit and withdrawals from a savings bank account.

Video link for Saving bank account transactions:
   • Savings Account में कितना Cash जमा कर...  

Video link for Current account transactions:
   • Current Account में कितना Cash जमा कर...  

Annual Information Report (List of highvalue transactions):
https://www.incometaxindia.gov.in/tut...

DISCLAIMER ********
This video is merely a general guide meant for learn­ing purposes only. All the instructions, references,content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

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