In Indian Currency you can deposit Rs.39,999.00 without a PAN card.
No, there is no such limit. You may be required to report large cash deposits, and there is a limit to the federal deposit insurance, but there is no limit on how much money you can deposit per year.
A cash deposit slip is the same as a receipt, it is proof of your deposit, how much it is when you deposited etc.
No but there's a limit ($10,000) that will have to be reported to the government.
"Whidbey Island bank requires you to make a deposit of 100 dollars to open a checking account with them. If you are opening a savings account, you must deposit at least 150 dollars."
in check form no. but if you deposit Cash the limit is $10,000 before the IRS will be notified with your information.
Mostly Yes, especially if the amount you are depositing is significantly large. For ex: If I were to deposit Rs. 5000/- into my dad's account, no one would bother much, but I were to deposit Rs. 50 lakhs, then the bank will ask me to produce some sort of ID to confirm who I am as well as to establish the relationship I have with the account holder into whose account I am trying to deposit the funds.
Yes, you can. You don't need anyones permission before depositing cash into their account. However it would be a good courtesy to inform them to avoid surprises. Note that, banks will accept deposits into any account without much questions.
Actually there are no disadvantages of having a savings account. Saving money is a good habit and keeping it in a bank account is even better because it will earn you an interest. The only downside is that the interest earned in a savings account is much much lesser than a fixed deposit but nonetheless the money is liquid and you can take it anytime you want, which isn't the case with a fixed deposit.
25000 thousand
10,000$, Then it must be reported to the IRS, and only if in cash.
I calculate the interest rate should be given for 4 month saving deposit
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